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FOR
IMMEDIATE RELEASE
October
18, 2004.
Increased
Emphasis on Downstream Processing Key Trend in Biopharmaceuticals
Market.
London,
UK - October 18th, 2004 - The reduced efficacy of existing drugs
and a lack of treatments for many new diseases are expected to drive
expansion in the biopharmaceuticals market. To benefit from this
opportunity, participants must focus on improving the competence
of downstream processing, which has been a long-standing time-scale
and technology bottleneck in an otherwise efficient manufacturing
process.
Limited
investment and lack of innovation in downstream processing accounts
for 40 per cent of biopharmaceutical production expenses and result
in costly delays.
New
analysis from Frost & Sullivan (www.biotech.frost.com), World
Strategic Analysis of Downstream Processing in Biopharmaceuticals
Production, reveals that the contract manufacturing revenue in this
market totalled USD 3.8 billion in 2004 and is projected to reach
USD 9.2 billion in 2010.
Historically,
there has been a lack of interest in downstream processing in comparison
to upstream technologies. However, these issues are now being addressed
through the development of innovative technologies by new investors
and the existing multinationals.
"Trends
include a move toward high-throughput membrane chromatography systems
and the provision of integrated technology solutions," says
Frost & Sullivan Research Analyst Phil Webster. "Participants
are investing in increased volumetric throughput of apparatus and
automated systems to increase production efficiency."
The
cost of installing or developing in-house downstream systems and
staying abreast of technology developments is encouraging drug discovery
firms to outsource different stages of manufacturing of their procedures.
As a result, contract manufacturing organisations (CMOs) are gaining
prominence.
CMOs,
in turn, are developing their own infrastructure to offer improved
facilities for gaining a foothold in an increasingly competitive
market. Due to this, investment in R&D is also expected to increase.
Another
market driver is the growing competition for benchmark apparatus
and consumables in the biopharmaceuticals market. This is compelling
participants to develop original technologies to out-perform existing
systems. Participants are also forming tactical alliances with other
technology providers to provide end users with enhanced integrated
solutions.
The
Strategic Analysis of Downstream Processing in Biopharmaceuticals
Production is a part of the Biotechnology subscription. The study
offers a comprehensive overview of downstream processing technology
dynamics and the worldwide CMO market. It also provides in-depth
information on industry trends, revenue forecasts, market drivers,
and challenges that is anticipated to help participants in effectively
identifying and capitalising on growth opportunities. Analyst interviews
are available to the press.
If
you are interested in an analysis overview providing summary, challenges
and latest trends in Downstream Processing in Biopharmaceuticals
Production - then send an email to Katja Feick -Corporate Communications
at katja.feick@frost.com with the following information: Full name,
Company Name, Title, Contact Tel Number, Email. Upon receipt of
the above information, an overview will be emailed to you.
Background
Frost & Sullivan, an international growth consultancy, has been
supporting clients' expansion for more than four decades. Our market
expertise covers a broad spectrum of industries, while our portfolio
of advisory competencies includes custom strategic consulting, market
intelligence, and management training. Our mission is to forge partnerships
with our clients' management teams to deliver market insights and
to create value and drive growth through innovative approaches.
Frost & Sullivan's network of consultants, industry experts,
corporate trainers, and support staff spans the globe with offices
in every major country.
CONTACTS:
Europe:
Katja Feick
Public Relations Manager
P: +44 (0) 20 7915 7856
F: +44 (0) 20 7730 3343
E: katja.feick@frost.com |
Americas:
Danielle White
Media Relations Executive, Healthcare
Frost & Sullivan
P: 210.247.2403
F: 210.348.1003
E: dwhite@frost.com |
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