Global Process Analytical Technology (PAT) Market – Overview
Process analytical technologies has many application in pharmaceutical manufacturing processes for decades. Recently, the U.S Food and Drug Administration (FDA) has, however, re-defined and implemented it and focusing on improving several aspects in pharmaceutical industry.
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This will increase the demand for the analytical process, which will boost the market. Moreover, increasing prevalence of chronic diseases, rising R&D in imaging, and increasing healthcare expenditures will drive the growth of the global market over the review period. However, lack of awareness among people as well as skilled physician and high cost of the diagnostics method will restrain the market growth during the assessment period.
Global Process Analytical Technology (PAT) Market – Competitive Analysis
PerkinElmer Inc is founded in 1937, is American multinational company is a provider of informatics solutions, imaging and detection and services to research, diagnostic and laboratory services. Portfolio of the company is comprises of services and lab products, imaging devices, diagnostic services and tissue banking services. PerkinElmer’s products has find its application in the diagnosis of different genetic diseases.
In 2011, PerkinElmer acquired Caliper Life Sciences and ArtusLabs and also sign an agreement to acquire CambridgeSoft. PerkinElmer is headquartered in Waltham, Massachusetts, U.S.
Nobel Biocare (Part of Danaher Corporation):
Founded in 1952 and headquartered in Switzerland, Nobel Biocare is a global leader in the implant and dental restorations industry. The company offers a comprehensive range of products which include Dental implant systems, Individualized prosthetics and CAD/CAM systems, Treatment planning, guided surgery solutions, Biomaterials.
Nobel Biocare has an aim to provide dental professionals with excellence in products and services, and provide customer support through all the phases of product development. The company has a workforce of 5000+ employees and functions globally.
Established in 1863 and headquarters in Leverkusen Germany, Bayer is an international company which operates in the field of life science, agriculture and healthcare products and high-tech polymer materials. Bayer Healthcare AG operates as a subsidiary of Bayer AG. The company manufactures products to prevent, diagnose, and treat human and animal diseases. It operates in four divisions: pharmaceutical, animal health, medical care, and consumer care. The company’s products and services are developed to profit patients and people around the globe and improve their quality of life.
Remaining Leading Key players
- Thermo Fisher Scientific, Inc. (U.S.)
- Agilent Technologies, Inc. (U.S.)
- Danaher Corporation (U.S.).
Global Process Analytical Technology (PAT) Market – Regional Analysis
The Americas holds the largest market share and will continue to lead the marker during the given period due to high healthcare expenditures, the presence of global players, and high acceptance of new technologies within the region. Europe is the second largest market owing to the presence of effective healthcare structure and well-developed economies.
Asia Pacific region is expected to grow rapidly. China and India are likely to lead this market due to the fastest growing healthcare sector during the forecast period. The Middle East & Africa have the least market share. Additionally, factors such as lack of awareness, low healthcare expenditures will restrain the market during the corresponding period.
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