The most recent study conducted by Report Ocean, titled “Global Measurement Technology in Downstream Processing Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Measurement Technology in Downstream Processing. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Measurement Technology in Downstream Processing Market to reach USD $ billion by 2027.Global Measurement Technology in Downstream Processing Market is valued at approximately USD $ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2021-2027. Downstream processing (DSP) is engaged in the separation and refinement of mixtures of components. In its simplest definition, DSP encompasses a toolbox of separation techniques designed to achieve mass transfer phenomena, converting mixtures of substances into subsets of mixtures or fractions.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Increasing demand for high precision, for continuous feedback sensors in bioprocessing, mergers & acquisitions between companies has led to the adoption of Measurement Technology in Downstream Processing across the forecast period. For Instance: In April 2021, Thermo Fisher Scientific Acquired PPD, Inc., a leading Clinical Research Organization to further expand service offerings to pharma and biotech customers. Also, with the rising demand from pharmaceutical & biotechnology, the adoption & demand for Measurement Technology in Downstream Processing is likely to increase the market growth during the forecast period. However, high failure rates in conventional sensors impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Measurement Technology in Downstream Processing market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the significant region across the world in terms of market share owing to the investment in biologics market, increase in research and development programs, Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2021-2027. Factors such as shift of investment in R&D and technology, especially in the life sciences, from North America and Europe to Asia Pacific would create lucrative growth prospects for the Measurement Technology in Downstream Processing market across Asia-Pacific region.
Major market players included in this report are:
Mettler-Toledo International Inc.
Applikon Biotechnology Inc.
Sartorius AG
Broadley-James Corporation
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Thermo Fisher Scientific Inc.
Hamilton Company
Waters Corporation
PreSens Precision Sensing GmbH
PendoTECH LLC
Endress+Hauser AG
Thermo Fisher Scientific Inc.
Hamilton Company
Waters Corporation
PreSens Precision Sensing GmbH
PendoTECH LLC
Endress+Hauser AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Sensors
Sensor Housings
Transmitters & Controllers
Cables & Connectors
Buffers & Reagents
By End-Use:
Pharmaceutical & Biotechnology Companies
Food & Beverage Companies
Contract Manufacturing Organizations
Academic & Research Institutes
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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