Key Takeaways:
- The increasing demand for biopharmaceuticals, the growing popularity of single-use technologies, and advancements in bioprocessing and chromatography technologies are driving the growth of the downstream processing market.
- BThe biopharmaceutical segment dominated the downstream processing market in 2020 and is expected to continue to lead the market during the forecast period due to the high demand for biopharmaceutical products.
- The chromatography segment is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of chromatography techniques for the separation and purification of biomolecules.
- North America dominated the downstream processing market in 2020 due to the presence of major biopharmaceutical companies and a well-established healthcare infrastructure. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of biopharmaceutical products in the region.
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The global Downstream Processing Market was estimated at $21.8 billion in 2020 and is expected to hit $92.0 billion by 2030, registering a CAGR of 13.5% from 2021 to 2030.
Market Drivers
- Increasing demand for biopharmaceuticals: The demand for biopharmaceuticals has been increasing rapidly due to their high effectiveness and specificity in treating diseases. Downstream processing plays a crucial role in the production of biopharmaceuticals, which is driving the growth of the market.
- Growing popularity of single-use technologies: Single-use technologies have gained popularity in recent years due to their cost-effectiveness, flexibility, and reduced risk of contamination. Downstream processing is increasingly adopting single-use technologies, which is driving the growth of the market.
Market Segmentation
- Product: The downstream processing market can be segmented by product into chromatography columns and resins, filters, membrane adsorbers, single-use products, evaporators, centrifuges, dryers, and others.
- Technique: The downstream processing market can be segmented by technique into chromatography, filtration, centrifugation, membrane separation, and other techniques.
- Application: The downstream processing market can be segmented by application into monoclonal antibody production, vaccine production, insulin production, immunoglobulin production, enzyme production, and others.
- End-user: The downstream processing market can be segmented by end-user into biopharmaceutical manufacturers, contract research and manufacturing organizations (CROs/CMOs), and academic and research institutes.
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Competitive Landscape
- Thermo Fisher Scientific, Inc.
- Merck KGaA
- GE Healthcare
- Danaher Corporation
- Sartorius Stedim Biotech S.A.
- 3M Company
- Repligen Corporation
- Lonza Group AG
- Eppendorf AG
- Corning Incorporated
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