Global Process Analytical Technology Market 2017-2023 – Market is Projected to Grow at a CAGR of 12.9%

By , in PR PR Health on .

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 2017-2023.

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.

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.

According to the Pharmaceutical Research and Manufacturers of America (PhRMA), its member companies invested an estimated $58.8 billion in R&D in 2015, an increase of 10.3% from 2014. Similarly, according to Research America, investment in medical and health R&D in the U.S. increased by 13.3% from 2013 to 2015. Also, the United States Food and Drug Administration (USFDA) has imposed regulations that require adherence to quality by design (QbD) principles, thereby, supporting the growth of process analytical technology industry in North America.

Key Topics Covered:

1. Research Background

2. Research Methodology

3. Executive Summary

4. Introduction

5. Global Market Size and Forecast

6. North America Market Size and Forecast

7. Europe Market Size and Forecast

8. Asia-Pacific Market Size and Forecast

9. Latin America Market Size and Forecast

10. Middle-East & Africa (MEA) Market Size and Forecast

11. Competitive Landscape

12. Company Profiles

  • ABB Group
  • Agilent Technologies, Inc.
  • Bruker Corporation
  • Carl Zeiss AG
  • Danaher Corporation
  • Emerson Electric Co.
  • Mettler-Toledo International Inc.
  • PerkinElmer, Inc.
  • Shimadzu Corporation
  • Thermo Fisher Scientific Inc.

For more information about this report visit https://www.researchandmarkets.com/research/j8dh3z/global_process?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-process-analytical-technology-market-2017-2023—market-is-projected-to-grow-at-a-cagr-of-129-300574971.html

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

The following two tabs change content below.
Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
%d bloggers like this: