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.
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Market Dynamics:
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
Market Segmentation:
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
3.2 Filters
3.3 Membrane Adsorbers
3.4 Single-Use Products
3.5 Other Products
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4. Global Downstream Processing Market, by Technique:
4.1 Clarification/Concentration
4.2 Solid-Liquid Separation
4.2.1 Filtration
4.2.2 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
Competitive Landscape:
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
7. BoehringerIngelheim
8. Lonza Group AG
9. Eppendorf AG
10. Finesse Solutions, Inc.
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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.