Process Analytical Technology Market Worth 3.30 Billion USD by 2021

Wednesday, February 22, 2017 Corporate News
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PUNE, India, February 22, 2017 /PRNewswire/ --

According to a 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",
published by MarketsandMarkets, the global market is poised to reach USD 3.30 Billion by 2021 from USD 1.77 Billion in 2016, at a CAGR of 13.3% from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 73 market data Tables and 38 Figures spread through 161 Pages and in-depth TOC on "Process Analytical Technology Market"

http://www.marketsandmarkets.com/Market-Reports/process-analytical-technology-market-59564006.html

Early buyers will receive 10% customization on this report. 

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&D spending by pharma and biopharma companies and increasing government investments in emerging countries. The emerging markets are also expected to offer plenty of growth opportunities for players in the market.

The global Process Analytical Technology Market is segmented on the basis of technique, measurement, end user, products and services, and region. On the basis of products, the Process Analytical Technology Market for products is further divided into analyzers, sensors and probes, and samplers. The analyzers segment is expected to account for the largest share of the global market in 2016. Factors attributing to the growth of this segment include the high preference for molecular spectroscopy hand-held instruments that offer in-line as well as on-line analysis of the drug manufacturing process.

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Based on measurement, the Process Analytical Technology Market is segmented into on-line, in-line, at-line, and off-line methods of analysis. The on-line segment is expected to account for the largest share of the Process Analytical Technology Market in 2016. On-line analysis is the most preferred method as it offers consistency and certainty in the results, owing to no human intervention, safety for operations due to automation, and a turn-around time of a few seconds. The method saves person-hours by automating the routine testing from laboratories and operators.

North America is expected to account for the largest share of the global Process Analytical Technology Market in 2016, followed by Europe. Stringent regulatory guidelines to provide safe drugs is encouraging the use of PAT and the presence of a large number of market players are propelling the growth of the North American Process Analytical Technology Market. Asia-Pacific region is expected to grow at the highest CAGR in the forecast period.

Growing government investments in pharmaceutical R&D and the rise in contract research and manufacturing organizations in emerging Asia-Pacific countries are the key factors driving the growth of the Asia-Pacific market.

Download PDF [email protected] http://www.marketsandmarkets.com/pdfdownload.asp?id=59564006

The Process Analytical Technology Market is dominated by established players such as Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bruker Corporation (U.S.), and PerkinElmer, Inc. (U.S.).

Browse Related Reports: 

Life Science Instrumentation Market by Technology (Chromatography, Flow Cytometer, Spectroscopy, PCR, Microscopy), End User (Pharmaceutical & Biotechnology Companies, CROs, Hospitals), Application (Research, Clinical & Diagnostic) - Global Forecast to 2021.

http://www.marketsandmarkets.com/Market-Reports/life-science-chemical-biotech-instrumentation-market-38.html

IR Spectroscopy Market by Spectrum Sensitivity (NIR, Mid IR, and Far IR), Product Type (Benchtop, Micro, Portable, and Hyphenated), Vertical (Biological, Pharmaceuticals, Chemicals, Food & Beverages, Environmental), and Geography - Global Forecast to 2022.

http://www.marketsandmarkets.com/Market-Reports/ir-spectroscopy-market-42486905.html

About MarketsandMarkets: 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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SOURCE MarketsandMarkets



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