Report ID: SQMIG35H2109
Report ID:
SQMIG35H2109 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
67 |
Figures:
77
Due to government assistance for developing bioprocess technologies, rising medical costs, and an established healthcare infrastructure, North America held a lion's share of the downstream processing market in 2022 with a revenue share of 34.57%. Growth in the USA market is due to rising production and consumption of biopharmaceutic also, government support, the surge in chronic and infectious diseases. The manufacturers focuses on expanding their manufacturing facility and product portfolio and found new avenues for research. Additionally, major firms in the downstream processing market are growing their presence in this area.
Due to increasing investments in biotechnology by consumers and developers, the downstream processing market in the Asia Pacific is anticipated to increase at the fastest pace among all markets, 15.67%, between 2023 and 2030. Players are eager to deploy rapid analytical approaches to enable in-process planning and bioprocessing for improved medical facilities that are required by a big population base. Due to the expanding biopharmaceutical industry and rising demand for drugs and vaccines, China had the lion's share of the market share in the Asia Pacific region. Among China's most dynamic economic sectors, the biopharmaceutical sector is characterized by a constant revolution driven by cutting-edge biopharmaceutical technology and procedures.
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Report ID: SQMIG35H2109