Report ID: SQMIG35H2109
Report ID:
SQMIG35H2109 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
67 |
Figures:
77
Downstream Processing Market size was valued at USD 35.69 Billion in 2023 and is poised to grow from USD 41.12 Billion in 2024 to USD 127.64 Billion by 2032, growing at a CAGR of 15.21% during the forecast period (2025-2032).
In downstream processing," biosynthetic products, primarily pharmaceuticals, are recovered and purified from natural sources such as fermentation broth, plant tissues, and animal tissues. Along with the safe treatment and disposal of garbage, it also involves recycling reusable parts. In the production of drugs like hormones, vaccines (like insulin and human growth hormone), antibodies (like infliximab and abciximab), and antibiotics, it is an essential step. For instance, Merck and Wuxi National High-tech Industrial Development Zone reached a collaboration agreement in April 2022. The scale of Merck's manufacturing plant in Wuxi, Jiangsu Province, China, will be increased in compliance with the terms of the agreement. The production of commercial enzymes, flavourings, and natural perfumes also depends on it. In downstream processing, a variety of procedures are used to treat the product, including cell separation, filtration, product recovery, extraction, and purification, as well as treatment utilising chemical, physical, and biological techniques. The creation of biological and pharmaceutical goods such as vaccines, recombinant proteins and enzymes, antibiotics, antibodies, hormones, diagnostic enzymes, industrial enzymes, and natural fragrance and flavour compounds results from downstream processing. Expanding bioprocessing capacity, greater single-use technology acceptance in bioprocessing, rising R&D spending in pharmaceutical companies, and rising biopharmaceutical market demand are the primary factors driving the global market demand for biopharmaceuticals. For instance, the biopharmaceuticals sector of the global market is consistently growing.
The Global Downstream Processing Market is poised for substantial growth due to several key factors. Firstly, the increasing demand for biopharmaceuticals and biotechnology products is a significant driver. As the biopharmaceutical industry continues to expand, downstream processing technologies play a pivotal role in the purification and production of biotherapeutic products, driving the demand for downstream processing solutions.
However, Despite the promising growth prospects, the Global Downstream Processing Market faces challenges that could hinder its expansion. One such challenge is the high cost associated with downstream processing equipment and consumables. The initial capital investment required for setting up downstream processing facilities can be prohibitive for smaller biotech companies and startups, potentially limiting market growth.
Nevertheless, advancements in chromatography and filtration techniques are enhancing the efficiency and scalability of downstream processing, making it more cost-effective. Moreover, the growing trend towards single-use and disposable technologies in biomanufacturing is simplifying downstream processes, reducing the risk of cross-contamination, and accelerating production, further propelling market growth.
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Report ID: SQMIG35H2109