The PROCESS ANALYTICAL TECHNOLOGY MARKET report, published by Market Research Future, enumerates information about the market in terms of market share, market size, revenue forecasts, and regional outlook.
Process Analytical Technology Market Information, by product (analyzer, samplers, probes), by application (Spectroscopy (Molecular, mass and atomic spectroscopy), Chromatography (Liquid, gas), Particle Size Analysis, Electrophoresis and others – Global Forecast to 2022
The new report from Market Research Future (MRFR) presents a detailed analysis of the Global Process Analytical Technology Market by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global process analytical technology market are assessed in detail in the report. The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global process analytical technology market are also studied in the report and projections are made for the growth trajectory of each distinct component. The various segments and sub-segments within the global process analytical technology market are studied in detail in the report. The study also makes a detailed analysis of the major players operating in the global process analytical technology market and provides a detailed look at the various competitive strategies employed by players in the global process analytical technology market. Likely future conditions with respect to the competitive landscape of the market are also explained in detail in the report.
Process analytical technology is used to monitor pharmaceutical manufacturing processes and maintain high performance standards in the same. Critical process parameters (CPP that affect the critical quality attributes (CQA) are monitored with process analytical technology. This helps bring about automation in pharmaceutical manufacturing processes, reduce manufacturing errors, and enhance manufacturing quality. The increasing demand for automation in pharmaceutical manufacturing is a major driver for the global process analytical technology market. Automation helps bring about the best in pharmaceutical manufacturing, as errors are reduced and quality standards are raised. Automation also allows pharmaceutical executives to keep a closer eye on the manufacturing processes and monitor more closely for potential mistakes and errors. This is likely to be the major driver for the global process analytical technology market over the forecast period.
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Competitive Analysis:
Leading players in the global process analytical technology market include Danaher Corporation, Agilent Technologies Inc., Thermo Fisher Scientific Inc., PerkinElmer Inc., and Bruker Corporation. Major players in the global process analytical technology market are likely to dominate the sector in the coming years due to the lack of competition from smaller upstarts. Established players are likely to enjoy a solid share in the global process analytical technology market over the coming years.
In November 2019, researchers at the Institute for Bioscience and Biotechnology Research (IBBR) in Maryland received two awards worth USD 1.1 million from the FDA and the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL). The awards were for the development of analytical methods for characterizing complex drugs and vaccines.
Segmentation:
The global process analytical technology market is segmented on the basis of product, application, and region.
On the basis of product, the global process analytical technology market is segmented into analyzers, sensors, probes, and others.
By application, the global process analytical technology market is segmented into spectroscopy, chromatography, particle size analysis, electrophoresis, and others. The spectroscopy segment is further sub-segmented into molecular spectroscopy, mass spectroscopy, and atomic spectroscopy. The chromatography segment is further sub-segmented into liquid and gas chromatography.
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Regional Analysis:
North America is likely to remain the leading regional entity in the global process analytical technology market over the forecast period. North American companies have established a solid share in the global process analytical technology market, coming up with new products that fulfil high performance standards. The North American biopharmaceuticals sector is also accepting towards automation technologies, leading to widespread adoption of process analytical technology. The growing demand for automation in pharmaceutical and biopharmaceutical manufacturing in North America is likely to be a major driver for the global process analytical technology market over the forecast period. The growing government support to systems and technologies that elevate the performance standards in biopharmaceutical manufacturing in the U.S. is also likely to be a key driver for the global process analytical technology market.
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