Global Downstream Processing Market
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Global Downstream Processing Market was valued US$ 12.07 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The rapid growth of the biotechnology sector is one of the key trends boosting the demand for downstream processing market. This is majorly due to the high adoption of biotech processes in the pharmaceutical, agricultural, and bio-services industries. In addition, developments in the field of gene therapy and genetic engineering are estimated to propel the market during the forecast period. The high cost of instruments used in downstream processing is expected to restrain the growth of the market. On the other hand, patent expiration of blockbuster biopharmaceutical products represents significant growth opportunities for the key players in the downstream processing market.
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Last Update : 27 September 2021 12:07 PM
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