Downstream Processing Global Market Is Expected To Grow At A Rate Of More Than 13% Through 2023 – 2027
29 Jun, 2023
The global downstream processing market size is expected to grow from $23.72 billion in 2022 to $27.19 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global downstream processing market size is expected to reach $45.13 billion in 2027 at a CAGR of 13.5%.
Global Downstream Processing Market Key Driver
The increasing healthcare expenditure is expected to propel the growth of the downstream processing market going forward. Healthcare expenditure includes all expenses for the provision of health services, family planning activities, nutrition activities, and health-related emergency help. Processing in the downstream. Increased spending would enhance downstream processing sales since it aids in the extraction of a drug substance (DS) from natural sources, such as bacterial or animal cells, and the subsequent purifying of the drug substance.
Get a sample of the global downstream processing market reportGlobal Downstream Processing Market Segments
The global downstream processing market 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
4) By Geography: The regions covered in the downstream processing market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global downstream processing market.
Major Downstream Processing Industry Players
Sartorius AG, GE Healthcare, Merck KGaA, Thermo Fisher Scientific Inc., Danaher Corporation, Repligen Corporation, 3M, Boehringer Ingelheim International GmbH, Dover Corporation, Lonza Group Ltd., Eppendorf AG, Corning Corporation, Ferner PLC, Ashai Kasei Corporation, Finesse Solutions Inc.
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Downstream Processing Market Overview
Downstream processing refers to the recovery and purification of a drug substance (DS) from natural sources, such as animal or bacterial cells. It outlines the sequence of steps necessary to create a pure and homogenous protein product from biological components such as cells, tissue culture fluid, or plant tissues.
Downstream Processing Global Market Report 2023 provides data on the global downstream processing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The downstream processing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.