[161 Pages Report] The global process analytical technology (PAT) market is poised to reach USD 3.30 Billion by 2021 from USD 1.77 Billion in 2016, at a CAGR of 13.3% from 2016 to 2021.

The global market is segmented on the basis of technique, measurement, products and services, end user, and region. On the basis of technique, the market is segmented into spectroscopy, chromatography, particle size analysis, capillary electrophoresis, and other techniques (calorimetry, thermal analysis, total organic carbon analysis, and FIA). The spectroscopy segment is expected to account for the largest share of the global process analytical technology product market in 2016. Increasing number of pharmaceutical and biopharmaceutical R&D activities and technological advancements resulting in process optimization are some of the key factors driving the growth of the spectroscopy segment.

On the basis of measurement, the market is divided into on-line, in-line, at-line, and off-line methods of measurement. The on-line analysis segment is expected to account for the largest share of the market in 2016. Low turn-around time and consistency in results obtained by on-line analysis are the major factors responsible for the large share of this segment.

On the basis of products and services, the process analytical technology market is segmented into analyzers, sensors and probes, and samplers. The products segment is expected to account for the largest share of the market in 2016. Increasing drug discovery and development activities and stringent regulations for drug safety are stimulating the demand for PAT products in the market.

Growth in the 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. Other factors supporting market growth include an increase in R&D spending by pharma and biopharma companies and increasing government investments in emerging countries. The emerging markets are also expected to offer plenty of growth opportunities for players in the market. The high cost of process analytical technology deployment and a dearth of skilled professionals are expected to limit market growth to a certain extent.

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.).

Stakeholders

Process analytical technology manufacturers, suppliers, and providers

Pharmaceutical and biopharmaceutical firms

Contract research and manufacturing organizations

Academic and private research institutions

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Scope of the Report

The market study doesn�t cover the market size in terms of volume

Company developments not reported in the public domain are not included in this report

Particular Scope Region North America

Europe

Asia-Pacific

Rest of the World (RoW) Historical Years 2014 Base Year 2015 Estimated Year 2016-e Forecast Period 2016-e�2021-p Revenue Currency USD

Market Segmentation

This research report categorizes the market on the basis of technique, measurement, products and services, end user, and region

Global Process Analytical Technology Market, by Technique

Spectroscopy

Molecular Spectroscopy

Mass Spectrometry

Atomic Spectroscopy

Chromatography

Liquid Chromatography

Gas Chromatography

Others

Particle Size Analysis

Capillary Electrophoresis

Other Techniques

Global Process Analytical Technology Market, by Measurement

On-line

In-line

At-line

Off-line

Global Process Analytical Technology Market, by Products and Services

Products

Analyzers

Sensors and Probes

Samplers

Services

Global Process Analytical Technology Market, by End User

Pharmaceutical Manufacturers

Biopharmaceutical Manufacturers

Contract Research and Manufacturing Organizations

Other End Users

Global Process Analytical Technology Market, by Region

North America

Europe

Asia-Pacific

Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

The global process analytical technology market is projected to reach USD 3.30 Billion by 2021 from USD 1.77 Billion in 2016, growing at a CAGR of 13.3% during the forecast period.

Growth in the 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. Other factors supporting market growth include an increase in R&D spending by pharma and biopharma companies and increasing government investments in emerging countries.

In addition, growing adoption of analytical instruments in the burgeoning biopharmaceutical markets and lucrative emerging markets are expected to offer growth opportunities for manufacturers of process analytical technology solutions. However, the high cost of PAT deployment and a dearth of skilled professionals and infrastructural loopholes in developing markets are restraining the growth of this market.

The process analytical technology market is segmented on the basis of technique, products and services, measurement, end user, and region. Based on technique, the market is segmented into spectroscopy, chromatography, particle size analysis, capillary electrophoresis, and other techniques (calorimetry, thermal analysis, total organic carbon analysis, and FIA). The spectroscopy segment is expected to account for the largest market share in 2016 and is expected to grow at the fastest CAGR during the forecast period. The large share of this segment can be attributed to the higher adoption of the technique due to its non-invasive nature. The spectroscopy segment is further divided into molecular spectroscopy, mass spectrometry, and atomic spectroscopy. The chromatography segment is further divided into liquid chromatography, gas chromatography, and other chromatography (thin liquid chromatography (TLC), supercritical fluid chromatography (SFC), and ion exchange chromatography).

Based on products, the market is further divided into analyzers, sensors and probes, and samplers. Based on measurement, the market is segmented into on-line, in-line, at-line, and off-line methods of analysis. Based on end user, the market is divided into pharmaceutical manufacturers, biopharmaceutical manufacturers, contract research and manufacturing organizations, and other end users (academic and research laboratories and forensic testing laboratories).

North America is expected to account for the largest share of the market in 2016. Regulatory compliance encouraging the use of PAT and presence of a large number of market players are propelling the growth of the North American market. However, the Asia-Pacific region is estimated to witness the highest growth during the forecast period. In recent years, the Asia-Pacific market for process analytical technology is witnessing significant growth owing to the rising government funding in the biotechnology industry, increasing number of contract research and manufacturing organizations, and increasing focus of international players in emerging markets.

Major players operating in the Process Analytical Technology Market include Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bruker Corporation (U.S.), and PerkinElmer, Inc. (U.S.).

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