The latest market report published by Credence Research, Inc. “High Throughput Process Development Market – Growth, Future Prospects, Competitive Analysis, 2017 – 2025,” the global high throughput process development market was valued at US$ 10,267.8 Mn in 2016, and is expected to reach US$ 24,600.7 Mn by 2025 decreasing at a CAGR of 9.55% from 2017 to 2025.
Browse the full report High Throughput Process Development Market – Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/high-throughput-process-development-market
Market Insights:
The major stage that needs to be understood at the early development stages is the drug purification which is essential for the drug discovery and development. Proper product development protocols need to be generated in order to prevent the use of methods and materials that are hazardous or too expensive during product manufacturing. The protocols for drug development should be in consensus with the regulatory norms for early clearance.
In 2016, instruments held the largest market share in the products segment chiefly due to factors such as technological advancement in the automation techniques, and huge application in the biopharmaceuticals, contract research organization and research institutes. Consumables and reagents segment will be progressing at a faster growth rate throughout the forecast period 2017-2025. Factors contributing to the growth of this segment are steadily increasing number of diagnostic centers and rising prevalence of chronic diseases.
In base year 2016, the upstream process held the largest market share among the considered progress types primarily due to optimization of growth kinetics for enhanced product development and improvement in the inoculum by genetic engineering. Downstream process will be the fastest growing market throughout the forecast period 2017-2025 due to sanctions of stringent regulatory guidelines by the USFDA for effective purification of active metabolites as several incidents have been reported regarding the biological drugs related serious adverse events.
In 2016, monoclonal antibodies dominated the molecule type segment mainly due to factors such as rising adoption of targeted immunotherapy and its production is scalable and highly reproducible. Vaccines will be the fastest growing segment throughout the forecast period 2017-2025, due to rising incidence of contagious diseases requiring prophylaxis and disease prevention and vaccines are helpful in the preventing the greater cost incurred while treating the infectious diseases.
Geographically, North America held the largest revenue share mainly due to factors such as prevailing established market of biopharmaceutical giants, high government spending in developing the R&D centers, and existence of well-developed research and healthcare institutions. Asia Pacific will be the fastest growing market throughout the forecast period 2017-2025. Factors such as rising prevalence of chronic diseases requiring immediate medical intervention, supportive regulatory environment for high throughput process development products and increasing disposable incomes are expected to drive the Asia Pacific market.
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Key Market Movements:
- Rising prevalence of chronic diseases
- Increasing public health awareness resulting in higher demand for effective diagnosis and treatment
- Burgeoning requirement for reducing the gap in the biological drug candidate clinical trials and manufacturing
- Supportive regulatory environment for high throughput process development products
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