In a recent published report, Kenneth Research has updated the market report for Downstream Processing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Downstream Processing Market products.
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The global Downstream ProcessingMarketwas valued at USD 10.21 billion in 2016 and is projected to reach USD 39.80billion by 2025, growing at a CAGR of 16.32% from 2017 to 2025.
Downstream processing refers to the recovery and purification of biosynthetic products, particularly pharmaceuticals, from natural sources such as animal or plant tissue or fermentation broth, including the recycling of salvageable components and the proper treatment and disposal of waste. With increasing demand of pharmaceutical services, the market is expected to grow in forecast period.
1. Market Drivers
1.1 Increasing R&D Expenditure in Biopharmaceutical Companies
1.2 Growing Demand for Biopharmaceuticals
2. Market Restraints
2.1 High initial cost and implementation expenditure
1. Global Downstream ProcessingMarket, by Application:
1.1 Monoclonal Antibody Production
1.2 Vaccines Production
1.3 Insulin Production
1.4 Immunoglobulin Production
1.5 Erythropoietin Production
1.6 Other Applications
2. Global Downstream ProcessingMarket, by End User:
2.1 Biopharmaceutical Manufacturers
2.2 Contract Manufacturing Organizations
3. Global Downstream ProcessingMarket, by Product:
3.1 Chromatography Columns and Resins
3.3 Membrane Adsorbers
3.4 Single-Use Products
3.5 Other Products
4. Global Downstream Processing Market, by Technique:
4.2 Solid-Liquid Separation
4.3 Purification Techniques
4.3.1 Gel Chromatography
4.3.2 Ion Exchange Chromatography
4.3.3 Affinity Chromatography
4.3.4 Hydrophobic Interaction Chromatography
5. Global Downstream Processing Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Thermo Fisher Scientific Inc.
2. GE Healthcare
3. Sartorius Stedim Biotech S.A.
4. Merck Millipore
5. Danaher Corporation
6. 3M Company
8. Lonza Group AG
9. Eppendorf AG
10. Finesse Solutions, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Downstream ProcessingMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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