According to FutureWise analysis the market for downstream processing in 2023 is US$ 27.35 billion, and is expected to reach US$ 65.34 billion by 2031 at a CAGR of 11.5%.
Purification and recovery of biosynthetic products, particularly medicines, from natural sources such as animal or plant tissues or fermentation broth is referred to as downstream processing. Downstream processing also includes the proper treatment and disposal of trash, as well as the recycling of salvageable components. Antibiotics, antibodies, hormones like insulin, vaccinations, and industrial enzymes are all manufactured using downstream processing. The downstream processing procedure is divided into five stages: solid-liquid separation, intracellular product release, concentration, purification using chromatography, and formulation. The proliferation of infectious diseases such as hepatitis, dengue fever, and swine flu is fuelling the growth of the downstream processing industry, as there is a high demand for effective vaccinations for such deadly diseases. The biotechnology industry relies heavily on downstream processing to extract and purify biological products. As a result, the isolation of biological products has aided the pharmaceutical industry's overall progress. Sales of biotechnology products have also increased significantly, contributing to the market's expansion. The development of innovative ways for bioprocessing antibodies has aided the market's expansion. For example, in June 2018, Novasep released a downstream processing tool for monoclonal antibodies, recombinant proteins, and blood factors that combines batch and continuous chromatography. The biotechnology industry has recently experienced unprecedented expansion, which has pushed the worldwide downstream processing market to new heights.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Downstream Processing Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Downstream Processing Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.