Downstream Processing Market | Key Factors Impacting The Global Growth

The global downstream processing market is projected to reach USD 22.03 Billion by 2021 from USD 10.32 Billion in 2016, at a CAGR of 16.4% from 2016 to 2021. In this report, the global market is broadly segmented on the basis of technique, product, application, end user, and region.

Major factors driving the growth of the market are increasing R&D expenditure in the biopharmaceutical industry and increasing demand for biopharmaceuticals. However, the need for skilled professionals and the high cost of instruments are expected to restrain the growth of this market. On the other hand, patent expiration of blockbuster biopharmaceutical products represents significant growth opportunities for the key players in the market.

On the basis of product, the market is broadly classified into chromatography columns and resins, membrane adsorbers, single-use products, filters, and other products (consumables and accessories). The chromatography columns and resins segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the constant need for newer and different types of columns and resins.

On the basis of technique, the downstream processing market is segmented into purification, solid-liquid separation, and clarification/concentration. In 2016, the purification segment accounted for the largest share of the market. This high growth is attributed to the need for highly pure biopharmaceutical products to meet the regulatory standards, as downstream purification plays a significant role in enhancing the purity and quality of products aiding the growth of the purification market.

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