Market Size of Measurement Technologies in Downstream Processing Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
