Measurement Technologies in Downstream Processing Market Size (2024 - 2029)

The measurement technologies in downstream processing are crucial for enhancing the understanding and optimization of bioprocessing, significantly contributing to the efficiency and accuracy of these processes. The market size is expected to expand due to the pharmaceutical industry's growth and the increasing adoption of advanced measurement technologies. This expansion is further driven by the rising demand for biopharmaceuticals, spurred by the growing prevalence of chronic diseases. However, challenges such as a shortage of skilled professionals and the high cost of devices may hinder the market's growth trajectory.

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Market Size of Measurement Technologies in Downstream Processing Industry

Measurement Technologies in Downstream Processing Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Measurement Technologies in Downstream Processing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Measurement Technologies in Downstream Processing Market Analysis

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.

Measurement Technologies in Downstream Processing Industry Segmentation

Downstream processing is purification and recovery of biosynthetic products, particularly pharmaceuticals from the crude preparations such as fermentation broths and plants. The main measurement products include sensors, transmitters and controllers, reagents and buffers among others.

By Product
Sensors
Transmitters and Controllers
Buffers and Standard Reagents
Others
By Usage
Single-Use
Reusable
By End-User
Pharma and Biopharmaceutical Companies
Contract Manufacturing Organizations
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Measurement Technologies in Downstream Processing Market Size Summary

The measurement technologies in downstream processing market is experiencing significant growth, driven by advancements in realtime measurement technologies that enhance the efficiency and accuracy of bioprocessing. These technologies are crucial for optimizing pharmaceutical manufacturing processes, particularly in the production of biopharmaceuticals used to treat chronic diseases such as cancer, cardiovascular conditions, and diabetes. The increasing prevalence of these diseases is fueling demand for biopharmaceuticals, thereby boosting the market for measurement technologies. However, challenges such as a shortage of skilled professionals and the high cost of advanced devices may hinder market expansion. The market is also seeing a rise in the adoption of digital and wireless communication technologies, which are facilitating the development and launch of novel sensors, further propelling market growth.

The market is characterized by a significant share of single-use measurement technologies, which are favored for their ease of use, cost-effectiveness, and broad application range. The Asia Pacific region is poised for lucrative growth due to the presence of contract manufacturing and bioprocessing players, alongside increasing investments in research and development. North America is also expected to see notable growth, supported by rising R&D investments in drug development and the presence of key market players. The global market is moderately fragmented and competitive, with major companies like PendoTECH, LLC, Thermo Fisher Scientific, Mettler Toledo, Hamilton Company, and Endress+Hauser Management AG focusing on product innovation and geographical expansion to strengthen their market positions.

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Measurement Technologies in Downstream Processing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand for Continuous Measurement of Quality in Bio processing

      2. 1.2.2 Advancements in Measurement Technologies

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Professionals

      2. 1.3.2 High Price of Measurement Solutions

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Sensors

      2. 2.1.2 Transmitters and Controllers

      3. 2.1.3 Buffers and Standard Reagents

      4. 2.1.4 Others

    2. 2.2 By Usage

      1. 2.2.1 Single-Use

      2. 2.2.2 Reusable

    3. 2.3 By End-User

      1. 2.3.1 Pharma and Biopharmaceutical Companies

      2. 2.3.2 Contract Manufacturing Organizations

      3. 2.3.3 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Measurement Technologies in Downstream Processing Market Size FAQs

The Measurement Technologies in Downstream Processing Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

Hamilton Company, Thermo Fisher Scientific, Mettler Toledo, Endress+Hauser Management AG and PendoTECH are the major companies operating in the Measurement Technologies in Downstream Processing Market.

Measurement Technologies in Downstream Processing Report Snapshots

Measurement Technologies in Downstream Processing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)