(EMAILWIRE.COM, January 12, 2019 ) Process Analytical Technology (PAT) is a system for designing, analysing and controlling pharmaceutical manufacturing processes through measurements of critical quality and performance attributes of raw and processed materials to ensure final product quality, idea of which is to become more efficient while reducing over-processing, enhancing efficiency and minimizing waste.
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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.).
4 Premium Insights
4.1 Process Analytical Technology: Market Overview
4.2 Geographic Analysis: Market, By Technique (2016)
4.3 Market Size, By Product, 2016 vs 2021
4.4 Market Size, By End User, 2016 vs 2021
4.5 Market Geographic Growth Opportunities
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increase in R&D Spending By Pharmaceutical and Biopharmaceutical Firms and Government Investments in Emerging Countries
5.1.1.2 Government Regulations on Drug Safety
5.1.1.3 Need for Manufacturing Process Efficiency Leading to Quality Improvement
5.1.1.4 Technological Advancements in Analytical Devices
5.1.2 Restraints
5.1.2.1 High Cost of Process Analytical Technology Deployment
5.1.3 Opportunities
5.1.3.1 Emerging Markets Offer Lucrative Growth Opportunities
5.1.3.2 Growing Adoption of Analytical Instruments in Bioprocesses (Research and Manufacturing)
5.1.4 Challenges
5.1.4.1 Dearth of Skilled Professionals
5.1.5 Current Trends
5.1.5.1 Outsourcing to Contract Manufacturing Organizations
5.1.5.2 Adoption of Quality By Design(QBD) Principles
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In recent years, the Asia-Pacific market for process analytical technology has witnessed a significant growth. Strategic expansions by key market players in emerging Asian countries; the growing Contract Research and Manufacturing services (CRAMs) industry in India, Korea, Singapore, and China; the large biopharmaceutical industry in Singapore; and conferences, exhibitions, and meetings on analytical instruments are some key factors fueling the growth of the Asia-Pacific market.
Growth in process analytical technology market 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.
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The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments. The competitive landscape covers growth strategies adopted by industry players in the last three years. Product launches was the dominant strategy adopted by key industry participants to increase their market share and cater to unmet needs.
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