DUBLIN, Feb. 1, 2023 (GLOBE NEWSWIRE) — “Process Analytical Technologies Market Size and Share Analysis by Technology, Measurement, End User, Product – Global Industry Revenue Estimates and Demand Forecast to 2030” Report added to ResearchAndMarkets.com’s supply.
The process analytical technology market is expected to reach USD 13,626.5 million by 2030
Also, the main advantage of PAT is that quality is integrated into the final output rather than being checked before release. It helps reduce lot rejections, shorten manufacturing cycles and increase automation.
The growing importance of PAT in the pharmaceutical industry
The pharmaceutical manufacturers category holds the largest share in the market at 67%. This is due to the increasing importance of PAT in process development and scale-up of asymmetric synthesis of chiral compounds, including active pharmaceutical ingredients, in the pharmaceutical industry.
Additionally, the biopharmaceutical manufacturers category is expected to witness the fastest growth. This is due to the growing biotechnology sector and increasing demand for biochemical assays due to acceptance and introduction of several biological drugs.
Samples can be inspected at different stages using spectroscopy
Spectroscopy technology will hold the largest share of the market at 52.2% by 2022, and the category is expected to maintain the fastest growth rate in the coming years. This can be explained by the increase in R&D efforts in pharmaceuticals and biopharmaceuticals and the consequent optimization of technological processes.
In addition, spectroscopy helps determine the atomic structure of samples and the molecular structure of muscle, monitor the concentration of dissolved oxygen in freshwater and marine environments, study the emission lines of distant galaxies, modify the structure of drugs to increase their space exploration, in hospitals Identify proteins, efficiency and breath gas analysis.
The most popular spectroscopic method is also molecular spectroscopy. The category is expected to expand significantly in the coming years owing to its wide application and growing demand in pharmaceutical and biopharmaceutical fields.
Rising Government Investments in Biotech and Pharmaceutical Sectors in APAC
Geographically, Asia Pacific will grow at a CAGR of 19.6% over the next few years, attributable to the presence of several FDA-approved pharmaceutical players, thriving biotechnology sector, and analytical technologies Widespread use, high R&D expenditure, and increasing frequency of various diseases have led to increased consumption of biological and pharmaceutical products, and increased healthcare expenditure.
In addition, the European region will grow at a rate of 18.2% in the next few years. Despite its maturity, the demand for PAT products in the region is primarily driven by the presence of large analytical technology players, increasing emphasis on quality, expansion in the biotechnology sector, and increasing R&D spending by pharmaceutical companies.
- Outsourcing the manufacturing process to a contract manufacturing organization
- Increasing R&D spending by pharmaceutical manufacturers and government investments in emerging economies
- Increasing adherence to QbD principles
- Increased focus on improving quality and manufacturing process efficiency
- Analyze technological advances in the equipment industry
- Impact Analysis of Driving Factors on Market Forecast
- PAT implementation costs are high
- lack of skilled professionals
- Analysis of the Influence of Constrained Conditions on Market Forecast
- Increasing use of analytical instruments in biological processes
- Growing Demand for PAT in Emerging Markets
- perkin elmer corp.
- Shimadzu Corporation
- Carl Zeiss
- Mettler-Toledo International
- emerson electric co.
- Danaher Corporation
- Thermo Fisher Scientific
- Agilent Technologies
- brook co.
- ABB Limited
- Malvern Panalytical Limited
- Sartorius Stedim Biotech SA
- horiba co., ltd.
- AMPTEK Company
- Waters Corporation
Key topics covered:
Chapter 1 Research Background
Chapter II Research Methodology
2.1 Secondary research
2.2 Preliminary research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Exchange Rates
2.6 Research Hypothesis
Chapter 3 Executive Summary
Chapter 4 Voice of KOL
Chapter 5 Introduction
5.1 Definition of market segments
5.1.1 Classification by Technology
188.8.131.52.1 Letter of credit
184.108.40.206 Capillary electrophoresis
220.127.116.11 Particle size analysis
5.1.2 When measuring
5.1.3 At the time of release
18.104.22.168.2 Sensors and probes
5.1.4 By end users
22.214.171.124 Pharmaceutical companies
126.96.36.199 Biopharmaceutical manufacturers
188.8.131.52 Contract research and manufacturing organizations
Chapter 6 Global Market Size and Forecast
6.2 Market Revenue, By Technology (2017-2030)
6.2.1 Global Spectrum-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 Measure (2017-2030)
6.4 Market Revenue, by End User (2017-2030)
6.5 Market Revenue, by Product (2017-2030)
6.5.1 Global PAT Product Market Revenue by Type (2017-2030)
6.6 Market Revenue, By Region (2017-2030)
For more information on this report, please visit https://www.researchandmarkets.com/r/lkq4o
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