Downstream Processing Market Navigates Growth Trajectory, Targets USD 80.01 Billion by 2030
Downstream Processing Kit Market Trends and Overview
The Downstream Processing Market size was valued at USD 28.24 billion in 2022 and is projected to reach USD 80.01 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.9% during the forecast period from 2023 to 2030.
Downstream processing plays a crucial role in the biopharmaceutical industry, encompassing a series of purification and separation techniques that enable the extraction and purification of desired products from biological sources. This market has witnessed significant growth in recent years, driven by the increasing demand for biopharmaceutical products, advancements in technology, and the rising prevalence of chronic diseases.
The projected growth in the downstream processing market is attributed to several factors. Firstly, the expanding biopharmaceutical sector, coupled with the growing adoption of biologics, has created a substantial demand for downstream processing techniques. Biologics, such as monoclonal antibodies, vaccines, and recombinant proteins, offer targeted and personalized treatment options for various diseases, driving their popularity among healthcare professionals and patients alike.
Furthermore, technological advancements have revolutionized downstream processing, enabling more efficient and cost-effective production processes. Innovations in chromatography, filtration, and centrifugation techniques have enhanced the purification and separation of biopharmaceutical products, resulting in improved product quality and higher yields. These advancements have not only accelerated the manufacturing process but have also reduced production costs, making biopharmaceuticals more accessible to a wider patient population.
Moreover, the rising prevalence of chronic diseases, such as cancer, diabetes, and autoimmune disorders, has fueled the demand for biopharmaceutical products. Downstream processing plays a vital role in the production of therapeutic proteins and antibodies used in the treatment of these diseases. As the global burden of chronic diseases continues to increase, the demand for downstream processing techniques is expected to surge.
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KEY MARKET SEGMENTATION:
By Technique
- Purification
- Solid-liquid Separation
- Clarification/Concentration
By Product
- Chromatography Columns and Resins
- Filters
- Membrane Adsorbers
- Single-use Products
By Application
- Monoclonal Antibody Production
- Vaccine Production
- Insulin Production
- Immunoglobulin Production
- Erythropoietin Production
By End User
- Biopharmaceutical Manufacturers
- Contract Manufacturing Organizations (CMOs)
Major Players Listed in the Report are as Follows:
Asahi Kasei Corporation, Boehringer Ingelheim, Corning Incorporated, Danaher Corporation, Eppendorf AG, 3M Company, Merck Millipore, Lonza Group AG, Sartorius Stedim Biotech S.A., Thermo Fisher Scientific Inc. and Other Players.
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