Process Analytical Technology

Market to Reach $4 billion by 2023

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Process Analytical Technology (PAT) Market

Global process analytical technology market to

observe significant growth in the future
The global process analytical technology market size was $1.7 billion in 2016 and is
projected to grow at a CAGR of 12.9% during 2017-2023. Various techniques used drug
manufacturing industry include spectroscopy, chromatography, capillary electrophoresis,
particle size analysis, and other techniques. The process analytical technology industry
includes products as well as services, the major products available in the market are
classified as analyzers, sensors and probes, and samplers.
The end users in the process analytical technology market are pharmaceutical
manufacturers, pharmaceutical manufacturers, contract research and manufacturing
organizations, and others to abide by various regulation related to manufacturing quality.
There are broadly four types of products in the process analytical technology market
based on the measurement namely, in-line measurement, at-line measurement, on-line
measurement, and off-line measurement.
Process Analytical Technology (PAT) Market

Access Report Summary with Detailed TOC on "Process Analytical

Technology (PAT) Market by Technique (Spectroscopy, Chromatography,
Capillary Electrophoresis, Particle Size Analysis), by Measurement (In-Line,
At-Line, On-Line, Off-Line), by Products and Services (Products, Services), by
End User (Pharmaceutical Manufacturers, Biopharmaceutical
Manufacturers, Contract Research and Manufacturing Organizations), by
Geography (U.S., Canada, Germany, U.K., France, Italy, Spain, China, Japan,
India, South Korea, Brazil, Mexico, Turkey, Egypt, South Africa, Israel) –
Global Market Size, Share, Development, Growth and Demand Forecast,
2013-2023“
at: https://www.psmarketresearch.com/market-analysis/process-analytical-
technology-market
Process Analytical Technology (PAT) Market

Insights on market segments

As per the findings of the research, spectroscopy held the largest process analytical
technology market share in 2016, since it has wider applications in drugs analytical
industry and the demand for portable infra-red (IR) instruments, nuclear magnetic
resonance (NMR) spectroscopy as well as UV–vis, near infra-red NIR, and Raman
spectroscopy is increasing in the pharmaceutical industry. On-line measurement is
expected to be the fastest growing category during the forecast period due to
technological advancements and rapid acceptance of on-line measurement
instruments in the pharmaceutical industry.
Pharmaceutical manufacturers were the largest end user of the process analytical
technology industry owing to the much larger size of the pharmaceutical industry as
compared to the biotechnology industry, and this technology has broader
applications in the pharmaceutical industry. The services segment is expected to
garner higher growth as compared to the products for process analytical
technology, during the forecast period, since the demand for statistics data
processing and chemometrics services is growing significantly.
Process Analytical Technology (PAT) Market

North America stands as the largest process

analytical technology market
Geographically, North America has been the largest process analytical technology
market, with the U.S. being the larger contributor to the regional market, as
compared to Canada. The leading position of the North American market is mainly
attributable to factors such as presence of majority of the companies providing
various products and services, presence of various pharmaceutical regulatory
authorities that have stipulated strict quality standards to comply with for
pharmaceutical companies, growing biotechnology industry and consequently
increased use of analytical technologies by biopharmaceutical industry, and high
R&D expenditure by pharmaceutical companies in the region.
According to the Pharmaceutical Research and Manufacturers of America (PhRMA),
its member companies invested an estimated $58.8 billion in R&D in 2015, an
increase of 10.3% from 2014. Similarly, according to Research America, investment
in medical and health R&D in the U.S. increased by 13.3% from 2013 to 2015. Also,
the United States Food and Drug Administration (USFDA) has imposed regulations
that require adherence to quality by design (QbD) principles, thereby, supporting
the growth of process analytical technology industry in North America.
Process Analytical Technology (PAT) Market

Key players in the market are launching advanced

process analytical technology products that have
application in a wide variety of processes
The key players in the process analytical technology market are introducing
advanced products in the market that have application in a wide variety of
processes. For instance, In January 2017, Ab Sciex LLC, a subsidiary of Danahar
Corporation, launched the X500B QTOF System in the X-Series Quadrupole Time of
Flight (QTOF) mass spectrometry (MS) platform for biotherapeutic analyses and was
one of the most compact MS system footprints on the market. In January 2017,
PerkinElmer Inc., launched the NexION 2000 Inductively Coupled Plasma Mass
Spectrometer (ICP-MS), designed to handle any sample matrix and detect any
particle size.
Process Analytical Technology (PAT) Market

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