DUBLIN, February 1, 2023 /PRNewswire/ — The Process Analytical Technology Market Size and Share Analysis by Technique, Measurement, End User, Supply – Global Industry Revenue Estimation and Demand Forecast to 2030 report has been added to ResearchAndMarkets.com supply.
The process analytics technology market is set to take a hit 13,626.5 million US dollars by 2030
Furthermore, the key advantage of PAT is that quality is integrated into the final output, rather than being checked before release. It helps reduce batch rejection, shorten production cycle times and increase automation.
The growing importance of PAT in the pharmaceutical industry
The category of pharmaceutical manufacturers holds the largest share of 67% of the market. This is due to the growing importance of PAT in the process development of the pharmaceutical industry and the increase in asymmetric syntheses of chiral compounds, including active drug components.
In addition, the biopharmaceutical manufacturer category is expected to register the fastest growth rate. This is a result of the growing biotechnology sector and the increasing requirements for biochemical analysis brought about by the adoption and introduction of several biological drugs.
A sample can be examined at different stages using spectroscopy
In 2022, spectroscopy technique accounted for the largest share, 52.2%, of the market, and this category is projected to maintain the fastest pace in the coming years. This is explained by the increase in pharmaceutical and biopharmaceutical research and development efforts and the accompanying process optimization in technology.
In addition, spectroscopy helps in determining the atomic structure of the sample and the molecular structure of the muscle, monitoring the concentration of dissolved oxygen in freshwater and marine environments, studying the emission lines of distant galaxies, modifying the structure of drugs to increase their research of space, protein identification, efficiency and respiratory gas analysis in hospitals.
The most popular spectroscopic method is also molecular spectroscopy. Due to its wide applications and increasing demand in the pharmaceutical and biopharmaceutical sector, the category is projected to enjoy significant expansion in the coming years.
Growing government investment in the biotech and pharmaceutical sectors in APAC
Geographically, Asia Pacific will grow at a CAGR of 19.6% in the coming years, driven by the existence of several USFDA-approved pharmaceutical businesses, a growing biotech sector and expanding use of analytical technologies, high R&D expenditure , an increase in the incidence of various diseases, which leads to an increase in the consumption of biological and pharmaceutical drugs and an increase in health care costs.
Moreover, the European region is expected to advance at a rate of 18.2% in the coming years. Despite maturing, the region’s need for PAT products is mostly driven by the presence of large analytical technology businesses, increasing emphasis on quality, expanding biotechnology sector, and increasing R&D spending by pharmaceutical firms.
Increasing R&D spending by drug manufacturers and investment by governments of developing economies
Growing adherence to QbD principles
Increasing focus on quality and improving the efficiency of the production process
Technological Advances in Analytical Devices Industry
Analysis of the impact of drivers on the market forecast
High cost of PAT implementation
Lack of qualified specialists
Analysis of the impact of constraints on the market forecast
Carl Zeiss AG
Mettler-Toledo International Inc.
Emerson Electric Co.
Thermo Fisher Scientific Inc.
Agilent Technologies Inc.
Malvern Panalytical Ltd.
Sartorius Stedim Biotech SA
Main topics covered:
Chapter 1. Background of the study
Chapter 2. Research methodology
2.1 Secondary research
2.2 Primary research
2.3 Estimation of market size
2.4 Data triangulation
2.5 Exchange Rates
2.6 Research Assumptions
Chapter 3. Summary
Chapter 4. The voice of the KOL
Chapter 5. Introduction
5.1 Definition of Market Segments
5.1.1 By technique
220.127.116.11 Capillary electrophoresis
18.104.22.168 Particle size analysis
5.1.2 By measurement
5.1.3 By Offering
22.214.171.124.2 Sensors and probes
5.1.4 By End User
126.96.36.199 Pharmaceutical manufacturers
188.8.131.52 Biopharmaceutical manufacturers
184.108.40.206 Contract research and production organizations
Chapter 6. Global Market Size and Forecast
6.2 Market Revenue, by Technology (2017-2030)
6.2.1 Global Spectroscopy-based PAT Market Revenue by Type (2017-2030)
6.2.2 Global Chromatography-Based PAT Market Revenue by Type (2017-2030)
6.3 Market Revenue, by Measurement (2017-2030)
6.4 Market Revenue by End User (2017-2030)
6.5 Market Revenue by Supply (2017-2030)
6.5.1 Global PAT Products Market Revenue by Type (2017-2030)
6.6 Market Revenue by Region (2017-2030)
For more information on this report, visit https://www.researchandmarkets.com/r/hk6joc
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SOURCE Research and Markets