Market Trends of Measurement Technologies in Downstream Processing Industry
This section covers the major market trends shaping the Measurement Technologies in Downstream Processing Market according to our research experts:
Sensors 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.
