The report on global process analytical technology market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to report the global process analytical technology market is expected to grow at a CAGR between 13.0% and 13.5 % over the forecast period of 2017 - 2023. The global market size was USD 1.56 billion in 2015.
Figure 1: Global Process Analytical Technology Market by value 2015 - 2023
The report identified that global process analytical technology is driven by factors such as requirement for manufacturing process effectiveness leading to quality improvement, technological advancements, and government regulations. While the restraining factors include high cost of process analytical technology deployment. Further, the report identifies the opportunities in the world market as emerging markets offer profitable growth opportunities, increasing acceptance of analytical instruments in bioprocesses.
The report on global process analytical technology market covers the segments based on products and services, technique, measurement and end user. The products and services of process analytical technology include products and services. The technique segment includes chromatography, particle size analysis, spectroscopy, capillary electrophoresis and other techniques. On the basis of measurement the global process analytical technology market is segmented as in-line measurement, at-line measurement, on-line measurement, and off-line measurement. On the basis of end user biopharmaceutical manufacturers, pharmaceutical manufacturers, contract research and manufacturing organizations and other end users.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography are provided over the period of 2015 – 2023.
Figure 2: Global Process Analytical Technology Market by Region
Globally, North America market dominated the world process analytical technology market followed by Europe and Asia-Pacific. Furthermore, Asia Pacific market is expected to grow at the highest CAGR over the forecast period 2017-2023.Due to the increasing government funding in the biotechnology industry, increasing focus of international players in emerging markets and increasing number of contract research and manufacturing organizations.
The report provides profiles of the companies in the global process analytical technology market such as, Perkinelmer, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Agilent Technologies, Inc., Mettler-Toledo International Inc., Danaher Corporation (Ab Sciex LLC), Emerson Electric Co., Bruker Corporation, Carl Zeiss AG (Zeiss Group), ABB Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global process analytical technology market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of process analytical technology market. Moreover, the study highlights current market trends and provides forecast from 2016 to 2023. We also have highlighted future trends in the process analytical technology market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.
This report will help manufacturers, suppliers and distributors of the process analytical technology market to understand the present and future trends in this market and formulate their strategies accordingly.
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