• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Flexible Sensors Detect Heavy Metals in Sweat

      Flexible Sensors Detect Heavy Metals in Sweat

      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

    • Radiology
      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Fluorescence Imaging System Illuminates Tumor Depth

      Fluorescence Imaging System Illuminates Tumor Depth

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

    • Cardiology
      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Surgery
      Microneedle Bandage for Hemostatic Control

      Microneedle Bandage for Hemostatic Control

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Nanomedicine
      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Magnetic Bacteria Target Tumors

      Magnetic Bacteria Target Tumors

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

Global Process Analytical Technology market to Surpass Revenue of US$ 7,828.0 Million by 2030

January 11th, 2023 Astute Analytica Releases

Global Process Analytical Technology market was valued at US$ 2,638.9 in 2021 and is expected to reach US$ 7,828.0 million by 2030. Furthermore, the market is expected to grow at a CAGR of 13.2% during the forecast period.

Request Sample Copy of Research Report @ https://www.astuteanalytica.com/request-sample/process-analytical-technology-market

The development of new, cutting-edge, and dependable technologies is being driven by the industry’s expanding need for process analytical technology. The cost of produced pharmaceuticals is growing, and regulators are paying more attention. PAT is crucial in guaranteeing the efficacy and security of pharmaceutical products. It is employed to ascertain the identity, structure, identity, and potency of medicines.

PAT also aids in spotting possible issues, such as contamination or foreign matter, in drug production procedures. Global market research reports on process analytical technology indicate that contamination levels can be detected as low as 0.1 parts per million. This can result in significant cost and time savings throughout production.

Market Dynamics

Driving Factors

Growing R&D Expenditure: Due to the high capital and operating expenses associated with implementing these solutions, the growth of the global market for process analytical technology is dependent on R&D spending. Spending on health and medical R&D increased in the United States by 38% between 2013 and 2018, according to Research America. Additionally, the market is being strengthened by rising emerging economies’ greater government investment in the pharmaceutical industry.

Focus on Robust Automation: The requirement for speedy and precise results grows along with the rate of medication development. Because of this, drug process laboratories must use reliable automation. The market for process analytical technology is anticipated to increase as a result of the use of robotics, factory automation, and data analytics to speed up and optimize sample processing, assay creation, and MAID operations.

Investment by Governments: Following FDA approval, many well-known contract manufacturing organizations, including Agilent Technologies, have been concentrating more and more on the application of constant manufacturing for biologics production. Continuous manufacturing can benefit from real-time process monitoring during the production of pharmaceuticals. National Resilience had additionally secured US$ 625 million in series D financing.

Precision Medicine: It is becoming possible to give patients more specialized therapies as technologies advance. With the help of drug process analytical data, this precision medicine strategy may identify patient profiles and forecast how they will react to different therapies. Manufacturers can create better pharmaceuticals by comprehending how a drug affects various groups.

Transformation to Lab-on-Demand: Due to space or legal restrictions, many businesses cannot convert their discovery labs into manufacturing lines. Instead, they use services that offer on-demand access to dedicated lab space, sometimes known as lab-on-demand (LOD). Firms can outsource all or a portion of their R&D workflow using LOD solutions, chemical purification, synthesis, sample testing, and characterization.

Restraints

High Cost: PAT implementation involves a number of technical and budgetary hurdles. PAT implementation costs depend on a variety of factors, including alterations to the current infrastructure, adoption of new technology, ongoing maintenance of hardware and software, and staff training. In order to remove operational obstacles in pharmaceutical manufacturing, PAT is crucial. As a result, everyone in technical staff and high management must be knowledgeable about PAT. This will call for a large investment in training and development. The Coalition of State Bioscience Institutes discovered that the easiest functional responsibilities to perform were continuous assembling processes.

Lack of skilled technical experts: The lack of abilities to control the biopharmaceutical production processes, particularly in the areas of designing, information investigation, and cycle improvement, remains a challenge and restrains the market for process analytical technology.

Competitive Landscape

According to Astute Analytica, some of the notable companies in the global market for process analytical technology include Thermo Fisher Scientific, Inc. Agilent Technologies, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Danaher Corporation (U.S.), ABB Ltd, Bruker Corporation (U.S.), and Shimadzu Corporation. In 2021, the leading 5 companies accounted for about 30% of the global market.

These businesses are primarily focused on creating cutting-edge technologies that enhance the pharmaceutical industry’s quality control and diagnostic procedures. These businesses mostly sell mass spectrometers, flow cytometry equipment, and tools for biochemical analysis.

Thermo Fisher is one of the industry’s top suppliers of process analytical technology. It provides a variety of options, such as nuclear magnetic resonance, gas chromatography-tandem mass spectrometry, optical detection, and liquid chromatography-mass spectrometry (LC-MS) (NMR). The business is renowned for providing unequivocal assurance of product quality and assisting manufacturers in avoiding pricey recalls.

Players use alliances and acquisitions as tools to enhance their products. In order to work together on projects, some big businesses have formed alliances with other businesses or paid hefty prices for promised smaller businesses with innovative technology. For instance, Danhar purchased GE Healthcare’s biopharma division in March 2022. Additionally, Thermo Fisher purchased Max Analytical Technologies in March 2022. As it enables the sharing of experience and promotes quicker advancement, this kind of teamwork might be crucial for innovation.

Segmentation Summary

Offering Analysis

In 2021, the product segment held a share of 84.4% of the global industry. PAT makes use of many tools, including fixed-reason sensors and spectroscopic and chromatographic compositional analyzers. Process analytical technology (PAT) is an essential tool for implementing quality by design (QbD) and enabling efficient monitoring of process variables while producing finished pharmaceutical goods of the highest caliber. Manufacturing scientists can create, monitor, and control processes using a collection of tools called process sensors.

Technique Analysis

In 2021, the spectroscopy segment accounted for the maximum share of 55.6% and will project the highest growth rate of 13.7% during 2022-2030.

It makes sense to use spectroscopic technology to track a distillation operation since it is effective at determining the composition of gas-phase samples. While other spectroscopic methods can be used to track distillation, mass spectrometry (MS) offers a number of benefits. Just a few of them are quick response times, improved selectivity and sensitivity, and the ability to manage a variety of sample pressures while simultaneously monitoring numerous species. The chromatography approach, on the other hand, enables the online separation and measurement of a mixture’s constituent parts during a chemical reaction.

Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/inquire-before-purchase/process-analytical-technology-market

Regional Analysis

North America had the maximum market share of 43.8% in 2021 due to the presence of numerous pharmaceutical businesses. In 2020, 49% of all pharmaceutical sales were made in North America. According to IQVIA (MIDAS April 2021), 63.7% of new medications launched between 2015 and 2020 were sold in the United States, compared to 17.4% in Europe.

Asia Pacific is likely to rise at a higher CAGR from 2022 to 2030. Due to government laws and growing industrialization, with the exception of Japan, practically all of Asia was a latecomer to these upheavals.

Segmentation Outline

By Offering

  • Products
    • Analyzers
    • Sensors and probes
    • Samplers
    • Monitors
  • Services

By Measurement

  • Online
  • In-line
  • At-line
  • Off-line

By Technique

  • Spectroscopy
    • Molecular
    • Atomic
    • Mass
  • Chromatography
    • Liquid chromatography (LC)
    • Gas chromatography (GC)
  • Capillary Electrophoresis
  • Particle Size Analysis

By Applications

  • Hydroformylations
  • Hydrogenation Reactions
  • Lithiation and Organolithium Reactions
  • Fluorinations and Fluorine Chemistry
  • Grignard Reactions
  • Others

By End User 

  • Pharmaceutical Manufacturers
  • Biopharmaceutical Manufacturers
  • Contract Research and Manufacturing Organizations
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
  • Western Europe
      • The UK
      • Germany
      • France
      • Italy
      • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Argentina
    • Brazil
    • Rest of South America

To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/process-analytical-technology-market

About Astute Analytica 

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

Contact us:

Aamir Beg
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)
Email: sales@astuteanalytica.com
Website: www.astuteanalytica.com
Follow US: LinkedIn | Twitter

Sign up and submit a press release

Sponsored
C-mo Medical Solutions extends seed investment round to €4.8 million to transform cough monitoring

C-mo Medical Solutions extends seed investment round to €4.8 million to transform cough monitoring

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email