The global measurement technology in downstream processing market, valued at US$ 5.0 billion in 2022, is poised for substantial growth, with projections indicating it will reach US$ 7.2 billion by 2028. These insights come from a recent market survey conducted by Future Market Insights, a leading market research firm.
The surge in chronic illnesses such as cardiovascular diseases, cancers, and diabetes worldwide has led to significant investments in the biologics market. Biologics, known for their higher efficacy and fewer side effects compared to traditional small molecule drugs, have seen a surge in demand. This demand has, in turn, propelled the need for biopharmaceutical production, consequently increasing the preference for purified biopharmaceutical products. This trend is driving the demand for purification technologies in the modified therapeutic products market.
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The compound annual growth rate (CAGR) for the measurement technology in downstream processing market is estimated at 6.1%, reflecting the rapid pace of expansion and innovation within the industry. Companies operating within this market are expected to witness significant opportunities for growth and development as they cater to the escalating demand for advanced purification technologies.
“The increasing prevalence of chronic diseases and the growing preference for biologics are reshaping the pharmaceutical landscape,” stated a spokesperson for Future Market Insights. “As a result, there is a pressing need for sophisticated measurement technologies in downstream processing to ensure the production of high-quality biopharmaceutical products.”
Key players in the measurement technology in downstream processing market are anticipated to focus on research and development initiatives to introduce innovative solutions that address the evolving needs of the biopharmaceutical industry. Additionally, strategic collaborations and partnerships are likely to emerge as prominent strategies to strengthen market foothold and expand global presence.
High failure rates in conventional sensors are a major factor hindering the growth of the measurement technology in downstream processing market.
- Limited Use in Large-Scale Applications: Conventional sensors, like electrochemical DO probes, are unreliable for large-scale downstream processing due to frequent failures. This is because process liquids interacting with the sensor membrane can cause buildup, leading to malfunction.
- Impact on Product Quality Assurance: Since these sensors play a crucial role in monitoring and maintaining process conditions, their failure can negatively impact product quality.
- Disruption of Bioprocessing Operations: Sensor failure disrupts the stability of bioprocessing operations, potentially extending manufacturing cycle times and increasing capital costs due to troubleshooting and replacements.
In essence, the unreliability of conventional sensors creates a roadblock for the measurement technology market in downstream processing.
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Major Key Players:
- Applikon Biotechnology Inc.
- Sartorius AG
- Broadley-James Corporation
- Thermo Fisher Scientific Inc.
- Hamilton Company
- Waters Corporation
- PreSens Precision Sensing GmbH
- PendoTECH LLC
- Endress+Hauser AG
- Mettler-Toledo International Inc.
- Metroglas AG
- Madison
- YSI
- Evoqua
- Sensorex
- Forbes
Measurement technology in downstream processing market by Category:
By Product:
- Sensors
- pH Sensors
- Optical
- Electrochemical
- DO Sensors
- Optical
- Eelctrochemical
- Conductivity Sensors
- Cell Density Sensors
- pH Sensors
- Sensor Housings
- Transmitters & Controllers
- Cables & Connectors
- Buffers & Reagents
By Modality:
- Single-use
- Reusable
By End User:
- Pharmaceutical & Biotechnology Companies
- Food & Beverage Companies
- Contract Manufacturing Organizations
- Academic & Research Institutes
- Others
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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