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Process analytical technology is defined by the United States Food and Drug Administration as a system for the design, analysis, and control of manufacturing through timely (i.e., during processing) measurement of critical quality characteristics and performance of raw and in-process materials and processes for the purpose of ensuring the quality of the final product. The market in the region is expected to have high growth due to the presence of key market players and a high spending with respect to various R&D activities. Persistent government support coupled with excellent education has fueled the growth of the life science industry. Huge studies are accelerating using cutting-edge technologies to enhance the study of living organisms, thus helping to improve transformative health care through the use of advanced analytical instruments. These factors are also anticipated to provide ample of new growth opportunities for the market in the region in the upcoming years.
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. The growth of the North America Process Analytical Instrumentation Market is stimulated by excessive demand for the high quality analytical instruments. Driving factors also include, advancements in pharmaceutical and biotechnological sectors, competitive studies and improvement in treatment mechanisms in treating numerous variations of diseases, rise in government funding in research and development activities, and favourable reimbursement and regulatory situation. All these factors is expected to boost the market growth.
The market is also supported by the widespread use of analytical equipment in the food industry. As governments implement increasingly stringent regulations, food manufacturers are turning to analytical instrumentation technologies such as mass spectroscopy to verify food safety. The effective identification of microbiological contamination is enhanced through the use of analytical instruments, which is fuelling the expansion of the industry. Additionally, increasing research activity to develop rapid tools to identify potential food contamination is fuelling the use of mass spectroscopy, driving market growth.
The market is expected to have growing new growth opportunities with rise in demand for the use of new and advanced analytical equipment and devices along with the special features. Also, the innovative R&D activities has gained momentum over the past few years, due to which most players have increased their R&D spending. Likewise, growth and diversification of the market along with new collaborations are key factors which are expected to create new opportunities for the market players during the projection period.
The North America Process Analytical Instrumentation Market is expected to have market restraints in terms of the excessive costs related to the maintenance of instruments and the rise in market consolidation which is developing as a restriction for new companies to access and are creating boundaries for the market growth. These are the elements which are predicted to restrain the market growth during the mentioned forecast period.
The North America Process Analytical Instrumentation Market faces challenges when it comes to the shortage in the amount of skilled professionals in the field to biotechnological research sector. Also another challenging aspect involved is high cost involved in the manufacturing of analytical instruments. These are the key challenges which may result in restricting the growth of the market over the projected time period.
The report provides in-depth analysis of North America 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 advanced 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 North America Process Analytical Instrumentation market comprises of different market segments like type, end-user, application and Country.
By type, the North America 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.
By end-user, the North America Process Analytical Instrumentation market includes the key segments of
Pharmaceutical and biotechnological sector is expected to exhibit high growth in the forecast period. The factors responsible for it being increased R&D activities along with better funding resources that leads its growth towards a high rate with positive outcomes. 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 North American Process Analytical Instrumentation market is studied for the following countries
The United States is expected to dominate the North American region over the estimated time period due to the tremendous growth in research and development activities along with the presence of a well-established and advanced pharma and healthcare system. 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 in pharmaceuticals.
The market in Canada is expected to witness significantly high growth in over the forecast period owing to the adoption of advanced technological innovations and the increase in research and development activities in the field of biotechnology and related sectors
A 360 degree analysis of micro and macro-economic factors on the North America Process Analytical Instrumentation market is provided in this exclusive report generated by Axiom MRC. In addition, complete analysis of changes on the North America Process Analytical Instrumentation market expenditure, economic and international policies on supply and demand side is included in this 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.
COVID-19 has definitely had a severe negative impact due to factors such as stringent lockdown measures and massive disruptions in the supply chain. This has definitely caused as a restriction to market growth. 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. Additionally, factors like key government initiatives, increase in R&D spending, and rise in healthcare expenditure undoubtedly have had a positive effect on the North America Process Analytical Instrumentation market. The focus on all these aspects has increased during the COVID-19 phase. Moreover, post COVID-19 the market is expected to boost rising growth opportunities and is expected to have an emerging demand in the upcoming years
The competitive landscape analysis of the North America Process Analytical Instrumentation market is majorly focused on expanding the growth of Process Analytical Instrumentation in North America with new product innovation, business expansion, increasing presence of range of manufacturers operating in Process Analytical Instrumentation industry has led the growing demand for the market. Besides, the market offers range of products in different application to fulfill the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
January 2021: ENVEA had launched the new portable multi-gas monitor, intending to meet the demands of regulatory and routine stack emission monitoring while saving users'' time throughout their on-site day. The MIR 9000P complies with worldwide regulations and standards, including those by the US EPA. For eight parameters, it ensures great accuracy and wide measuring ranges (NOx, SO2, CO, CO2, CH4, N2O, O2, and residual H2O). The analyzer uses a built-in paramagnetic sensor to measure O2 while using the non-dispersive infrared technique with gas filter correlation (NDIR-GFC) (SRM).
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.
The North America Process Analytical Instrumentation market comprises of different market segment like type, end-user, application and geography. By type, the North America Process Analytical Instrumentation market includes key segments of gas chromatographs, gas analyzers, liquid analyzers and spectrometers. The gas chromatograph segment is likely to have a continuing and growing demand in the market. On the basis of end-user, the market is segmented into oil and gas, chemicals and petrochemicals, pharmaceutical and biotechnology, metal and mining, water and wastewater and others. The pharmaceutical and biotechnological sector is expected to exhibit high growth in the forecast period. The North America Process Analytical Instrumentation market is studied for the following countries United States, Canada and Mexico. The United States is expected to dominate the North American region over the estimated time period due to the tremendous growth in research and development activities along with an enormous R&D spending.
| Market Sizing for
Year: | 2019-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD million |
| Market Segment
studied: | Type End-user |
| Market Players and
its Competitors: | Emerson Electric Co Extrel CMS LLC Hach Company Mettler Toledo MKS Instruments Inc. Siemens AG Endress & Hauser
AG Thermo Fisher
Scientific Neo Monitors AS Schneider Electric SE ABB Ltd. ServomexGroup Limited Bruker Corporation Focused Photonics Inc. |
FREQUENTLY ASKED QUESTIONS
What is the study period for the North America Process Analytical Instrumentation market?
The study period for the market is 2022-2028.
Which is the leading end-user for the North America Process Analytical Instrumentation market?
Pharmaceutical and biotechnology segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
Which country is gaining majority of market share during the forecast period (2022-2028)?
United States is expected to gain major market share during the forecast period (2022-2028).
