Measurement Technologies in Downstream Processing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Measurement Technologies in Downstream Processing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Realtime technologies for the measurement of bioprocessing in downstream processing plays a vital role in advancing basic understanding of the process and further helps in optimization. The measurement technologies have advanced at a rapid pace over the years and made downstream processes very efficient and accurate. The growth of the pharmaceutical industry coupled with the growing adoption of advanced measurement technologies in downstream processing anticipated to boost the market growth over the forecast period. In addition, the growing prevalence of chronic diseases such as cancer, cardiovascular and diabetes has increased the demand for the biopharmaceuticals and further increased the demand for the sensors and further fuel the market growth. According to Cancer Research UK, new cancer cases may increase to 28 million yearly by 2040 compared to 17 million in 2018. However, the lack of skilled professionals and the high cost of the devices are expected to impede the market growth over the forecast period.

Key Market TrendsSensors are Anticipated to Have Significant Share

Sensors play a vital role in the realtime measurement of the parameters and help the manufacturers in optimizing the process and maintaining the quality of the end products. The advancements in the sensor technologies and new product launches are anticipated to boost the market growth over the forecast period. Also due to the advent of digital technologies and wireless communications, the novel sensors are being launched in the market and further fuelling the market growth.

Among the usage segment, single-use measurement technologies anticipated to have significant share owing to ease of use, elimination of standardization steps and lower cost. Moreover, the wide range of applications of single-use measurement technologies anticipated to boost the market growth over the forecast period.

Moreover, downstream processing is used in the purification of monoclonal antibodies which are used in the treatment of many chronic diseases such as cancer. Increasing prevalence of chronic diseases and biopharmaceutical drug approvals are anticipated to boost the overall market growth.

The Asia Pacific Anticipated to Have Significant Market Growth

The Asia Pacific is anticipated to have lucrative market growth due to the presence of contract manufacturing and bioprocessing market players coupled with growing investments in research and development. Moreover, the continuous efforts by the pharma and biotechnology companies to strengthen infrastructure and improve the quality of the end products is anticipated to boost the adoption of advanced measurement technologies. Moreover, North America expected to have notable growth over the forecast period. The growth is attributed to increasing R&D investments in drug development, advancements in measurement technologies, new product launches and presence of key market players.

Competitive Landscape

Global measurement technologies in downstream processing market is moderately fragmented and competitive. Market players are focusing on new product launches, product innovations and geographical expansion. The key market players operating in the market include PendoTECH, LLC, Thermo Fisher Scientific, Mettler Toledo, Mettler Toledo, Hamilton Company and Endress+Hauser Management AG among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

PendoTECH, LLC
Thermo Fisher Scientific
Mettler Toledo
Hamilton Company
Endress+Hauser Management AG
optek
Danulat GmbH
Hamilton Company
Broadley
James
Applikon Biotechnology BV
PreSens Precision Sensing GmbH

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