Latest
industry research report on: Global Process Analytical Technologies
for Pharmaceuticals Market | Industry Size, Share, Research, Reviews,
Analysis, Strategies, Demand, Growth, Segmentation, Parameters,
Forecasts
Pharmaceutical product
manufacturing comprises stringent procedure in which monitoring and
regulation of each and every step is highly essential and crucial
affair. The pharmaceutical products are related with the health and
life of an individual; hence the errorless analysis of each and every
step is required.
According to the U.S. FDA,
process analysis technology (PAT) can be defined as a mechanism or
system used to analyze, evaluate and control pharmaceutical
manufacturing process with the help of evaluation of critical process
parameters (CPP) that influences critical quality attributes (CQA).
Owing to tight regulations and requirements of various international
certificates such as ISO and GMP for critical monitoring of
pharmaceutical processes, the demand of these techniques has been
increased.
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The
market of process analytical technologies for pharmaceuticals can be
segmented on the basis of processes (services), equipment and
applications of PAT. The equipment are further divided into
spectrophotometers (mass spectrometer, UV-Visible spectrophotometer,
nuclear magnetic resonance spectrophotometer, infrared
spectrometers), chromatography instrument set (thin layer
chromatography, gas chromatography, liquid chromatography),
dissolution instrument, particle size analyzers (sieving,
sedimentation, dynamic light scattering, aerosol mass spectrometry),
capillary electrophoresis devices and others (hardness tester,
physical properties [size, shape, color], friability test). On the
basis of services, it is segmented into consultancy, calibration and
database management system (DBMS). Moreover, on the basis of
applications, it is divided into lyophilization, coating,
compression, evaporation, raw material selection, packaging and
others. Additionally, the market is segmented on the basis of
geography, such as North America, Europe, Asia-Pacific and Rest of
the World (RoW). At present, North America and Europe are the most
prominent markets, owing to extensive pharmaceutical industries.
However, Asia-Pacific and some countries in RoW are expected to show
lucrative growth in the upcoming period, owing to increase in number
of pharmaceutical infrastructure and technologies.
The
market of process analytical technologies for pharmaceuticals is
expected to show a lucrative growth during the forecast period from
2014 to 2020. This growth is expected to fuel by the factors such as
strong pharmaceutical infrastructure in developed countries and rapid
increase in number of pharmaceutical production units in the
developing countries and technological advancements. Increasing
pharmaceutical production and R&D are considered as the most
important drivers of this market. For instance, according to the
statistics provided by the European Federation of Pharmaceutical
Industries and Association (EFPIA), the pharmaceutical production in
Europe has increased from USD 112,000 million in 1990 to USD
2,620,000 million in 2012. This astonishing increase in
pharmaceutical sector is expected to propel the market growth during
the forecast period from 2014 to 2020. Furthermore, owing to
technological advancements, a number of new and technologically sound
devices are entering in the global market and the entry of these
devices is anticipated to contribute in the growth of the market.
Other important factors that are likely to drive market growth
include increasing regulatory and government pressure to implement
various tests during manufacture, rising prevalence of different
diseases that fuels the demand of pharmaceutical formulations and
others. On the other hand, high cost and tedious operations of the
instruments, lack of technically competent workforce and threat of
malfunctions and false results are the key hurdles that are likely to
limit the growth of PAT market during the forecast period from 2014
to 2020.
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Some of the major companies
operating in this market include Danaher Corporation, Honeywell,
Agilent Technologies, Fluke Biomedical, Tektronix, Inc. Thermo Fisher
Scientific, Inc. and Carl Zeiss AG amongst others.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
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forecast assessed on the basis of how the market is predicted to grow
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