Downstream Processing Market Growth & Trends
The global downstream processing market size is expected to reach USD 69.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.9% from 2021 to 2028. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high potency products. This creates new avenues for single-use technologies.
As adoption of small-scale, single-use systems for process development and downstream processing is already high, evolutionary changes are expected in the area of single-use technologies for manufacturing small-volume, highly potent drugs. The development of novel film chemistries, closed systems, automation in clinical-scale single-use systems, and smart sensors are some noteworthy advancements in the field.
A rise in applications of downstream processing for the manufacture of biopharmaceuticals is expected to bring growth opportunities to the market. This has also led to an increase in strategic deals and development in the market. For instance, in February 2021, Evozyne, LLC collaborated with a leading rare disorders drug manufacturer for the manufacture and marketing of novel biopharmaceuticals for immune modulation.
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Downstream Processing Market Report Highlights
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Downstream Processing Market Segmentation
Grand View Research has segmented the global downstream processing market on the basis of product, technology, application, and region:
Downstream Processing Product Outlook (Revenue, USD Million, 2017 – 2028)
Downstream Processing Technique Outlook (Revenue, USD Million, 2017 – 2028)
Downstream Processing Application Outlook (Revenue, USD Million, 2017 – 2028)
List of Key Players of Downstream Processing Market
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