Canada Downstream Processing Market Size & Outlook
Canada downstream processing market, 2018-2030 (US$M)
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Canada downstream processing market highlights
- The Canada downstream processing market generated a revenue of USD 1,056.4 million in 2023 and is expected to reach USD 3,259.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, chromatography systems was the largest revenue generating product in 2023.
- Filters is the most lucrative product segment registering the fastest growth during the forecast period.
Downstream processing market data book summary
| Market revenue in 2023 | USD 1,056.4 million |
| Market revenue in 2030 | USD 3,259.7 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Chromatography systems |
| Fastest growing segment | Filters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chromatography Systems, Filters, Evaporators, Centrifuges, Dryers |
| Key market players worldwide | Merck KGaA, Sartorius AG, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Danaher Corp, Repligen Corp, 3M Co, Boehringer Ingelheim, Corning Inc, Lonza Group Ltd, Dover Corp, Asahi Kasei Corp, Eppendorf |
Other key industry trends
- In terms of revenue, Canada accounted for 2.9% of the global downstream processing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. downstream processing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,259.7 million by 2030.
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Downstream Processing Market Scope
Downstream Processing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada downstream processing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to downstream processing market will help companies and investors design strategic landscapes.
Chromatography systems was the largest segment with a revenue share of 40.08% in 2023. Horizon Databook has segmented the Canada downstream processing market based on chromatography systems, filters, evaporators, centrifuges, dryers covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian downstream processing market is expected to grow owing to extensive R&D in the fields of biosimilars, vaccines, antibodies, and other biotherapeutics. For instance, the University of Toronto, Canada is focused on various research on enzymes, proteins, and microbes that produce them, so as to improve the commercial-scale production. Moreover, several local players are also engaged in expanding their footprints in the competitive markets.
For instance, Medicago, a Canadian biotechnology company involved in the manufacture of plant-based vaccines, started to build a new manufacturing facility in Québec, Canada. The facility is expected to be functional in 2019 and would be involved in the manufacture of vaccines for various clinical conditions.
This would boost the market growth during the forecast period as downstream processing is an important step during vaccine production. In addition, presence of agencies such as Public Health Authority of Canada, which are involved in providing information on bioprocessing techniques and systems, is driving the Canadian market.
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Our clientele includes a mix of downstream processing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada downstream processing market , including forecasts for subscribers. This country databook contains high-level insights into Canada downstream processing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada downstream processing market size, by product, 2018-2030 (US$M)
Canada Downstream Processing Market Outlook Share, 2023 & 2030 (US$M)
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