Process Analytical Technology Market to Reach $4 billion by 2023

Process Analytical Technology Market Process analytical technology marketProcess analytical technology market is forecasted to achieve a value of $4 billion by The market is growing at a significant growth rate. with various factors such as rising research and development (R&D) expenditure by drug manufacturers and investments by government in emerging economies on the implementation of process analytical technology, and growing adherence towards quality by design (QbD) principles driving the demand for process analytical technology. Explore Report with Detailed TOC at: analytical-technology-market analytical-technology-market

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 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. Pre-Purchase Inquiry at: url=process-analytical-technology-market url=process-analytical-technology-market Process Analytical Technology Market

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 Market

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 Market

analysis/process-analytical-technology- market/report-sample Download report sample at: Process Analytical Technology Market

For information regarding permissions and other queries Kindly write to: US/Canada Toll-Free: GET IN TOUCH THANK YOU!