PUBLISHER: SkyQuest | PRODUCT CODE: 1458105
PUBLISHER: SkyQuest | PRODUCT CODE: 1458105
Global downstream processing market size was valued at USD 30.98 billion in 2022 and is poised to grow from USD 35.69 billion in 2023 to USD 110.79 billion by 2031, at a CAGR of 15.21% during the forecast period (2024-2031).
In downstream processing, biosynthetic products, particularly pharmaceuticals, are extracted and refined from natural sources such as fermentation broth, plant tissues, and animal tissues. This process involves not only the safe disposal of waste but also the recycling of reusable components. It serves as a crucial step in the production of drugs like hormones, vaccines (such as insulin and human growth hormone), antibodies (like infliximab and abciximab), and antibiotics. For example, in April 2022, Merck and Wuxi National High-tech Industrial Development Zone entered into a collaboration agreement, leading to the expansion of Merck's manufacturing plant in Wuxi, Jiangsu Province, China. Downstream processing encompasses various procedures to treat the product, including cell separation, filtration, product recovery, extraction, and purification, utilizing chemical, physical, and biological techniques. It results in the creation of biological and pharmaceutical products such as vaccines, recombinant proteins and enzymes, antibiotics, antibodies, hormones, diagnostic enzymes, industrial enzymes, as well as natural fragrance and flavor compounds. Several factors are driving the global demand for biopharmaceuticals, including expanding bioprocessing capacity, increasing acceptance of single-use technology in bioprocessing, rising R&D spending in pharmaceutical companies, and growing demand in the biopharmaceutical market. Despite the promising outlook, the Global Downstream Processing Market encounters challenges that could impede its growth, including the high cost of downstream processing equipment and consumables. This initial capital investment might be prohibitive for smaller biotech firms and startups, potentially limiting market expansion. Nevertheless, advancements in chromatography and filtration techniques are improving the efficiency and scalability of downstream processing, making it more cost-effective. Additionally, the trend towards single-use and disposable technologies in biomanufacturing is simplifying downstream processes, reducing the risk of cross-contamination, and accelerating production, thus driving market growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the global downstream processing market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Downstream Processing Market Segmental Analysis
The global downstream processing market is segmented based on product, technique, application and region. By product, the market is segmented into chromatography systems, filters, evaporators, centrifuges, and dryers. By technique, market is segmented into cell disruption, solid-liquid separation, concentration, purification by chromatography, and formulation. By application, the market is segmented into antibiotic production, hormone production, antibodies production, enzyme production, and vaccine production. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global Downstream Processing Market
The demand for biopharmaceuticals, including monoclonal antibodies, vaccines, and recombinant proteins, has been consistently increasing. Downstream processing is essential for purifying and isolating these intricate biological products, guaranteeing their safety and effectiveness. With the continuous expansion of the biopharmaceutical industry, there is a growing need for downstream processing technologies and equipment.
Restraints in the Global Downstream Processing Market
Every biopharmaceutical product possesses distinct characteristics, including size, charge, solubility, and stability, which can pose challenges during downstream processing. Certain products may have low yields, undergo challenging purification, or be prone to degradation throughout purification stages. Creating customized downstream processes for individual products and tackling product-specific obstacles can be intricate and demand substantial expertise and optimization endeavors.
Market Trends of the Global Downstream Processing Market
Process intensification entails enhancing downstream processing operations to attain higher productivity, enhanced yield, and decreased processing durations. Continuous manufacturing methods, such as continuous chromatography and continuous centrifugation, are becoming increasingly popular due to their ability to facilitate real-time monitoring, process control, and heightened process efficiency. These trends aim to simplify and abbreviate the entire downstream processing timeline, resulting in amplified productivity and cost reductions.