Downstream Processing Market to be worth USD 45.49 Billion By 2027 | Reports and Data – GlobeNewswire

November 30, 2020 21:00 ET | Source: Reports and Data

New York, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The Global Downstream Processing Market is forecast to reach USD 45.49 Billion by 2027, according to a new report by Reports and Data. Due to the increased biological penetration and macromolecules, the global downstream processing market is projected to expand rapidly. Furthermore, the increasing demand for biopharmaceutical products is anticipated to further boost market growth over the forecast timeline.

The rise in gene therapy and genetic engineering advancements is likely to augment market growth in the analysis period. The modern type of pharmaceuticals known as biopharmaceuticals has been born with the advent of genetic engineering instruments. There are medication compounds that are synthesized in mammalian cell systems that have therapeutic benefits. A popular model instance of biopharmaceutical medications, such as recombinant insulin, is widely available commercially for diabetic patients internationally at cheap rates. The creation of these medicinal compounds varies from medicines of low molecular weight that are chemically synthesized. Downstream processing costs 70.0% of a given biopharmaceutical's overall manufacturing expense, primarily due to costly chromatographic strategies like affinity, hydrophobic interaction, ion exchange, and exclusion of scale.

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The COVID-19 Impact:

The spread of the COVID-19 infection has influenced industrial activities worldwide. Over the past few months, the market has witnessed a downturn that can predictably continue for the coming months. The outbreak led to the implementation of lockdown, which disrupted the workings of the asset management program as the healthcare sector witnessed a collapse in several countries. They were loaded with patients infected by the coronavirus. Millions of people were infected, and thousands of them died, including the healthcare staff. Although the market suffered a major setback at the time, the industry is bouncing back as there is a greater need for better management and upgrading the medical sector.

Further key findings from the report suggest

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For the purpose of this report, Reports and Data has segmented the Global Downstream Processing Market on the basis of product, method, application, end-user, and region:

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/downstream-processing-market

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Downstream Processing Market to be worth USD 45.49 Billion By 2027 | Reports and Data - GlobeNewswire