Process Analytical Technology Market Overview, Growth Drivers and Forecast Report 2023

Posted on 2019-07-25 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Jul-25 — /EPR Network/ — The process analytical technology market is expected to reach $4.0 billion by 2023, growing at a CAGR of 12.9% during 2017-2023. The market is growing due to the rising R&D expenditure by drug manufacturers and investments by government in emerging economies on implementation of process analytical technology, growing adherence to the quality by design (QbD) principles, and rising focus on increasing quality and manufacturing process efficiency.

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In recent past, there have been many advancements in the analytical devices industry, with the introduction of new products that offer greater accuracy and application in a wide range of set-ups. For instance, in June 2017, Thermo Fisher Scientific Inc., launched new technologies designed to allow analytical chemists to obtain high-resolution separations with greater sensitivity and reproducibility. Also, in June 2017, Agilent Technologies Inc. introduced a number of new products to complete the InfinityLab LC series, part of the InfinityLab family of instruments, columns, and supplies. Agilent’s new InfinityLab LC purification solution provides a complete portfolio of analytical scale to preparative scale purification systems. All these advancements in the analytical devices industry have led to greater demand for process analytical technology products and services, which in turn, is expected to drive the growth of the worldwide process analytical technology market.

Major players in the process analytical technology market are entering into partnerships with other firms to improve their position in the market. For instance, in June 2017, Thermo Fisher Scientific Inc. announced a co-marketing agreement with Biognosys AG, a company engaged in next-generation proteomics, to provide a workflow to allow library creation and data processing for Data-Independent Acquisition (DIA) studies, through the collective use of Orbitrap mass spectrometers and Spectronaut Pulsar software.

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Some of the other key players operating in the process analytical technology market include Brucker Corporation, PerkinElmer, Inc., Shimadzu Corporation, Carl Zeiss AG, Mettler-Toledo International Inc., Emerson Electric Co., Danaher Corporation, and ABB Group.

GLOBAL DRUG OF PROCESS ANALYTICAL TECHNOLOGY MARKET SEGMENTATION

By Technique

Spectroscopy
- Molecular Spectroscopy
- Atomic Spectroscopy
- Mass Spectrometry
Chromatography
- Liquid Chromatography (LC) Systems
- Gas Chromatography (GC) Systems
- Other Chromatography Systems
Particle Size Analysis
Capillary Electrophoresis
Other Techniques

By Measurement

In-Line Measurement
At-Line Measurement
On-Line Measurement
Off-Line Measurement

By Products and Services

Products
- Analyzers
- Sensors and Probes
- Samplers
Services

By End User

Pharmaceutical Manufacturers
Biopharmaceutical Manufacturers
Contract Research and Manufacturing Organizations
Others

By Region

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (MEA)
- Turkey
- Israel
- Egypt
- South Africa
- Rest of MEA

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