According to a recent market study by Future Market Insights, the global Measurement Technology in Downstream Processing Market was valued at US$ 5.0 billion in 2022 and is projected to expand to US$ 7.2 billion by 2028, with a CAGR of 6.1%.
As the frequency of chronic diseases including cancer, diabetes, and cardiovascular disease has increased over the past several years, there has been a constant increase in the need for improved sensor technology on a global scale. The manufacturing of sensor products has become necessary due to the rise in demand for biopharmaceuticals, and this is projected to have a favourable effect on the revenue growth of the global market for measurement technology in downstream processing.
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Future Market Insights presents a comprehensive forecast of the global market for measurement technology in downstream processing in a new report titled “Measurement Technology in Downstream Processing Market: Global Industry Analysis (2017 – 2021) & Opportunity Assessment (2022 – 2028).” Besides a historical market valuation for the period 2017 to 2021 and detailed revenue projections for the period 2022 to 2028, the report also provides useful information on the key market dynamics – growth drivers, revenue inhibitors, current and predicted market trends, as well as opportunities for manufacturers – with an objective to provide the report audience with pertinent qualitative and quantitative insights on the market.
Sensors Dominant Product Type in the Global Measurement Technology in Downstream Processing Market
The global measurement technology in downstream processing market is segmented on the basis of product type into Sensors, Transmitters and Controllers, Sensor Housings, Cables and Connectors, and Buffers and Standard Reagents. Sensors are the widely adopted product type with an increased market share throughout the forecast period. Conductivity sensors and cell density sensors are two of the fastest growing sensor types. In 2022, the market volume of the sensors segment was pegged at 4,165.4 (‘000 units) and this is expected to increase to 8,094.9 (‘000 units) by 2028 end.
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Single Use to Remain the Most Preferred Modality in the Global Measurement Technology in Downstream Processing Market
On the basis of modality, the global market is segmented into Single Use and Reusable. The single use segment is the fastest growing modality type with a CAGR of 6.9%.
Biopharmaceutical Companies the Fastest Growing End Users of Measurement Technology in Downstream Processing
The global market for measurement technology in downstream processing is segmented based on end user into Biopharmaceutical Companies, Food & Beverage Companies, Contract Manufacturing Organisations, Contract Research Organisations, Academic and Research Institutes, and Others. Biopharmaceutical companies are the largest end users of measurement technology in downstream processing, and this segment is slated to register a CAGR of 7.2% during the forecast period – the highest among all the end user segments of the global market. Food & beverage companies are the second largest end users of measurement technology in downstream processing, and this segment is expected to reach a market valuation of US$ 2,273.2 Mn by 2027 end.
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Western Europe Largest Regional Market for Measurement Technology in Downstream Processing
The report studies the performance of the global measurement technology in downstream processing market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. The Western Europe regional market is the largest in terms of revenue, with an estimated market valuation to the tune of US$ 2,677.1 Mn by the end of 2027. However, the Asia Pacific Excluding Japan measurement technology in downstream processing market is projected to witness the fastest growth rate of 8.3% between 2017 and 2027.
Major Key Players:
- Applikon Biotechnology Inc.
- Sartorius AG
- Broadley-James Corporation
- Thermo Fisher Scientific Inc.
- Hamilton Company
- Waters Corporation
- PreSens Precision Sensing GmbH
- PendoTECH LLC
- Endress+Hauser AG
- Mettler-Toledo International Inc.
- Metroglas AG
- Madison
- YSI
- Evoqua
- Sensorex
- Forbes
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Measurement technology in downstream processing market by Category
By Product
- Sensors
- pH Sensors
- Optical
- Electrochemical
- DO Sensors
- Optical
- Eelctrochemical
- Conductivity Sensors
- Cell Density Sensors
- pH Sensors
- Sensor Housings
- Transmitters & Controllers
- Cables & Connectors
- Buffers & Reagents
By Modality
- Single-use
- Reusable
By End User
- Pharmaceutical & Biotechnology Companies
- Food & Beverage Companies
- Contract Manufacturing Organizations
- Academic & Research Institutes
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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