Global Process Analytical Technology Market By Technology(Molecular Spectroscopy, Atomic Spectroscopy, Mass Spectrometry),By Product & Service(Analyzers, Sensors & Probes, Samplers, Software & Services),By Application(Small Molecules, Large Molecules), By Measurement(Off-line Measurement, In-line Measurement, At-line Measurement, On-line Measurement) By End User(Pharmaceutical Manufacturers, Biopharmaceutical Manufacturers), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2023-2032

Report Overview

In 2022, the Global Process Analytical Technology Market size was valued at USD 3.0 Billion and is expected to grow to USD 10.6 Billion in 2032. Between 2023 and 2032, this market is estimated to register a CAGR of 13.8%.

The term “process analysis technology” (PAT), refers to the use of advanced technologies and tools for real-time monitoring of and managing industrial processes. PAT includes a range of approaches and techniques, including spectroscopy and chromatography.

These are used to provide precise, timely, and useful data that can then be used to optimize production and ensure product quality. The COVID-19 pandemic created a demand for Process Analytical Technology to improve product quality and optimize production processes.

*Actual Numbers Might Vary In The Final Report

Key Takeaways

• The global process analytical technology market is predicted to grow at a CAGR of 13.8% between 2023 and 2032.
• The market size is expected to increase from USD 3.0 billion in 2022 to around USD 10.6 billion by 2032.
• In 2022, the spectrography segment dominated the Process Analytical Technology market.
• The analyzers segment accounted for the largest revenue share in the
• Process Analytical Technology market in 2022.
• The large molecule segment held the largest market share in application type analysis.
• In 2022, the in-line segment dominated the largest market share in measurement type analysis.
• Pharmaceutical manufacturers dominated the end-user analysis with the largest market share.
• North America had the highest revenue share in the process analytical technology market in 2022, accounting for 33.8%.
• Cancer caused around 10 million deaths worldwide in 2020.
• In 2020, 19.3 million cancer cases were reported, expected to rise to 30.2 million by 2040.
• The spectroscopy segment contributed to 43.1% of the total revenue share in 2022.
• The chromatography technology segment had a CAGR of 10.3% in 2022.
• The analyzers segment held 32% of the market share in 2022.
• The in-line segment in the process analytical technology market had the largest revenue share of 42.5%.
• The pharmaceutical manufacturer’s segment in the process analytical technology market had a revenue share of 32.5% during the forecast period.

Driving Factors

PAT enables enterprises to increase the effectiveness of their industrial processes and the quality of their products by enabling real-time monitoring and control. The demand for PAT is being driven by the growing adoption of automation and digitalization in sectors including chemical, pharmaceutical, and food & beverage. To give a complete picture of the production process, PAT technologies can be combined with automation systems. PAT assists manufacturers in lowering production costs by increasing energy efficiency, maximizing the use of raw materials, and minimizing waste.

PAT is widely used in the pharmaceutical business, and rising R&D expenditures are anticipated to fuel demand for these technologies. In sectors including the chemical, pharmaceutical, and food and beverage industries, real-time analytics is becoming more and more significant.  PAT gives producers access to real-time information regarding the production process, empowering them to take prompt action and streamline their procedures. Particularly in the pharmaceutical sector, the regulatory climate for the use of PAT is improving. To increase the quality and safety of pharmaceutical products, regulatory organizations like the US FDA are promoting the use of PAT.

Restraining Factors

PAT deployment necessitates a large investment in hardware, software, and employee training, which could be prohibitive for startups or businesses with tight resources. PAT necessitates specialized knowledge and skills in analytical methods and software, which may be scarce in some areas and result in a lack of qualified workers.

PAT implementation can be challenging, and to ensure that the system is properly set up and validated, manufacturers and equipment suppliers must work closely together. Large-scale data gathering and analysis may give rise to worries about data security and privacy, particularly in fields like pharmaceuticals, where sensitive data is handled.

Growth Opportunities

As new applications and technologies appear and businesses progressively use these cutting-edge analytical techniques to optimize their production processes and raise the quality of their products, the global PAT market is anticipated to expand. Opportunities for PAT will develop along with the demand for quality control and process optimization in these sectors. PAT’s capabilities are growing, and new applications for it are becoming possible thanks to the advent of new technologies, including portable spectroscopy, multi-dimensional chromatography, and microfluidics.

The expansion of the PAT market has a lot of potential given the growth of emerging markets in areas like Latin America and Asia-Pacific.  Small and medium-sized businesses (SMEs) are rapidly implementing PAT technologies as their costs come down to enhance their production procedures and compete with larger businesses. The pharmaceutical industry’s transition to continuous manufacturing is opening up new possibilities for the use of PAT technologies to monitor and regulate production processes in real-time.

Trending Factors

There is a growing market for PAT solutions across many industries. This has stimulated the development of new technologies and applications. Combining AI and machine learning with PAT allows for real-time analytics and decision-making, which results in more precise and accurate control of industrial processes. Because of their portability, handheld and portable PAT devices have become more popular. This makes it easier to monitor manufacturing processes in real-time.

Cloud-based solutions are increasingly popular because they offer easy access to data and analytics and are more affordable for small and medium-sized companies. Because it allows for greater control over the manufacturing process and guarantees product quality, PAT technology is increasingly being used in pharmaceutical development and production. In sectors such as chemicals, PAT technologies are becoming increasingly popular. They can be used to improve manufacturing processes, reduce waste, and decrease environmental impact due to growing sustainability.

By Technology Analysis

The Spectroscopy Segment is the Most Lucrative in the Global Process Analytical Technology Market.

Based on technology, the market for process analytical technology is segmented into Spectroscopy, Chromatography, Particle Size Analysis, Gas Chromatography, and Others. Among these types, the spectroscopy segment is the most lucrative in the global process analytical technology market. The total revenue share of spectroscopy process analytical technology is 43.1% in 2022. Followed by chromatography, which accounted for 10.3% CAGR in 2022.

Spectroscopic technology can offer real-time details on the physical and chemical properties of a product. It is broken down into numerous sub-segments, including the fourier transform infrared spectroscopy (FTIR) and near-infrared spectroscopy (NIR). The pharmaceutical and biotechnology sectors employ chromatography technologies to separate components from mixtures of substances. High-performance liquid chromatography (HPLC), gas chromatography (GC), and ion chromatography are examples of sub-segments. (IC).

By Product & Service Analysis

The Analyzers Segment is the Most Lucrative Segment in the Global Process Analytical Technology Market During the Forecasted Period.

By product and service, the market is further divided into analyzers, sensors & probes, samplers, and software & services. The analyzer’s product and service segment is estimated to be the most lucrative segment in the global process analytical technology market, with a market share of 32% in 2022.

Also, the sensors and probes product segment is estimated to account for 11.3% CAGR. The use of dedicated analyzers to monitor process parameters such as temperature, pressure, and pH, and is commonly used in industries such as oil and gas, chemicals, and petrochemicals.

By Application Analysis

The Large Molecule Segment is Estimated to be the Most Dominant Segment in the Global Process Analytical Technology Market.

Based on application, the market is divided into small molecules, large molecules, manufacturing applications, and other applications. The large molecule segment is estimated to be the most dominant segment in the global process analytical technology market. The large molecules segment in global process analytical technology (PAT) refers to the use of advanced analytical technologies and tools for the development and production of large molecule-based drugs such as proteins, peptides, antibodies, and nucleic acids.

The development of large-molecule drugs involves complex manufacturing processes, and the analysis of these processes requires specialized analytical technologies that can monitor and control critical parameters. PAT tools are used to optimize these manufacturing processes, reduce costs, and ensure consistent product quality.

By Measurement Analysis

The In-line Segment is Estimated to be the Most Lucrative Segment in the Global Process Analytical Technology Market.

Based on measurement, the market is segmented into in-line measurement, off-line measurement, at-line measurement, and on-line measurement. Among these measurements, the in-line segment is estimated to be the most lucrative segment in the global process analytical technology market, with the largest revenue share of 42.5% during the forecast period.

The on-line segment is projected to CAGR 11.3% during the forecast period. On-line measurement is the measuring of process parameters away from the manufacturing process but close to it, whereas in-line measurement is the measurement of process parameters inside the manufacturing process. Both in-line and on-line measurement systems provide real-time data on crucial process parameters, enabling prompt modifications to be made to guarantee constant product quality.

By End-User Analysis

The Pharmaceutical Manufacturers Segment is Estimated to be the Most Dominated Segment in the Global Process Analytical Technology Market.

Based on end-users, the market is segmented into Pharmaceutical Manufacturers, Biopharmaceutical Manufacturers, Contract Research and Manufacturing Organizations, and Other End-Users. Among these end-users, the pharmaceutical manufacturer’s segment is estimated to be the most lucrative segment in the global process analytical technology market, with the largest revenue share of 32.5% during the forecast period.

The biotechnology manufacturers segment is the fastest-growing segment during the forecast period. One of the biggest end-users of PAT technologies and processes is the pharmaceutical industry. PAT is used to keep track of medication production procedures, guarantee the quality of the finished goods, and boost production effectiveness. As the pharmaceutical sector looks to save costs and improve product quality, PAT use is anticipated to increase further.

Another significant PAT end-user is the biotechnology sector. Fermentation, cell culture, and protein purification are just a few of the bioprocesses that are monitored and managed using PAT tools and techniques. As the biotechnology sector continues to expand and create new biologics-based treatments, the use of PAT is anticipated to rise.

Key Market Segments

Based on Technology

• Spectroscopy
• Molecular Spectroscopy
• Atomic Spectroscopy
• Mass Spectrometry
• Chromatography
• High-Performance Liquid Chromatography
• Gas Chromatography
• Others
• Particle Size Analysis
• Gas Chromatography
• Others

Based on Product & Service

• Analyzers
• Sensors & Probes
• Samplers
• Software & Services

Based on Application

• Small Molecules
• Large Molecules
• Manufacturing Applications
• Other Applications

Based on Measurement

• Off-line Measurement
• In-line Measurement
• At-line Measurement
• On-line Measurement

Based on End User

• Pharmaceutical Manufacturers
• Biopharmaceutical Manufacturers
• Contract Research and Manufacturing Organizations
• Other End Users

Regional Analysis

North America is estimated to be the Most Lucrative Market in the Process Analytical Technology Market During the Forecasted Period.

North America is estimated to be the most lucrative market in the global process analytical technology market, with the largest market share of 33.8%, and is expected to register a CAGR of 8.1% during the forecast period. North America is the largest market for PAT due to its presence of many important biotechnology and pharmaceutical companies.

The US is the most important market for PAT in North America due to its growing use of advanced analytics technology and process optimization technology. Europe is the second largest market for PAT, due to the growth of the biotech and pharmaceutical sectors. Germany, France, and the United Kingdom are the largest markets for PAT within Europe. The fastest growth in the PAT market is expected to be in Asia-Pacific due to the expansion in THE biotechnology and pharmaceutical sectors in countries like China, India, and Japan.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

There are many small and large firms participating in the highly fragmented worldwide PAT industry. Due to the growing acceptance of PAT solutions across a variety of industries, including pharmaceuticals, chemicals, and food and beverages, the market is anticipated to continue expanding at a healthy rate.

To meet the expanding demand for real-time analytics, process optimization, and product quality control across many industries, businesses are concentrating on developing improved PAT solutions. To increase their visibility and market share in the international PAT market, they are also taking part in strategic alliances, partnerships, and mergers and acquisitions.

Market Key Players

Listed below are some of the most prominent process analytical technology industry players.

• PerkinElmer Inc.
• Shimadzu Corporation
• Carl Zeiss AG
• Mettler-Toledo International Inc.
• Emerson Electric Co.
• ABB Ltd.
• Danaher Corporation
• Thermo Fisher Scientific Inc.
• Agilent Technologies Inc.
• Bruker Corporation
• Sartorius AG
• Hamilton Company
• Repligen Corporation

Recent Developments

• Many key players in the PAT market have launched new solutions to cater to the growing demand for real-time analytics and process optimization. For example, in 2021, Thermo Fisher Scientific launched a new PAT solution called “Omni FTIR” that offers real-time analysis of pharmaceutical processes.
• The use of AI and machine learning is growing in the PAT market, as companies seek to optimize their production processes and improve product quality. For example, in 2021, PerkinElmer launched a new AI-powered PAT solution called “PhenoVue”, which uses machine learning to analyze large volumes of data in real-time.
• Many companies in the PAT market are focusing on sustainability and developing solutions that enable the efficient use of resources and reduce waste. For example, in 2021, ABB Ltd. launched a new PAT solution called “ABB Ability Smart Sensor for chemical dosing” that enables the efficient use of chemicals in industrial processes.

Report Scope