Global Process Analytical Technology (PAT) Market Information, by product (analyzer, samplers, probes), by application (Spectroscopy (Molecular, mass and atomic spectroscopy), Chromatography (Liquid, gas), Particle Size Analysis, Electrophoresis and others - Forecast to 2022
pune, India - July 22, 2019 /MarketersMedia/ —
Process Analytical Technology (PAT) Market Insights
Market Research Future (MRFR) forecasts that the global process analytical technology market is expected to register a substantial CAGR during the forecast period (2017-2023). The market is also projected to reach a lucrative valuation by 2023.
The report published by Market Research Future on the global process analytical technology market covers various market growth boosters and restrains. It also briefs on the segmental overview and regional outlook, to grasp a comprehensive understanding of the market. The report also enlists significant market players.
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Process Analytical Technology (PAT) Market Apprehension
The increase in need for effective designing, better analysis, and optimized procedure of pharmaceutical manufacturing procedures are expected to augment the process analytical technology market growth. The reduction in the production cycle time but surge in automation due to process analytical technology is escalating its rate of adoption among different research institutes. Moreover, the precision in results offered by process analytical technology is encouraging extensive research and developmental undertakings. The elevated quality control is provided by the process analytical technology in manufacturing of pharmaceutical products. These factors, along with increase in the stringency of governmental norm for production are expected to shoot up the growth curve of the process analytical technology.
Process Analytical Technology (PAT) Market Segmental Overview
The global process analytical technology (PAT) market study has been segmented on the basis of application and product. The segmental overview of the process analytical technology market offers a concise understanding of the market.
Based on the product, the process analytical technology market has been segmented into probes, sensors, analyser, and others.
Based on the application, the process analytical technology market has been segmented into chromatography, spectroscopy, electrophoresis, particle size, and others. The spectroscopy segment has been narrowed down to mass spectroscopy, molecular spectroscopy, and mass spectroscopy. The chromatography segment has been classified into gas chromatography and liquid chromatography. In 2016, the spectroscopy segment held the largest market share and is expected to maintain it lead over the forecast period. The non-invasiveness of the spectroscopy method and its ability to provide precise result is expected to bolster the spectroscopy segment growth.
Process Analytical Technology (PAT) Market Regional Analysis
The global process analytical technology market has been studied across the Americas, Asia Pacific, Europe, and the Middle East Asia and Africa. The regional study of the process analytical technology market gives an detailed understanding of the regional progress of the market.
The process analytical technology market in the North American region is forecasted to secure the largest share, globally. The regional market is to surge as regulatory compliance encourage rigorous application of process analytical technology. Moreover, the existence a numerous market players can also impel the regional process analytical technology market.
The process analytical market in Asia-Pacific is predicted to demonstrate an impressive growth over the review period. The increase in research and developmental undertakings, backed by surge in governmental funding is identified as a major booster the regional process analytical technology market. Additionally, the rising number of contract research organization and manufactures are reinforcing the need for advanced process analytical technology. Hence, expected to augment the process analytical technology market in the near future.
Process Analytical Technology (PAT) Market Key players
MRFR has enlisted some important market key players operating in the market. Thermo Fisher Scientific, Inc. (U.S.), Bruker Corporation (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.) and PerkinElmer, Inc. (U.S.).
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