Dublin, Feb. 01, 2023 (GLOBE NEWSWIRE) — The report “Process Analytical Technology Market Analysis and Share by Technique, Measurement, End User, Supply – Global Industry Revenue Estimation and Demand Forecast to 2030” is added to ResearchAndMarkets.com supply.
The process analytics technology market is expected to reach USD 13,626.5 million 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.
- Outsourcing of production processes to contract manufacturing organizations
- 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
- Increasing use of analytical tools in bioprocesses
- The growing demand for PAT in emerging markets
- PerkinElmer Inc.
- Shimadzu Corporation
- Carl Zeiss AG
- Mettler-Toledo International Inc.
- Emerson Electric Co.
- Danaher Corporation
- Thermo Fisher Scientific Inc.
- Agilent Technologies Inc.
- Bruker Corporation
- ABB EOOD
- Malvern Panalytical Ltd.
- Sartorius Stedim Biotech SA
- HORIBA EOOD
- AMPTEK Inc.
- Waters Corporation
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
18.104.22.168 Capillary electrophoresis
22.214.171.124 Particle size analysis
5.1.2 By measurement
5.1.3 By Offering
126.96.36.199.2 Sensors and probes
5.1.4 By End User
188.8.131.52 Pharmaceutical manufacturers
184.108.40.206 Biopharmaceutical manufacturers
220.127.116.11 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/lkq4o
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