The global measurement technology in downstream processing market, valued at USD 5.0 billion in 2022, is on track for substantial growth. According to a recent survey by Future Market Insights, the market is expected to reach USD 7.2 billion by 2028, expanding at a compound annual growth rate (CAGR) of 6.1%.
This growth is driven by the increasing prevalence of chronic illnesses such as cardiovascular diseases, cancer, and diabetes, which have spurred significant investments in biologics. Biologics, known for their enhanced efficacy and fewer side effects compared to traditional small molecule drugs, have experienced a surge in demand. Consequently, this demand has boosted biopharmaceutical production and heightened the need for purified biopharmaceutical products. As a result, purification technologies in the modified therapeutic products market have become a crucial component of the industry.
A Future Market Insights remarked, “The increasing prevalence of chronic diseases and the growing preference for biologics are reshaping the pharmaceutical landscape. As a result, there is a pressing need for sophisticated measurement technologies in downstream processing to ensure the production of high-quality biopharmaceutical products.”
The rapid pace of innovation and expansion in the measurement technology in downstream processing market offers significant opportunities for companies to develop advanced purification technologies. Industry leaders are anticipated to focus heavily on research and development initiatives to meet the evolving needs of the biopharmaceutical industry. Furthermore, strategic collaborations and partnerships are likely to emerge as key strategies for expanding market presence and solidifying positions in the global marketplace.
As the demand for biologics continues to rise, key players in the measurement technology market are set to capitalize on the industry’s growth potential, positioning themselves to drive innovation and maintain a competitive edge in this rapidly evolving landscape.
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
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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