Press release
Downstream Processing Global Market Report 2024 Market Insights, Forecast, Size, Growth, Trends 2024-2033
Downstream Processing Global Market Report
According to The Business Research Company's, 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/downstream-processing-global-market-report
Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10155&type=smp
Major Key Players of the Market:
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
Downstream Processing Market 2024 Key Insights:
• The downstream processing market size will grow to $51.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%.
• Impact Of Rising Healthcare Expenditure On The Downstream Processing Market
• Surge Of Product Developments In Downstream Processing Market
• North America was the largest region in the downstream processing market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10155&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Downstream Processing Global Market Report 2024 Market Insights, Forecast, Size, Growth, Trends 2024-2033 here
News-ID: 3748470 • Views: …
More Releases from The Business research company
Lip Care Product Market on Path to Hit $3.55 Billion by 2029 at 8% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Lip Care Product Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for lip care products has demonstrated a robust growth in the past few years. It is expected to increase from $2.48 billion in 2024 to $2.61 billion in 2025, with an annual growth rate…
Petrochemicals Market to Grow at 5.9% CAGR, Reaching $912.39 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Petrochemicals Market Outlook: How is the Market Expected to Grow by 2025?
The size of the petrochemicals market has experienced consistent growth over the past few years. The market is projected to expand from $701.44 billion in 2024 to $726.17 billion in 2025, with a compound annual growth rate (CAGR)…
Charcoal Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Charcoal Industry?
The size of the charcoal market has consistently expanded over the past few years. It is predicted to surge from $5.64 billion in 2024 to $5.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.9%. The notable…
Hydrogen Market to Surpass $69.08 Billion by 2029 | Key Trends & Insights
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Hydrogen Market Grow by 2025 in Terms of Size and Growth?
In the past few years, the hydrogen market's size has been expanding robustly. The market, valued at $43.36 billion in 2024, is projected to enlarge to $47.66 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Downstream
Surge Of Product Developments In Downstream Processing Market Industry Trends Ga …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Downstream Processing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of downstream processing has seen significant growth lately. The projections indicate that its value will rise from $31.26 billion in 2024 to $35.54 billion in 2025, representing a compound annual growth rate…
Indonesia Oil & Gas Downstream Market Size, Trends 2031 By Key Players- Indonesi …
USA, New Jersey: According to Verified Market Research analysis, the Indonesia Oil & Gas Downstream Market size was valued at USD 60.58 Billion in 2024 and is projected to reach USD 97.29 Billion by 2032, growing at a CAGR of 6.1% from 2026 to 2032.
What is the current outlook for Indonesia's oil and gas downstream market?
Indonesia's oil and gas downstream sector is experiencing significant growth, driven by increasing domestic energy…
Evolving Market Trends In The Downstream Processing Industry: Surge Of Product D …
The Downstream Processing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Downstream Processing Market Size During the Forecast Period?
The Downstream Processing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
Oil Downstream Products Market Report 2024 - Oil Downstream Products Market Size …
"The Business Research Company recently released a comprehensive report on the Global Oil Downstream Products Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
2029, Cloud Security Market : Upstream & Downstream
The research seeks to Cloud Security Market size and future growth potential across various segments, including deployment modes, end users, and geographic locations. The base year used to Cloud Security Market size ranges from 2023 to 2029.
The secondary research component of the study technique utilized to assess and forecast the Cloud Security Market involved gathering information on important vendor revenues. As part of the market segmentation process, vendor offerings were…
Global Single-Use Downstream Bioprocessing Market
According to a new market research report published by Global Market Estimates, the Global Single-Use Downstream Bioprocessing Market is projected to grow at a CAGR of 21.5% from 2023 to 2028.
Sartorius AG, 3M Purification, Danaher (Cytiva), Repligen Corporation, Merck Millipore, Sepragen Corporation, Thermo Fisher Scientific, Inc., Meissner Filtration Products, INC., Dr. Mueller AG, Parker Hannifin Corp, Agilitech, and Foxx Life Sciences., among others, are some of the key players in…
