Downstream Processing Market is expected to See Incredible Growth by 2032

Posted by Ganesh Shinde on March 16th, 2023

The global downstream processing market is predicted to reach .9 billion by the end of 2022, up from .0 billion in 2021. Additionally, as biopharmaceutical enterprises and contract research organisations increase their use, global demand for downstream processing items is predicted to grow at an 11.3% CAGR between 2022 and 2032, reaching a market worth of US$ 72.3 billion by 2032.

The chromatography columns and resins category accounted for around 37.9% of the worldwide downstream processing market in 2021, and this dominance is likely to continue throughout the forecast period (2022 to 2032).

Downstream processing is utilised to create antibiotics, antibodies, hormones, and vaccines, as well as industrial enzymes. Downstream processing involves the purification and recovery of biosynthetic products produced from natural sources such as animal and plant tissues.

The downstream processing industry is driven by rising demand for biopharmaceuticals and rising R&D spending on their development. However, the high cost of the equipment used in downstream processing, as well as a scarcity of skilled labour, are impeding the market's expansion.

The report has also included the profiles of some of the leading companies in the downstream processing market like Sartorius Stedim Biotech S.A, GE Healthcare, Merck & Co Inc., Thermo Fisher Scientific, Inc., Eppendorf AG, Waters Corporation, 3M Company, Lonza Group Ltd. and Danaher Corporation.

Get More Details About Report@ https://www.futuremarketinsights.com/reports/downstream-processing-market

Market Taxonomy

Product Type:

  • Chromatography Columns and Resins
  • Membrane Adsorbers
  • Single-use Products
  • Consumables and Accessories

End Users:

  • Biopharmaceutical Manufacturers
  • Contract Research Organization

Applications:

  • Monoclonal Antibody Production
  • Vaccine Production
  • Insulin Production
  • Immunoglobulin Production
  • Erythropoietin Production
  • Other Application

By Technique:

  • Separation
  • Concentration
  • Purification

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Ganesh Shinde

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Ganesh Shinde
Joined: October 27th, 2022
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