Process Analytical Technology Market Overview by Thermo Fisher Scientific Inc., Danaher Corporation, Carl Zeiss AG, ABB Ltd., Perkinelmer, Inc., Shimadzu Corporation, Emerson Electric Co. to 2023 for Pharmaceutical and Biopharmaceutical Manufacturers
Growth in process analytical technology market is primarily driven by factors such as government regulations on drug safety, need for manufacturing process efficiency leading to quality improvement, and technological advancements in analytical devices. Product launches was the dominant strategy adopted by key industry participants to increase their market share and cater to unmet needs.
The global process analytical technology market is poised to reach USD 3.30 Billion by 2021 from USD 1.77 Billion in 2016, at a CAGR of 13.3% from 2016 to 2021. Process Analytical Technology (PAT) is a system for designing, analysing and controlling pharmaceutical manufacturing processes through measurements of critical quality and performance attributes of raw and processed materials to ensure final product quality, idea of which is to become more efficient while reducing over-processing, enhancing efficiency and minimizing waste.
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The process analytical technology market is dominated by established players such as Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bruker Corporation (U.S.), and PerkinElmer, Inc. (U.S.).
1 Process Analytical Technology: Market Overview
2 Geographic Analysis: Market, By Technique (2016)
3 Market Size, By Product, 2017 vs 2021
4 Market Size, By End User, 2017 vs 2021
5 Market Geographic Growth Opportunities
The report also offers process analytical technology market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments. The competitive landscape covers growth strategies adopted by industry players in the last three years.
More Information on “Process Analytical Technology Market by Technique (Spectroscopy, Chromatography), Measurement (On-Line, In-Line, At-Line), Products and Services (Analyzers, Probes & Sensors), End - User (Pharmaceutical Manufacturers, CRO & CMO) - Global Forecast to 2021” Report at https://www.reportsnreports.com/purchase.aspx?name=880865 .
In recent years, the Asia-Pacific market for process analytical technology has witnessed a significant growth. Strategic expansions by key market players in emerging Asian countries; the growing Contract Research and Manufacturing services (CRAMs) industry in India, Korea, Singapore, and China; the large biopharmaceutical industry in Singapore; and conferences, exhibitions, and meetings on analytical instruments are some key factors fueling the growth of the Asia-Pacific market.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products offered by the top players in the process analytical technology market
• Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the process analytical technology market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for process analytical technology products across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the process analytical technology market
• Competitive Assessment: In-depth assessment of market ranking, strategies, products, and manufacturing capabilities of the leading players in the process analytical technology market.
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