DOWNSTREAM PROCESSING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Downstream Processing Market Analysis:

The Downstream Processing Market is projected to experience a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period from 2022 to 2027.

The initial phase of the pandemic has had a significant impact on the growth of the single-use bioprocessing market. This can be attributed to the substantial decline in manufacturing processes and the restricted demand and supply of drugs. As the number of COVID-19 cases increased, there was a higher demand for effective drugs and vaccines. Consequently, biopharmaceutical companies have increasingly adopted downstream processing systems and technology. This is due to the reduced chances of contamination and the need for fewer sterilization tests between batches. The market growth was affected by these factors during the pandemic.

Several factors contribute to the growth of the downstream processing market. These include the global demand for the biotechnology sector, increased research and development expenditure in biopharmaceutical companies, and the growing prominence of contract manufacturing companies.

The adoption of downstream processing in the biopharmaceutical industry is on the rise, driven by increased pharmaceutical spending on research and development, the implementation of various business strategies, and advancements in technology. According to data published by the Congressional Budget Office, global pharmaceutical industries spent nearly USD 200 billion on research and development in 2020, compared to USD 83 million in 2019. This significant increase in investment enables companies to adopt innovative bioprocess technologies, leading to the adoption of continuous downstream processing systems for multicomponent separations, perfusion chromatography systems, high-throughput process development, and high-resolution membrane systems. Consequently, this drives market growth.

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