Advanced Process Analytical Technologies - A Major Boost for the Global Pharma Manufacturing Industry

This report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.

Major Industry Dynamics:

Drivers:

# Increase in R&D Spending By Pharmaceutical and Biopharmaceutical Firms and Government Investments in Emerging Countries

# Government Regulations on Drug Safety

# Need for Manufacturing Process Efficiency Leading to Quality Improvement

# Technological Advancements in Analytical Devices

Restraints:

# High Cost of Process Analytical Technology Deployment

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Opportunities: 

# Emerging Markets Offer Lucrative Growth Opportunities

# Growing Adoption of Analytical Instruments in Bioprocesses (Research and Manufacturing)

Challenges:

# Dearth of Skilled Professionals

Current Trends: 

# Outsourcing to Contract Manufacturing Organizations

# Adoption of Quality By Design(QBD) Principles

North America is expected to account for the largest share of the global process analytical technology market in 2016, followed by Europe. Stringent regulatory guidelines to provide safe drugs is encouraging the use of PAT and the presence of a large number of market players are propelling the growth of the North American process analytical technology market. Asia-Pacific region is expected to grow at the highest CAGR in the forecast period.

Growing government investments in pharmaceutical R&D and the rise in contract research and manufacturing organizations in emerging Asia-Pacific countries are the key factors driving the growth of the Asia-Pacific market.

The process analytical technology market is dominated by established players such as Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bruker Corporation (U.S.), and PerkinElmer, Inc. (U.S.).

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Major Stakeholders of This Market:

# Process analytical technology manufacturers, suppliers, and providers

# Pharmaceutical and biopharmaceutical firms

# Contract research and manufacturing organizations

# Academic and private research institutions

Companies in the process analytical technology market are majorly focusing on product launches for strengthening their market share; this strategy accounted for 63.5% of the total number of strategic developments undertaken by key players in this market.