Global downstream processing market was valued USD 26.2 billion in 2021 and is expected to rise to USD 88.6 billion by 2030 at a 14.5% CAGR.
Downstream Processing Market
One of the main elements fostering a favorable view of the market is the significant global expansion of the pharmaceutical sector. For extracting, purifying, and concentrating the produced pharmacological molecules from the intricate bulk matrix, downstream processing is frequently employed. In addition, the prevalence of infectious illnesses including dengue, hepatitis, and swine flu is rising, which is fueling market expansion.
According to the report, the global market size was worth around USD 26.2 billion in 2021 and is predicted to grow to around USD 88.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 14.5% between 2022 and 2030.
The global downstream processing market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the upcoming government actions to promote bioprocess technology, increased downstream bioprocessing usage in the sector, and the existence of a strong healthcare infrastructure.
The global downstream processing market is dominated by players like Sartorius AG, GE Healthcare, Merck KGaA, Thermofisher Scientific, Danaher, Repligen Corporation, 3M, Boehringer Ingelheim International GmbH, Corning Incorporated, Lonza, Dover Corporation, Asahi Kasei Corporation, Eppendorf SE, among others.
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