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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Segmentation & Regional Insights
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
North America was the largest region in the downstream processing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global downstream processing market report during the forecast period. The regions covered in the downstream processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The downstream processing market report table of contents includes:
1. Executive Summary
2. Downstream Processing Market Characteristics
3. Downstream Processing Market Trends And Strategies
4.Downstream Processing Market – Macro Economic Scenario
5. Global Downstream Processing Market Size and Growth
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31. Global Downstream Processing Market Competitive Benchmarking
32. Global Downstream Processing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Downstream Processing Market
34. Downstream Processing Market Future Outlook and Potential Analysis
35. Appendix
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