Overview and Scope
Process analytical technology refers to a framework for designing, analyzing, and controlling manufacturing processes by measuring critical process parameters (CPPs) and quality attributes in real time. It plays a crucial role in modern manufacturing by enabling real-time monitoring, analysis, and control of manufacturing processes to ensure consistent product quality, improve efficiency, and reduce production costs.
Sizing and Forecast
The process analytical technology market size has grown rapidly in recent years. It will grow from $2.68 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to regulatory compliance, quality control requirements, cost reduction initiatives, globalization of supply chains, market competition.
The process analytical technology market size is expected to see rapid growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to sustainability initiatives, personalized medicine trends, industry 4.0 integration, emerging markets expansion, shift towards continuous manufacturing. Major trends in the forecast period include adoption of remote monitoring technologies, increased focus on data analytics and ai, expansion of digital twins, integration of blockchain for supply chain transparency, rise of personalized manufacturing.
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Segmentation & Regional Insights
The process analytical technology market covered in this report is segmented –
1) By Product: Analyzers, Sensors And Probes, Samplers, Software And Services
2) By Technique: Spectroscopy, Chromatography, Particle Size Analysis, Electrophoresis, Other Techniques
3) By Application: Small Molecules, Large Molecules, Manufacturing Applications, Other Applications
4) By End-User: Pharmaceutical Companies, Biotechnology Companies, Other End-Users
North America was the largest region in the process analytical technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the process analytical technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising demand for personalized medicine is expected to propel the growth of the process analytical technology market going forward. Personalized medicine refers to an approach to medical treatment and healthcare that considers individual variability in genes, environment, and lifestyle for each person. The demand for personalized medicine is rising due to advancements in genomics, which allow tailored treatments based on individual genetic makeup and disease characteristics. Process analytical technology is utilized in personalized medicine to monitor and analyze critical parameters during the manufacturing of personalized treatments, such as gene therapies or customized medications, ensuring precise control over the production process to guarantee the quality and consistency of individualized therapies. For instance, according to the FDA's Center for Drug Evaluation and Research (CDER), a US-based crucial division of the U.S. Food and Drug Administration responsible for ensuring the availability of safe and effective drugs to enhance public health in the United States, in 2022, the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) approved 37 new molecular entities (NMEs). Out of the 35 therapeutic NMEs, approximately 34%, which amounts to 12 of them, are classified as personalized medicines. Therefore, the rising demand for personalized medicine is driving the growth of the process analytical technology market.
Key Industry Players
Major companies operating in the process analytical technology market are Siemens AG, Thermo Fisher Scientific Inc., Danaher Corporation, ABB Ltd., GE Healthcare, Emerson Electric Co., Agilent Technologies Inc., Teledyne Technologies Incorporated, Sartorius AG, Mettler-Toledo, PerkinElmer Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, HORIBA Ltd., Carl Zeiss AG, Nova Biomedical, TECAN Group Ltd., Repligen Corporation, Hamilton Company, Oxford Instruments plc, Malvern Panalytical, Hitachi High-Tech Analytical Science, JEOL Ltd., Yokogawa Electric Corporation
The process analytical technology market report table of contents includes:
1. Executive Summary
2. Process Analytical Technology Market Characteristics
3. Process Analytical Technology Market Trends And Strategies
4. Process Analytical Technology Market - Macro Economic Scenario
5. Global Process Analytical Technology Market Size and Growth
....
32. Global Process Analytical Technology Market Competitive Benchmarking
33. Global Process Analytical Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Process Analytical Technology Market
35. Process Analytical Technology Market Future Outlook and Potential Analysis
36. Appendix
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According to the new market research report, "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", provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.Browse and in-depth TOC on "Process Analytical Technology Market"73 – Tables38 - Figures161 – PagesDownload PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59564006Growth Boosting Factors:Market growth 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.
Other factors supporting market growth include an increase in R spending by pharma and biopharma companies and increasing government investments in emerging countries.
The strong position of these companies in the market can primarily be attributed to their global presence and broad product portfolio.
Other major players in the market include Bruker Corporation (U.S.), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), ABB Ltd. (U.S.), Carl Zeiss AG (Germany), Emerson Electric Co. (U.S.), and Mettler-Toledo International Inc. (U.S.).Different Growth Strategies Adopted by Them:Companies in the process analytical technology market are majorly focusing on product launches for strengthening their market share; this strategy accounted for 63.5% of the total number of strategic developments undertaken by key players in this market.Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=59564006Thermo Fisher Scientific Inc. dominated the global PAT market in 2016.
The company offers analytical technologies through its analytical instruments business segments, which cater to the markets in developed as well as developing countries.
The company mainly focuses on product launches as its key growth strategy.
Global Process Analytical Technology Market Research Report 2019-2023The Global Process Analytical Technology Market report is an in-depth study of the Process Analytical Technology from across the globe with a special focus towards the Chinese market owing to its vast nature and record breaking growth rate over the past decade.
The Global Process Analytical Technology report covers the intricate details about the Process Analytical Technology across various parameters such as the value and volume of the Process Analytical Technology, along with its different segmentations such as end users, applications, regional segmentation, etc.
Understanding of the new products and developments in the Process Analytical Technology helps the customer understand which direction is the best to move towards that can help them tackle the competition better.
This holds key importance for customers and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.
The Global report includes a detailed regional segmentation as well in the report to provide the customer a 360 degrees view of how the Process Analytical Technology is performing across the globe in terms of value and volume of every regional Process Analytical Technology, as well as the fastest growing regions across all segments which include applications, end users, and many more.
Additionally, the report provides information on the entry and growth planning tips for the customer to be more effective in its growth efforts in this market.The Global Process Analytical Technology report presented by Orbis Research has been prepared by a list of top subject matter experts and market research professionals to ensure that the information provided is accurate to the highest level.
With the slowdown in world economic growth, the Process Analytical Technology industry hasalso suffered a certain impact, but still maintained a relatively optimistic growth, the past fouryears, Process Analytical Technology market size to maintain the average annual growth rate of14.86% from 1300 million $ in 2014 to 1970 million $ in 2017, BisReport analysts believe that inthe next few years, Process Analytical Technology market size will be further expanded, weexpect that by 2022, The market size of the Process Analytical Technology will reach 3739 million$.Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/2224598This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit,interview record, business distribution etc., these data help the consumer know about thecompetitors better.
This report also covers all the regions and countries of the world, whichshows a regional development status, including market size, volume and value, as well as pricedata.
Besides, the report also covers segment data, including: type segment, industry segment,channel segment etc.
Also coverdifferent industries clients information, which is very important for the manufacturers.Section 1: Free——DefinitionSection (2 3): 1200 USD——Manufacturer DetailThermo Fisher Scientific Inc.Agilent Technologies, Inc.Danaher Corporation (Ab Sciex Llc)Bruker CorporationPerkinelmer, Inc.Abb Ltd.Carl Zeiss Ag (Zeiss Group)Emerson Electric Co.Mettler-Toledo International Inc.Shimadzu CorporationBrowse the complete report @ http://www.orbisresearch.com/reports/index/global-process-analytical-technology-market-report-2018Section 4: 900 USD——Region SegmentationNorth America Country (United States, Canada)South AmericaAsia Country (China, Japan, India, Korea)Europe Country (Germany, UK, France, Italy)Other Country (Middle East, Africa, GCC)Section (5 6 7): 500 USD —— Product Type Segmentation (On-Line Measurement, In-Line Measurement, At-Line Measurement, Off-Line Measurement, )Industry Segmentation (Pharmaceutical Manufacturers, Biopharmaceutical Manufacturers,Contract Research And Manufacturing Organizations, , )Channel (Direct Sales, Distributor) SegmentationSection 8: 400 USD——Trend (2018-2022)Section 9: 300 USD——Product Type DetailSection 10: 700 USD——Downstream ConsumerSection 11: 200 USD——Cost StructureSection 12: 500 USD——ConclusionPlace a purchase order of this report @ http://www.orbisresearch.com/contact/purchase/2224598About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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