Process Analytical Technology Market by Products and Services, End User and Geography

The process analytical technology market is expected to reach $4.0 billion by 2023, growing at a CAGR of 12.9% during 2017-2023. The market is growing due to the rising R&D expenditure by drug manufacturers and investments by government in emerging economies on implementation of process analytical technology, growing adherence to the quality by design (QbD) principles, and rising focus on increasing quality and manufacturing process efficiency.

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In recent past, there have been many advancements in the analytical devices industry, with the introduction of new products that offer greater accuracy and application in a wide range of set-ups. For instance, in June 2017, Thermo Fisher Scientific Inc., launched new technologies designed to allow analytical chemists to obtain high-resolution separations with greater sensitivity and reproducibility. Also, in June 2017, Agilent Technologies Inc. introduced a number of new products to complete the InfinityLab LC series, part of the InfinityLab family of instruments, columns, and supplies. Agilent's new InfinityLab LC purification solution provides a complete portfolio of analytical scale to preparative scale purification systems. All these advancements in the analytical devices industry have led to greater demand for process analytical technology products and services, which in turn, is expected to drive the growth of the worldwide process analytical technology market.

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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.

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa (MEA)
• Turkey
• Israel
• Egypt
• South Africa
• Rest of MEA

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