Downstream Processing Market Size, Share And Drivers Report 2024 To 2033

The Business Research Company offers in-depth market insights through Downstream Processing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The downstream processing market size has grown rapidly in recent years. It will grow from $27.19 billion in 2023 to $31.07 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increasing biopharmaceutical investments, stringent regulatory standards, globalization of biopharmaceutical production, rising incidence of chronic diseases.

The downstream processing market size is expected to see rapid growth in the next few years. It will grow to $51.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to increasing demand for biopharmaceuticals, focus on sustainable and green processing, collaborations and partnerships, continuous bioprocessing adoption, increasing demand for personalized medicines. Major trends in the forecast period include digitalization and industry 40 integration, technological advancements, single-use systems, biopharmaceutical industry growth, continuous processing.

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Market Segmentation:
The downstream processing market covered in this report is segmented -

1) By Product: Centrifuges, Dryers, Chromatography Systems, Filters, Evaporators, Other Products
2) By Technique: Purification Techniques, Solid-Liquid Separation, Clarification Or Concentration
3) By Application: Monoclonal Antibody Production, Vaccine Production, Insulin Production, Immunoglobulin Production, Erythropoietin Production, Other Applications

Major Driver - Impact Of Rising Healthcare Expenditure On The Downstream Processing Market
The increasing healthcare expenditure is expected to propel the growth of the downstream processing market going forward. Healthcare expenditure refers to all expenditures for the provision of health services, family planning activities, nutrition activities, and emergency aid designated for health. Downstream processing. Increasing expenditure would boost the sales of downstream processing as it helps in the extraction of a drug substance (DS) from natural sources, such as bacterial or animal cells, and the subsequent purification of the drug substance. For instance, in March 2022, according to the 2021-2030 National Health Expenditure (NHE) report published by the Centers for Medicare & Medicaid Services, a US-based Department of Health and Human Services department, the annual increase in national health spending was predicted to average 5.1% between 2021 and 2030, reaching approximately $6.8 trillion by 2030. Additionally, throughout the period 2021-2030, Medicare expenditures are expected to expand at a 7.2% annual rate, while Medicaid spending is expected to grow at a 5.6% annual rate. Therefore, the increasing healthcare expenditure is driving the growth of the downstream processing market.

Competitive Landscape:
Major companies operating in the downstream processing market report are Sartorius AG, General Electric Company, Merck KGaA, Thermo Fisher Scientific Inc., Danaher Corporation, Repligen Corporation, Minnesota Mining and Manufacturing Company, Lonza Group Ltd., Eppendorf AG, Corning Corporation, Ferner PLC, Ashai Kasei Corporation, Finesse Solutions Inc., MilliporeSigma, Illumina Inc., Pall Corporation, Bio-Rad Laboratories, Charles River Laboratories International Inc., Waters Corporation, Becton Dickinson and Company (BD), Entegris Inc., Novasep, Avantor Sciences, Tecan Group, Agilent Technologies, Bracco S.p.A., Boehringer Ingelheim International GmbH, Eisai Co. Ltd., Novo Nordisk A/S, Ahlstrom-Munksjö Oyj, Grifols S.A., GenScript Biotech Corporation

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Top Trend - Surge Of Product Developments In Downstream Processing Market
Product innovations are the key trends gaining popularity in the downstream processing market. Major companies operating in the downstream processing market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2022, Tosoh Bioscience LLC, a US-based global chemical and specialty materials company, launched the Octave BIO Multi-Column Chromatography (MCC) system, a holistic multi-column chromatography solution for downstream process intensification. It is an advanced multi-column chromatography system for process development and proof of concept that was specifically created for the intensification of biomolecule purification processes. Wide-ranging requirements can be accommodated by the special modular design, which also makes it possible to take advantage of MCC's resin and buffer cost savings and other real advantages.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Downstream Processing Market Characteristics
3. Downstream Processing Market Trends And Strategies
4. Downstream Processing Market - Macro Economic Scenario
5. Downstream Processing Market Size And Growth
…..
27. Downstream Processing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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