Technology market

The global process analytics technology market is

New York, Nov. 03, 2022 (GLOBE NEWSWIRE) — announces the publication of the report “Process Analytical Technology Market, by Technology, Measurement, Product & Service, End User -Global Forecast to 2027” –

Spectroscopy Segment to Hold Largest Market Share in 2022
Based on type of technology, the global PAT market has been categorized into five major segments: spectroscopy, chromatography, particle size analysis, capillary electrophoresis, and other technologies. By technology, spectroscopy will hold a major market share in 2022.

The increased adoption of molecular spectroscopy technologies such as near infrared (NIR) spectroscopy, Fourier transform infrared (FTIR) spectroscopy, Raman spectroscopy and nuclear magnetic resonance (NMR) spectroscopy in quality assessment pharmaceutical drugs is a major factor contributing to the growth of this segment.

Services segment is expected to register the highest CAGR during the forecast period
Process analysis technology services are offered to end users for better implementation of the Quality by Design (QbD) framework. These services include advice on adoption of PATs and software services, regulatory framework and process management.

The services segment is expected to grow with the fastest growth rate, owing to the increasing demand for consulting services and software required for the development of PAT models and the implementation of PAT strategies in the pharmaceutical manufacturing process.

In terms of application, the small molecule segment held the largest market share in 2021
Based on application, the process analytics technology market is broadly segmented into small molecule, large molecule, manufacturing application and other application. The small molecule segment held the largest market share in 2021.

Strict drug development and safety guidelines to improve the efficiency and effectiveness of the pharmaceutical manufacturing process, the growth of pharmaceutical research activities and the growth of pharmaceutical production to meet the growing demand for drugs are the main growth factors of the segment.

The APAC region market is expected to witness the highest growth during the forecast period.
China, India and Japan are the main markets in Asia-Pacific. Strategic expansions by key market players in emerging Asian countries; the growing contract research and manufacturing (CRAM) services industry in India, Korea, Singapore and China; Singapore’s large biopharmaceutical industry; and analytical instruments conferences, exhibitions and meetings are key factors fueling the growth of the Asia-Pacific market.

A breakdown of the major participants mentioned for this report is provided below:
• By type of company: level 1 at 30%, level 2 at 42% and level 3 at 28%
• By designation: C level – 10%, managers – 76% and others – 14%
• By region: North America: 40%, Europe: 30%, Asia-Pacific: 22%, Latin America: 6% and Middle East and Africa: 2%

Key Players of Process Analytical Technologies Market are Thermo Fisher Scientific, Inc. (US), Danaher Corporation (US), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (USA), Bruker Corporation (USA), Emerson Electric Co. (USA), ABB Ltd. (Switzerland), PerkinElmer, Inc. (USA), Mettler-Toledo International Inc. (USA) and Carl Zeiss AG (Germany), among others.

Research coverage
This report studies the Process Analytics Technology market based on technology, measurement, product & service, application, and region. It also covers factors affecting market growth, analyzes various market opportunities and challenges, and provides details of the competitive landscape for market leaders.

Further, the report analyzes the micromarkets based on their individual growth trends and forecasts market segment revenue with respect to five major regions (and the respective countries within these regions).

Reasons to buy the report
The report will enable established companies as well as entrant/smaller companies to take the pulse of the market, which, in turn, would help them gain a larger market share. Companies buying the report could use one or more of the strategies mentioned below to boost their presence in the market.

This report provides information about the following pointers:
• Market Penetration: Comprehensive information on product portfolios offered by leading players in the process analytics technology market
• Product Development/Innovation: detailed information on upcoming trends, R&D activities and product launches in the process analytics technology market
• Market development: comprehensive information on lucrative emerging regions
• Market Diversification: Comprehensive information on new products, growing geographies, and recent developments in the process analytics technology market
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of major market players.
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