The global process analytical technology 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.
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Global market is segmented on basis of technique, measurement, products and services, end user, and region.
On basis of technique, market is segmented into spectroscopy, chromatography, particle size analysis, capillary electrophoresis, and other techniques (calorimetry, thermal analysis, total organic carbon analysis, and FIA).
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1 Market Size Estimation
2 Market Breakdown and Data Triangulation
3 Key Data From Secondary Sources
4 Key Data From Primary Sources
5 Key Industry Insights
6 Assumptions for the Study
1 Process Analytical Technology: Market Overview
2 Geographic Analysis: Market, By Technique (2016)
3 Market Size, By Product, 2016 vs 2021
4 Market Size, By End User, 2016 vs 2021
5 Market Geographic Growth Opportunities
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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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.
Global Market Drivers
1 Increase in R&D Spending By Pharmaceutical & Biopharmaceutical Firms & Government Investments in Emerging Countries
2 Government Regulations on Drug Safety
3 Need for Manufacturing Process Efficiency Leading to Quality Improvement
4 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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