Downstream Processing Market Progressing At A CAGR Of 13.4% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 2 August 2019: The Report Downstream Processing Market Size, Share & Trends Analysis Report By Application (Antibodies, Antibiotic Production), By Product (Filters, Evaporators), By Technique, And Segment Forecasts, 2018 – 2025 The global downstream processing market size is expected to reach USD 39.37 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.4% during the forecast period. Rising demand for biopharmaceuticals coupled with rapid developments in biotechnology and bioprocess techniques are anticipated to escalate the growth of market during the forecast period. In addition, key industry players are striving to capitalize potential avenues in the market by addressing challenges faced during scale by various downstream processing techniques. This is also leading to an increase in R&D expenditure of major manufacturers towards bioprocessing techniques. Furthermore, expanding base of contract manufac