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Process analysis technology (PAT) has played an important role in process development and scaling of asymmetric syntheses of chiral molecules, including active pharmaceutical ingredients in the pharmaceutical industry. PAT enables effective monitoring of reaction pathways, leading to a better understanding of the process and the development of a more robust and safer process. Over the years, PAT has been developed based on various spectroscopic techniques and has proven versatile in applications for understanding chemical reactions, including asymmetric transformations. The market has witnessed remarkable growth due to the development of more powerful reagents, instruments and devices. Moreover, with the advent of advanced technologies, the market is expected to witness significant growth opportunities in the near future.
The market is expected to witness admirable growth thanks to the growing demand for process automation technologies and continuous product innovations. Furthermore, stringent environmental standards along with the growing demand for analytical instrumentation in the wastewater and water management sectors are expected to drive the growth of the overall instrumentation and analytical systems market in the near future. The primary use of various analytical tools and systems lies within industrial manufacturing process solutions that require fast, accurate, and bias-free results. In addition, the use of automated analytical tools and systems in the pharmaceutical industry reduces human intervention and allows for easy control and monitoring of data. Furthermore, the growing use of analytical tools in biotechnology sector is anticipated to drive the growth of this market. Over the past few years, the growth of the market has been driven by factors such as increasing acceptance of process engineering equipment, high investments in pharmaceuticals across the globe, stringent safety regulations medicines, increasing attention to food quality and the expansion of crude oil and shale gas production as well as technological advances in mass spectrometers. This is expected to boost the growth of the market in the upcoming years.
Over the past few years, the growth of the market has been stimulated by factors such as increasing acceptance of process engineering equipment, high investments in pharmaceuticals across the globe, stringent safety regulations medicines, increasing attention to food quality and the expansion of crude oil and shale gas production as well as technological advances in mass spectrometers. Furthermore, the market is expected to have new opportunity with the technological advancements and ongoing R&D involved in manufacturing of advanced process analytical instruments is expected to provide ample of new growth opportunity in the market during the forecast period. Besides, emerging features and new technologies has gained major attention of most users and this factor is expected to provide rising new growth opportunities for the market over the forecast period.
Since modern tools rely heavily on computers to function, a visit or demonstration is a good way to assess the suitability of your monitoring and reporting software. Experience shows that for many vendors this is the weakest link in their product because sometimes the software doesn't do what it's supposed to do. Often a new model or type of equipment is only truly useful if an update is available that corrects the errors. The supplied computers are sometimes barely up to the task in terms of processing power and disk memory. Performance can sometimes be improved by upgrading both before purchase, as it is usually cheaper than the next upgrade. Software licensing should be considered, as different companies have different licenses: some allow use on other computers for data processing; others require the purchase of a second license for this purpose. Such issues may restrain the growth of the market.
The high cost of analytical instruments is restraining the growth of the market studied. Apart from the cost of instruments, various other costs such as labor, maintenance, and laboratory costs are also restraining the growth of the market. Additionally, changing features and functionality, technological advances, and innovative systems also increase the cost of analytical instruments. Also, lack of skilled professionals in underdeveloped countries is expected to be a major challenge for the market growth over the forecast period.
The report provides in-depth analysis of global Process Analytical Instrumentation market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various process analytical instruments in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The global Process Analytical Instrumentation market comprises of different market segments like type, end users and geography.
By type, the Process Analytical Instrumentation market includes the key segments of
Gas chromatograph is expected to dominate the market over the forecast period. Gas chromatography (GC) is a common analytical technique used to separate and analyze volatile and semivolatile compounds in a mixture. It is a popular analytical technique because it combines exceptional resolving power with speed and sensitivity. It is widely applied in many industries including environmental, petroleum, chemical, food and beverage and pharmaceutical. In addition, it can reduce equipment downtime and increase the productivity of this process. It also offers an important advantage in the simultaneous analysis of multiple components. This makes it very beneficial for process engineering. Due to all factors, gas chromatographs are expected to lead the market over the forecast period.
Liquid analyzers are used to determine the chemical composition of substances directly involved in a chemical reaction. These liquid analyzers are also used to measure the physical parameters of the liquid which determine its chemical composition. A number of liquid analyzers are currently available on the market. Environmental protection, consistent product quality, process optimization and safety are some of the reasons why liquid analysis is becoming increasingly important. Therefore, liquid analyzers are expected to witness a high demand in the coming years.
The Process Analytical Instrumentation market has major end users like
Pharmaceutical and biotechnology sector is expected to lead the market over the estimated time period. Process analytical technology is used to describe a broader shift in pharmaceutical manufacturing from static batch production to a more dynamic approach. This includes defining the critical process parameters (CPP) of the equipment used to manufacture the product that affect the critical quality characteristics (CQA) of the product and then controlling those CPPs within defined limits. This allows manufacturers to produce consistent quality products and also helps reduce overall waste and costs. It is also useful in biotechnology for analytical testing, optimization of the production process, etc. The requirement of process analysis technology is critical at every stage of the manufacturing process. Hence, pharmaceuticals and biotechnology sector is expected to dominate the market over the forecast period.
The water must be tested for essential parameters such as purity, pH, alkalinity, turbidity, etc. Chromatographic tools are very useful for analyzing these parameters. Waste and process water treatment is necessary to protect human health and the environment and to maintain the efficiency of industrial processes. Most regulators require regular analytical testing of wastewater at various stages of treatment. Analytical tools are widely used for various treatment methods. Therefore, due to these factors, water and wastewater segment is anticipated to have healthy growth in the market over the forecast period.
The global Process Analytical Instrumentation market is studied for the following regions
North America is anticipated to lead the market due to presence to well established market players. Besides, a high amount of spending in the R&D activities is expected to drive the growth of the market over the forecast period. According to Pharmaceutical Commerce, the pharmaceutical market in the United States is on the rise. By 2023, Americans are expected to spend between $635 billion and $655 billion on pharmaceuticals. Compared to 2019, this indicates a solid increase in spending from 29.6 to 33.7% in 2020. As a result, it could almost certainly be the country with the highest spending with respect to pharmaceuticals.
The demand for analytical instruments has increased significantly in the Asia-Pacific region. In particular, these products have been used in the region to combat climate change, aging population, food production and new energy sources. Analytical instrument suppliers have also responded to market demand through local business distribution and direct sales. Countries like India are also one of the emerging markets in the analytical instrumentation sector due to the increased investments in test and research and development activities. The growing awareness among the country's growing end-user industries is also spurring investment in the sought-after market. Therefore, the analytical tools market in the country has grown exponentially over the recent years.
Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Process Analytical Instrumentation market. In addition, complete analysis of changes on the global Process Analytical Instrumentation market expenditure, economic and international policies on supply and demand side is provided in this exclusive report. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The COVID-19 outbreak has had a huge impact on the entire life sciences and analytical tools industry. The temporary closure of manufacturing facilities and growing fears of virus contamination have impacted the production of the equipment needed for market growth. In addition, on-site personnel restrictions have affected pharmaceutical companies the most. Most major pharmaceutical companies have been temporarily shut down completely. Additionally, safety restrictions in laboratory areas have necessitated the implementation of social distancing, increased disinfection procedures, self-monitoring for COVID-19 symptoms, and increased PPE requirements. But, the harsh effect of COVID-19 on patients with chronic diseases such as diabetes and cancer has increased the demand for such instruments. These instruments are very beneficial with various analytical and diagnostic purposes. Therefore, the market is expected to have significant growth opportunities in the post-pandemic time period.
The competitive landscape analysis of Process Analytical Instrumentation market is majorly focused on expanding the global growth of process analytical instruments sector with new product innovation, business expansion, increasing presence of range of manufacturers operating in process analytical instruments industry has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
November 2021: Thermo Fisher Scientific had announced the launch of its new mass spectrometry (MS) instruments, workflows, and software, which the company showcased at the 69th American Society for Mass Spectrometry (ASMS) Conference on Mass Spectrometry and Allied Topics.
October 2021: Bruker Corporation had announced the launch of its large sample Dimension IconIRnanoscale infrared spectroscopy and chemical imaging systems. The platform combines Dimension Icon AFM and nanoIR photothermal AFM-IR technology to establish new chemical and material property mapping standards with sub-10nm chemical imaging resolution.
By type, the Process Analytical Instrumentation market includes the key segments of gas chromatographs, gas analyzers, liquid analyzers and spectrometers. Gas chromatograph is expected to dominate the market over the forecast period. The Process Analytical Instrumentation market has major end users like oil and gas, chemicals and petrochemicals, pharmaceutical and biotechnology, metal and mining, water and wastewater and others. Pharmaceutical and biotechnology sector is expected to lead the market over the estimated time period. The global Process Analytical Instrumentation market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is anticipated to lead the market due to presence to well established market players.
| Market Sizing for
Year: | 2019-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD million |
| Market Segment
studied: | Type End
Users |
| Market Players and
its Competitors: | ABB
Ltd. Siemens
AG Bruker
Corporation Emerson
Electric Co. Endress
& Hauser AG Extrel
CMS LLC Focused
Photonics Inc. Hach
Company Horiba
Ltd Mettler
Toledo MKS
Instruments Inc. Neo
Monitors AS Schneider
Electric SE |
FREQUENTLY ASKED QUESTIONS
What would be forecast period in the market report?
2022-2088 is the forecast period in the market report.
Which is the leading end-user for the Process Analytical Instrumentation market?
Pharmaceutical and biotechnology sector has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
Which region is gaining majority of market share during the forecast period (2022-2028)?
North America is expected to gain major market share during the forecast period (2022-2028).
