バイオ医薬品プロセス分析技術市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年5月

Biopharmaceutical Process Analytical Technology Market – Global Forecast to 2029

バイオ医薬品プロセス分析技術市場 : 技術(LC、GC、MS、qPCR、NGS、NMR、ラマン、赤外分光法)、製品(分析装置、センサー、ソフトウェア)、用途(ワクチン、生物製剤、CGT)、エンドユーザーの市場規模 – 2029年までの世界予測
Biopharmaceutical Process Analytical Technology Market Size by Technology (LC, GC, MS, qPCR, NGS, NMR, Raman, IR Spectroscopy), Product (Analyzer, Sensor, Software), Application (Vaccine, Biologics, CGT), and End User – Global Forecast to 2029

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Report Overview

The global biopharmaceutical process analytical technology market is projected to reach USD 2.6 billion by 2029 from USD 1.2 billion in 2024, at a CAGR of 16.0% during the forecast period of 2024 to 2029.

世界のバイオ医薬品プロセス分析技術市場は、2024年から2029年の予測期間中に16.0%のCAGRで、2024年の12億米ドルから2029年までに26億米ドルに達すると予測されています。

The market is on an upward trajectory fueled by a rise in biopharmaceutical research and development activities, coupled with technological advancements improving process efficiency. However, obstacles such as a shortage of skilled personnel and the high costs of implementing process analytical technology (PAT) are hindering the market’s growth.

バイオ医薬品プロセス分析技術市場 : 2029年までの世界予測

“The liquid chromatography/HPLC segment to hold the largest share of the market in 2023.”

Based on the type, the global biopharmaceutical process analytical technology market has been classified into five major segments—liquid chromatography, gas chromatography, mass spectrometry, real-time PCR/QPCR, NGS, NMR spectroscopy, Raman spectroscopy, infrared spectroscopy, particle counters and imaging, differential light scattering, and other techniques. By technology, liquid chromatography/HPLC to hold major market share in 2023. The growing adoption of liquid chromatography/HPLC technologies for assessing the quality of biopharmaceutical drugs is a key driver behind the sector’s rapid expansion.

“The software segment is projected to register the highest CAGR during the forecast period.”

Biopharmaceutical process analytical technology (PAT) services are provided to enhance the implementation of the Quality by Design (QbD) framework. These services encompass various software solutions, including consultation on PAT adoption, software development, regulatory compliance, and process management. The software sector is expected to witness significant growth, driven by increasing demand for services essential in creating PAT models and executing PAT strategies in biopharmaceutical manufacturing.

バイオ医薬品プロセス分析技術市場 : 2029年までの世界予測 ecosystem

“In terms of application, vaccines segment held the largest share of the market in 2023.”

Based on application, the biopharmaceutical process analytical technology market is broadly segmented into vaccines, cell and gene therapy, biosimilars & biologics, hormonal therapy, and other applications. The vaccines segment commanded the largest share of the market in 2023. Strict regulations in drug development and safety are the main drivers behind the expansion of this sector, bolstering the efficiency and effectiveness of biopharmaceutical manufacturing. Furthermore, heightened efforts in biopharmaceutical research and the expansion of production to address rising medicine demands are substantial contributors to this growth.

“The market in the APAC region is expected to witness the highest growth during the forecast period.”

China, India, and Japan are the key markets in the Asia Pacific. The growth of the Asia Pacific market is being driven by strategic expansions undertaken by major market players in emerging Asian nations, the flourishing Contract Research and Manufacturing Services (CRAMs) industry in India, Korea, Singapore, and China, the substantial biopharmaceutical industry presence in Singapore, as well as the organization of conferences, exhibitions, and meetings focusing on analytical instruments.

A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1 30%, Tier 2–42%, and Tier 3– 28%
• By Designation: C-level–14%, D Level–10%, and Others–76%
• By Region: North America–40%, Europe–30%, Asia Pacific–22%, Latin America–6%, and the Middle East & Africa–2%

バイオ医薬品プロセス分析技術市場 : 2029年までの世界予測 region

The prominent players in the biopharmaceutical process analytical technology market are Thermo Fisher Scientific, Inc. (US), Danaher Corporation (US), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), Bruker Corporation (US), Emerson Electric Co. (US), ABB Ltd. (Switzerland), PerkinElmer, Inc. (US), Mettler-Toledo International Inc. (US), and Carl Zeiss AG (Germany), among others.

Research Coverage

This report studies the biopharmaceutical process analytical technology market based on type, product type, mode, application, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions)

Reasons to Buy the Report

The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their market presence.

This report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios offered by the top players in the biopharmaceutical process analytical technology market
• Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the biopharmaceutical process analytical technology market
• Market Development: Comprehensive information on lucrative emerging regions
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the biopharmaceutical process analytical technology market
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

Table of Contents

1            INTRODUCTION            30

1.1         STUDY OBJECTIVES      30

1.2         MARKET DEFINITION   30

1.2.1      INCLUSIONS & EXCLUSIONS     31

1.3         MARKET SCOPE             32

1.3.1      MARKET SEGMENTATION         32

1.3.2      YEARS CONSIDERED     33

1.3.3      CURRENCY CONSIDERED          33

1.4         RESEARCH LIMITATIONS           33

1.5         STAKEHOLDERS            34

1.6         RECESSION IMPACT      34

2            RESEARCH METHODOLOGY     35

2.1         RESEARCH DATA           35

FIGURE 1           RESEARCH DESIGN       35

2.1.1      SECONDARY RESEARCH             36

2.1.2      PRIMARY RESEARCH     36

2.1.2.1   Primary sources   37

2.1.2.2   Key industry insights          38

2.1.2.3   Breakdown of primaries     38

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS 38

FIGURE 3           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    39

2.2         MARKET SIZE ESTIMATION       39

FIGURE 4           RESEARCH METHODOLOGY: HYPOTHESIS BUILDING  40

2.2.1      BOTTOM-UP APPROACH           40

2.2.1.1   Approach 1: Company revenue estimation approach    41

FIGURE 5           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET SIZE ESTIMATION: APPROACH 1 (COMPANY REVENUE ESTIMATION)              41

2.2.1.2   Approach 2: Customer-based market estimation          42

FIGURE 6           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH  42

2.2.1.3   Growth forecast   43

2.2.1.4   CAGR projection 43

FIGURE 7           CAGR PROJECTION: SUPPLY-SIDE ANALYSIS     43

2.3         DATA VALIDATION APPROACH             44

FIGURE 8           DATA TRIANGULATION METHODOLOGY         44

2.4         MARKET SHARE ASSESSMENT   45

2.5         STUDY ASSUMPTIONS  45

2.6         GROWTH RATE ASSUMPTIONS 45

2.7         RESEARCH LIMITATIONS           46

2.8         RISK ASSESSMENT         46

2.9         RECESSION IMPACT ANALYSIS 46

3            EXECUTIVE SUMMARY 47

FIGURE 9           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)            47

FIGURE 10         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY PRODUCT TYPE, 2024 VS. 2029 (USD MILLION)    48

FIGURE 11         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY APPLICATION, 2024 VS. 2029        49

FIGURE 12         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: GEOGRAPHICAL SNAPSHOT  50

4            PREMIUM INSIGHTS      51

4.1         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET OVERVIEW     51

FIGURE 13         GROWING R&D EXPENDITURE BY PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES TO DRIVE MARKET GROWTH        51

4.2         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY MODE       52

FIGURE 14         ONLINE MEASUREMENT TO DOMINATE MARKET DURING FORECAST PERIOD       52

4.3         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY REGION AND APPLICATION           52

FIGURE 15         NORTH AMERICA TO HOLD LARGEST SHARE OF ALL APPLICATION SEGMENTS IN 2024          52

4.4         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES      53

FIGURE 16         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       53

5            MARKET OVERVIEW     54

5.1         INTRODUCTION            54

5.2         MARKET DYNAMICS     54

FIGURE 17         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54

5.2.1      DRIVERS            55

5.2.1.1   Rising R&D investments by pharma companies and governments in emerging markets  55

FIGURE 18         PHARMACEUTICAL R&D EXPENDITURE: ANNUAL GROWTH RATE (%)           55

5.2.1.2   Growing incidence of infectious diseases and essential contribution of PAT in vaccine development         56

5.2.1.3   Requirement for improved efficiency in manufacturing processes driving enhancements in quality    56

5.2.1.4   Advancements in analytical device technology             57

5.2.2      RESTRAINTS     57

5.2.2.1   High cost of process analytical technology deployment 57

5.2.2.2   Governmental regulations pertaining to safety of drugs              57

5.2.3      OPPORTUNITIES           58

5.2.3.1   Increasing interest in PAT in emerging markets           58

5.2.3.2   Increasing utilization of analytical instruments in biopharmaceutical processes              59

5.2.4      CHALLENGES   60

5.2.4.1   Lack of skilled professionals             60

5.3         REGULATORY ANALYSIS            61

5.3.1      REGULATORY LANDSCAPE       61

TABLE 1             REGULATORY STANDARDS/APPROVALS REQUIRED FOR PROCESS ANALYTICAL TECHNOLOGY, BY COUNTRY/REGION 61

5.3.2      KEY REGULATORY BODIES & GOVERNMENT AGENCIES             61

TABLE 2             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         61

TABLE 3             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62

TABLE 4             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         63

TABLE 5             LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         63

TABLE 6             MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         64

5.3.3      KEY REGULATORY GUIDELINES             64

5.3.3.1   US         64

5.3.3.2   Europe  64

5.3.3.3   Asia Pacific          65

5.3.3.4   Rest of the World 65

5.4         VALUE CHAIN ANALYSIS            65

FIGURE 19         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS        66

5.5         SUPPLY CHAIN ANALYSIS          66

5.5.1      PROMINENT COMPANIES          66

5.5.2      SMALL AND MEDIUM-SIZED ENTERPRISES        66

5.5.3      END USERS       66

FIGURE 20         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: SUPPLY CHAIN ANALYSIS       67

5.6         ECOSYSTEM ANALYSIS 67

FIGURE 21         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS           67

TABLE 7             BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: ROLE IN ECOSYSTEM 68

5.7         INVESTMENT & FUNDING SCENARIO    68

FIGURE 22         NUMBER OF INVESTOR DEALS, BY KEY PLAYER, 2018–2022              68

FIGURE 23         VALUE OF INVESTOR DEALS, BY KEY PLAYER, 2018–2022 (USD MILLION)          69

5.8         PRICING ANALYSIS        69

FIGURE 24         AVERAGE SELLING PRICE TREND OF MAJOR PROCESS ANALYTICAL TECHNOLOGIES, BY TYPE (USD THOUSAND)       70

FIGURE 25         AVERAGE SELLING PRICE TREND OF MAJOR PROCESS ANALYTICAL TECHNOLOGIES, BY REGION (USD THOUSAND)  70

TABLE 8             AVERAGE SELLING PRICE OF PROCESS ANALYTICAL TECHNOLOGIES,  BY REGION, 2021–2023 (USD THOUSAND)     71

5.9         TRADE ANALYSIS          72

5.9.1      IMPORT DATA 72

TABLE 9             IMPORT DATA FOR CHROMATOGRAPHY SYSTEMS (HS CODE 902720), BY COUNTRY, 2019–2023 (USD THOUSAND)      72

TABLE 10           IMPORT DATA FOR SPECTROMETERS, SPECTROPHOTOMETERS, AND SPECTROGRAPHS (HS CODE 902730), BY COUNTRY, 2019–2023 (USD THOUSAND)            72

5.9.2      EXPORT DATA 73

TABLE 11           EXPORT DATA FOR CHROMATOGRAPHY SYSTEMS (HS CODE 902720), BY COUNTRY, 2019–2023 (USD THOUSAND)      73

TABLE 12           EXPORT DATA FOR SPECTROMETERS, SPECTROPHOTOMETERS, AND SPECTROGRAPHS (HS CODE 902730), BY COUNTRY, 2019–2023 (USD THOUSAND)            73

5.10       PATENT ANALYSIS        74

5.10.1    PATENT DETAILS FOR BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY (JANUARY 2013–DECEMBER 2023)           74

5.11       PORTER’S FIVE FORCE ANALYSIS           75

TABLE 13           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS      75

5.11.1    THREAT OF NEW ENTRANTS    75

5.11.2    THREAT OF SUBSTITUTES         75

5.11.3    BARGAINING POWER OF SUPPLIERS     75

5.11.4    BARGAINING POWER OF BUYERS           75

5.11.5    INTENSITY OF COMPETITIVE RIVALRY 76

5.12       KEY CONFERENCES & EVENTS  76

TABLE 14           LIST OF MAJOR CONFERENCES & EVENTS IN BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET IN JANUARY 2024-DECEMBER 2024 76

5.13       CASE STUDY ANALYSIS 77

5.13.1    NAVIGATING DIGITAL TRANSFORMATION: INTEGRATING ADVANCED TECHNOLOGIES FOR PAT IN BIOPHARMACEUTICAL MANUFACTURING.       77

5.13.1.1 Case 1: Advancements in process analytical technology             77

5.14       TECHNOLOGY ANALYSIS           77

5.14.1    KEY TECHNOLOGIES    77

5.14.1.1 Mass spectrometry (MS)   77

5.14.1.2 Liquid chromatography/HPLC        78

5.14.2    COMPLEMENTARY TECHNOLOGIES     78

5.14.2.1 Advanced sensor technologies          78

5.14.3    ADJACENT TECHNOLOGIES      79

5.14.3.1 Bioprocess monitoring and control systems    79

5.15       TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 79

FIGURE 26         REVENUE SHIFT IN BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET  79

5.16       KEY STAKEHOLDERS & BUYING CRITERIA          80

5.16.1    KEY STAKEHOLDERS IN BUYING PROCESS         80

FIGURE 27         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE CATEGORIES          80

TABLE 15           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)              80

5.16.2    BUYING CRITERIA         81

FIGURE 28         KEY BUYING CRITERIA FOR PROCESS ANALYTICAL TECHNOLOGY 81

TABLE 16           KEY BUYING CRITERIA FOR PROCESS ANALYTICAL TECHNOLOGY 81

5.17       UNMET NEEDS AND KEY PAIN POINTS 82

TABLE 17           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: CURRENT UNMET NEEDS       82

6            BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,

BY TYPE             83

6.1         INTRODUCTION            84

TABLE 18           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE,  2022–2029 (USD MILLION) 84

TABLE 19           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET VOLUME, BY TYPE, 2022–2029 (MILLION UNITS)           85

TABLE 20           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY REGION,  2022–2029 (USD MILLION)          85

6.2         LIQUID CHROMATOGRAPHY/HPLC      86

6.2.1      EARLY AND EFFICIENT SAMPLE ANALYSIS ASSOCIATED WITH LC TO DRIVE MARKET GROWTH          86

TABLE 21           DIFFERENTIATION OF LIQUID CHROMATOGRAPHY SYSTEMS              86

TABLE 22           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR LIQUID CHROMATOGRAPHY/HPLC, BY REGION, 2022–2029 (USD MILLION)          87

TABLE 23           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR LIQUID CHROMATOGRAPHY/HPLC, BY MODE, 2022–2029 (USD MILLION)          87

TABLE 24           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR LIQUID CHROMATOGRAPHY/HPLC, BY APPLICATION, 2022–2029 (USD MILLION) 88

6.3         GAS CHROMATOGRAPHY          88

6.3.1      GROWING ADOPTION OF COMPACT GC SYSTEMS IN MANUFACTURING FACILITIES TO BOLSTER GROWTH 88

TABLE 25           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR GAS CHROMATOGRAPHY, BY REGION, 2022–2029 (USD MILLION)              89

TABLE 26           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR GAS CHROMATOGRAPHY, BY MODE, 2022–2029 (USD MILLION)              89

TABLE 27           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR GAS CHROMATOGRAPHY, BY APPLICATION, 2022–2029 (USD MILLION)          90

6.4         MASS SPECTROMETRY 90

6.4.1      GROWING NEED FOR DUAL-MASS ANALYZERS TO PROPEL GROWTH              90

TABLE 28           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR MASS SPECTROMETRY, BY REGION, 2022–2029 (USD MILLION)              91

TABLE 29           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR MASS SPECTROMETRY, BY MODE, 2022–2029 (USD MILLION)              91

TABLE 30           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR MASS SPECTROMETRY, BY APPLICATION, 2022–2029 (USD MILLION)          92

6.5         REAL-TIME PCR/QPCR 92

6.5.1      EXPANSION OF PCR INSTRUMENTATION TO FAVOR MARKET GROWTH          92

TABLE 31           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR REAL-TIME PCR/QPCR, BY REGION, 2022–2029 (USD MILLION)              93

TABLE 32           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR REAL-TIME PCR/QPCR, BY MODE, 2022–2029 (USD MILLION)              93

TABLE 33           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR REAL-TIME PCR/QPCR, BY APPLICATION, 2022–2029 (USD MILLION)          94

6.6         NEXT-GENERATION SEQUENCING        94

6.6.1      INCREASING INVESTMENTS IN NEXT-GENERATION SEQUENCING (NGS) TECHNOLOGIES TO DRIVE MARKET EXPANSION             94

TABLE 34           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR NEXT-GENERATION SEQUENCING, BY REGION, 2022–2029 (USD MILLION)          95

TABLE 35           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR NEXT-GENERATION SEQUENCING, BY MODE, 2022–2029 (USD MILLION)          95

TABLE 36           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR NEXT-GENERATION SEQUENCING, BY APPLICATION, 2022–2029 (USD MILLION) 96

6.7         NUCLEAR MAGNETIC RESONANCE SPECTROSCOPY     96

6.7.1      ADVANCING BIOPHARMACEUTICAL QUALITY AND EFFICIENCY THROUGH NMR SPECTROSCOPY TO BOOST MARKET  96

TABLE 37           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR NMR SPECTROSCOPY, BY REGION, 2022–2029 (USD MILLION)              97

TABLE 38           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR NMR SPECTROSCOPY, BY MODE, 2022–2029 (USD MILLION)              97

TABLE 39           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR NMR SPECTROSCOPY, BY APPLICATION, 2022–2029 (USD MILLION)          98

6.8         RAMAN SPECTROSCOPY            98

6.8.1      EXPANDING ROLE OF RAMAN SPECTROSCOPY IN PROCESS MONITORING AND QUALITY CONTROL TO BOOST MARKET    98

TABLE 40           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR RAMAN SPECTROSCOPY, BY REGION, 2022–2029 (USD MILLION)              99

TABLE 41           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR RAMAN SPECTROSCOPY, BY MODE, 2022–2029 (USD MILLION)              99

TABLE 42           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR RAMAN SPECTROSCOPY, BY APPLICATION, 2022–2029 (USD MILLION)          100

6.9         INFRARED SPECTROSCOPY       100

6.9.1      INCREASING UTILIZATION OF MINIATURIZED GC SYSTEMS IN PRODUCTION PLANTS TO SUPPORT GROWTH 100

TABLE 43           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR INFRARED SPECTROSCOPY, BY REGION, 2022–2029 (USD MILLION)          101

TABLE 44           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR INFRARED SPECTROSCOPY, BY MODE, 2022–2029 (USD MILLION)              101

TABLE 45           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR INFRARED SPECTROSCOPY, BY APPLICATION, 2022–2029 (USD MILLION)          102

6.10       PARTICLE COUNTERS & IMAGING         102

6.10.1    INCREASING DEMAND FOR HIGH-QUALITY MEDICATIONS WITH REDUCED SIDE EFFECTS TO FACILITATE MARKET ACCEPTANCE          102

TABLE 46           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR PARTICLE COUNTERS & IMAGING, BY REGION, 2022–2029 (USD MILLION)          103

TABLE 47           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR PARTICLE COUNTERS & IMAGING, BY MODE, 2022–2029 (USD MILLION)          103

TABLE 48           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR PARTICLE COUNTERS & IMAGING, BY APPLICATION, 2022–2029 (USD MILLION) 104

6.11       DIFFERENTIAL LIGHT SCATTERING      104

6.11.1    CONTROLLED MANUFACTURING OF PHARMACEUTICALS WITH FEWER SIDE EFFECTS TO BOOST ADOPTION    104

TABLE 49           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR DIFFERENTIAL LIGHT SCATTERING, BY REGION, 2022–2029 (USD MILLION)          105

TABLE 50           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR DIFFERENTIAL LIGHT SCATTERING, BY MODE, 2022–2029 (USD MILLION)          105

TABLE 51           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR DIFFERENTIAL LIGHT SCATTERING, BY APPLICATION, 2022–2029 (USD MILLION) 106

6.12       OTHER TECHNIQUES   106

TABLE 52           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR OTHER TECHNIQUES, BY REGION, 2022–2029 (USD MILLION)              107

TABLE 53           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR OTHER TECHNIQUES, BY MODE, 2022–2029 (USD MILLION)              107

TABLE 54           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR OTHER TECHNIQUES, BY APPLICATION, 2022–2029 (USD MILLION)          108

7            BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,

BY PRODUCT TYPE       109

7.1         INTRODUCTION            110

TABLE 55           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)            110

7.2         ANALYZERS      110

7.2.1      TECHNOLOGICAL ADVANCEMENTS TO SUPPORT MARKET GROWTH              110

TABLE 56           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR ANALYZERS,  BY REGION, 2022–2029 (USD MILLION)       111

7.3         SENSORS & PROBES       112

7.3.1      QUICK TURNAROUND TIMES AND AUTOMATED PROCESSES TO FACILITATE MARKET ADOPTION          112

TABLE 57           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR SENSORS & PROBES, BY REGION, 2022–2029 (USD MILLION)              112

7.4         SAMPLERS        113

7.4.1      HIGH LEVEL OF ACCURACY AND REPRODUCIBILITY TO DRIVE MARKET GROWTH        113

TABLE 58           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR SAMPLERS,  BY REGION, 2022–2029 (USD MILLION)          113

7.5         SOFTWARE       114

7.5.1      GROWING ADOPTION OF PAT FRAMEWORKS WITHIN PHARMACEUTICAL COMPANIES TO BOLSTER ADOPTION         114

TABLE 59           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR SOFTWARE,  BY REGION, 2022–2029 (USD MILLION)        115

8            BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,

BY MODE           116

8.1         INTRODUCTION            117

TABLE 60           COMPARISON BETWEEN MEASUREMENT METHODS IN PAT              117

TABLE 61           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY MODE,  2022–2029 (USD MILLION)             117

8.2         ONLINE MEASUREMENT            118

8.2.1      IMPROVED PROCESS EFFICIENCY AND REDUCED PRODUCTION COSTS TO BOOST ADOPTION  118

TABLE 62           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR ONLINE MEASUREMENT, BY REGION, 2022–2029 (USD MILLION)              118

8.3         OFFLINE MEASUREMENT          119

8.3.1      HIGH FLEXIBILITY OF OFFLINE ANALYSIS TO DRIVE GROWTH 119

TABLE 63           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR OFFLINE MEASUREMENT, BY REGION, 2022–2029 (USD MILLION)              119

8.4         AT-LINE MEASUREMENT           120

8.4.1      GROWING USE OF AT-LINE MEASUREMENT TO BOOST MARKET GROWTH          120

TABLE 64           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR AT-LINE MEASUREMENT, BY REGION, 2022–2029 (USD MILLION)              120

8.5         IN-LINE MEASUREMENT            121

8.5.1      FAST TURNAROUND TIME TO BOOST SEGMENTAL GROWTH  121

TABLE 65           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR IN-LINE MEASUREMENT, BY REGION, 2022–2029 (USD MILLION)              121

9            BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,

BY APPLICATION           122

9.1         INTRODUCTION            123

TABLE 66           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY APPLICATION, 2022–2029 (USD MILLION)  123

9.2         VACCINES         123

9.2.1      GROWING PREVALENCE OF INFECTIOUS DISEASES TO DRIVE MARKET GROWTH FOR VACCINES           123

TABLE 67           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR VACCINES,  BY REGION, 2022–2029 (USD MILLION)          124

9.3         CELL & GENE THERAPY 125

9.3.1      GROWING DEMAND FOR STEM CELL AND CAR-T THERAPIES TO BOOST MARKET GROWTH        125

TABLE 68           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR CELL & GENE THERAPY, BY REGION, 2022–2029 (USD MILLION)              126

9.4         BIOSIMILARS & BIOLOGICS       126

9.4.1      HIGH LEVELS OF ACCURACY AND REPRODUCIBILITY TO PROPEL DEMAND FOR BIOSIMILARS & BIOLOGICS         126

TABLE 69           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR BIOSIMILARS & BIOLOGICS, BY REGION, 2022–2029 (USD MILLION)          127

9.5         HORMONAL THERAPY 127

9.5.1      IMPROVING CANCER TREATMENT WITH ADVANCED HORMONAL THERAPY TO FAVOR MARKET GROWTH            127

FIGURE 29         GLOBAL CANCER CASES, 202O VS. 2022 128

TABLE 70           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR HORMONAL THERAPY, BY REGION, 2022–2029 (USD MILLION)              128

9.6         OTHER APPLICATIONS 129

TABLE 71           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2029 (USD MILLION)              129

10          BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,

BY REGION        130

10.1       INTRODUCTION            131

TABLE 72           BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY REGION,  2022–2029 (USD MILLION)          131

10.2       NORTH AMERICA          131

FIGURE 30         NORTH AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET SNAPSHOT         132

10.2.1    NORTH AMERICA: RECESSION IMPACT 133

TABLE 73           NORTH AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          133

TABLE 74           NORTH AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)              134

TABLE 75           NORTH AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY MODE, 2022–2029 (USD MILLION)              134

TABLE 76           NORTH AMERICA: PROCESS ANALYTICAL TECHNOLOGY MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)            135

TABLE 77           NORTH AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          135

10.2.2    US         135

10.2.2.1 Stringent regulations and dominance of pharma and biopharma firms to propel market growth     135

TABLE 78           US: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    136

10.2.3    CANADA            137

10.2.3.1 Widespread occurrence of cancer and promising funding landscape to bolster market growth     137

TABLE 79           CANADA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    138

10.3       EUROPE             138

10.3.1    EUROPE: RECESSION IMPACT   139

TABLE 80           EUROPE: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY COUNTRY, 2022–2029 (USD MILLION)       139

TABLE 81           EUROPE: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    140

TABLE 82           EUROPE: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY MODE, 2022–2029 (USD MILLION)  140

TABLE 83           EUROPE: PROCESS ANALYTICAL TECHNOLOGY MARKET, BY PRODUCT TYPE,  2022–2029 (USD MILLION)     141

TABLE 84           EUROPE: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY APPLICATION, 2022–2029 (USD MILLION) 141

10.3.2    GERMANY         141

10.3.2.1 Growing adoption of biopharmaceutical process analytical technology (PAT) to propel market      141

TABLE 85           GERMANY: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    142

10.3.3    FRANCE             143

10.3.3.1 Infrastructure development and increasing life science R&D investment to propel growth   143

TABLE 86           FRANCE: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    143

10.3.4    UK         144

10.3.4.1 Government initiatives to boost market expansion       144

TABLE 87           UK: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE,  2022–2029 (USD MILLION)  145

10.3.5    ITALY   145

10.3.5.1 Conducive funding environment in Italy to boost market           145

TABLE 88           ITALY: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    146

10.3.6    SPAIN   146

10.3.6.1 Growing focus on cancer screening and digital health initiatives to boost market              146

TABLE 89           SPAIN: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    147

10.3.7    REST OF EUROPE           147

TABLE 90           REST OF EUROPE: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)              148

10.4       ASIA PACIFIC    148

FIGURE 31         ASIA PACIFIC: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET SNAPSHOT      149

10.4.1    ASIA PACIFIC: RECESSION IMPACT        150

TABLE 91           ASIA PACIFIC: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY COUNTRY, 2022–2029 (USD MILLION)       150

TABLE 92           ASIA PACIFIC: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY TYPE, 2022–2029 (USD MILLION)  151

TABLE 93           ASIA PACIFIC: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY MODE, 2022–2029 (USD MILLION) 151

TABLE 94           ASIA PACIFIC: PROCESS ANALYTICAL TECHNOLOGY MARKET, BY PRODUCT TYPE,  2022–2029 (USD MILLION)             152

TABLE 95           ASIA PACIFIC: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY APPLICATION, 2022–2029 (USD MILLION) 152

10.4.2    JAPAN  152

10.4.2.1 Advanced infrastructure to support market growth in Japan       152

TABLE 96           JAPAN: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    153

10.4.3    CHINA  153

10.4.3.1 Growing demand for PAT to boost market     153

TABLE 97           CHINA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY TYPE, 2022–2029 (USD MILLION)  154

10.4.4    INDIA   155

10.4.4.1 Growing biopharmaceutical industry to drive market growth      155

TABLE 98           INDIA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    155

10.4.5    AUSTRALIA       156

10.4.5.1 Government investments to propel market growth       156

TABLE 99           AUSTRALIA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY TYPE, 2022–2029 (USD MILLION)  157

10.4.6    SOUTH KOREA 157

10.4.6.1 Extensive insurance coverage to boost market growth  157

TABLE 100         SOUTH KOREA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY TYPE, 2022–2029 (USD MILLION)  158

10.4.7    REST OF ASIA PACIFIC  158

TABLE 101         REST OF ASIA PACIFIC: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)              159

10.5       LATIN AMERICA             159

10.5.1    LATIN AMERICA: RECESSION IMPACT   159

TABLE 102         LATIN AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          160

TABLE 103         LATIN AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY TYPE, 2022–2029 (USD MILLION)              160

TABLE 104         LATIN AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY MODE, 2022–2029 (USD MILLION)              161

TABLE 105         LATIN AMERICA: PROCESS ANALYTICAL TECHNOLOGY MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)            161

TABLE 106         LATIN AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET,  BY APPLICATION, 2022–2029 (USD MILLION)          162

10.5.2    BRAZIL 162

10.5.2.1 Expansion within biopharmaceutical sector to contribute to market growth              162

TABLE 107         BRAZIL: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    163

10.5.3    MEXICO             163

10.5.3.1 Growing exports of biopharmaceuticals to drive market in Mexico           163

TABLE 108         MEXICO: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)    164

10.5.4    REST OF LATIN AMERICA          164

TABLE 109         REST OF LATIN AMERICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)              165

10.6       MIDDLE EAST & AFRICA             165

10.6.1    MIDDLE EAST & AFRICA: RECESSION IMPACT   166

TABLE 110         MIDDLE EAST & AFRICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY TYPE, 2022–2029 (USD MILLION)              167

TABLE 111         MIDDLE EAST & AFRICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY MODE, 2022–2029 (USD MILLION)              167

TABLE 112         MIDDLE EAST & AFRICA: PROCESS ANALYTICAL TECHNOLOGY MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)              168

TABLE 113         MIDDLE EAST & AFRICA: BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          168

11          COMPETITIVE LANDSCAPE       169

11.1       OVERVIEW        169

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          169

11.2.1    OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET              170

TABLE 114         OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURING COMPANIES             170

11.3       REVENUE ANALYSIS      171

FIGURE 32         REVENUE ANALYSIS OF TOP THREE PLAYERS IN BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET (2019–2023)    171

11.4       MARKET SHARE ANALYSIS         172

FIGURE 33         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET SHARE ANALYSIS OF KEY PLAYERS (2023)        172

TABLE 115         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: DEGREE OF COMPETITION   172

11.5       COMPANY EVALUATION MATRIX: KEY PLAYERS            173

11.5.1    STARS  174

11.5.2    EMERGING LEADERS    174

11.5.3    PERVASIVE PLAYERS     174

11.5.4    PARTICIPANTS 174

FIGURE 34         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023           175

11.5.5    COMPANY FOOTPRINT: KEY PLAYERS  176

FIGURE 35         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: COMPANY FOOTPRINT          176

TABLE 116         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: PRODUCT FOOTPRINT           177

TABLE 117         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: REGIONAL FOOTPRINT          178

11.6       COMPANY EVALUATION MATRIX: STARTUPS/SMES      179

11.6.1    PROGRESSIVE COMPANIES       179

11.6.2    RESPONSIVE COMPANIES          179

11.6.3    DYNAMIC COMPANIES 179

11.6.4    STARTING BLOCKS       179

FIGURE 36         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023     180

11.6.5    COMPETITIVE BENCHMARKING            181

TABLE 118         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUPS/SME PLAYERS      181

TABLE 119         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY EMERGING PLAYERS/STARTUPS     182

11.7       COMPANY VALUATION & FINANCIAL METRICS 183

FIGURE 37         EV/EBITDA OF KEY VENDORS   183

FIGURE 38         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF  KEY VENDORS           183

11.8       BRAND/PRODUCT COMPARISON          184

FIGURE 39         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY MODEL              184

11.9       COMPETITIVE SCENARIO          185

11.9.1    PRODUCT LAUNCHES  185

TABLE 120         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: PRODUCT LAUNCHES, JANUARY 2020–MARCH 2024    185

11.9.2    DEALS  186

TABLE 121         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: DEALS, JANUARY 2020–MARCH 2024   186

11.9.3    EXPANSIONS    190

TABLE 122         BIOPHARMACEUTICAL PROCESS ANALYTICAL TECHNOLOGY MARKET: EXPANSIONS, JANUARY 2020–APRIL 2024         190

12          COMPANY PROFILES    191

12.1       KEY PLAYERS   191

(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

12.1.1    WATERS CORPORATION            191

TABLE 123         WATERS CORPORATION: COMPANY OVERVIEW             191

FIGURE 40         WATERS CORPORATION: COMPANY SNAPSHOT (2023) 192

TABLE 124         WATERS CORPORATION: PRODUCTS OFFERED 192

TABLE 125         WATERS CORPORATION: DEALS            193

12.1.2    DANAHER CORPORATION         194

TABLE 126         DANAHER CORPORATION: COMPANY OVERVIEW         194

FIGURE 41         DANAHER CORPORATION: COMPANY SNAPSHOT (2023)              195

TABLE 127         DANAHER CORPORATION: PRODUCTS OFFERED          195

TABLE 128         DANAHER CORPORATION: DEALS         196

12.1.3    THERMO FISHER SCIENTIFIC INC.          197

TABLE 129         THERMO FISHER SCIENTIFIC INC.: COMPANY OVERVIEW              197

FIGURE 42         THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT (2023)   198

TABLE 130         THERMO FISHER SCIENTIFIC INC.: PRODUCTS OFFERED              198

TABLE 131         THERMO FISHER SCIENTIFIC INC.: PRODUCT LAUNCHES              199

TABLE 132         THERMO FISHER SCIENTIFIC INC.: DEALS          200

12.1.4    AGILENT TECHNOLOGIES, INC.             202

TABLE 133         AGILENT TECHNOLOGIES, INC.: COMPANY OVERVIEW 202

FIGURE 43         AGILENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT (2023)              203

TABLE 134         AGILENT TECHNOLOGIES, INC.: PRODUCTS OFFERED 203

TABLE 135         AGILENT TECHNOLOGIES, INC.: PRODUCT LAUNCHES 204

TABLE 136         AGILENT TECHNOLOGIES, INC.: DEALS             204

12.1.5    SHIMADZU CORPORATION       206

TABLE 137         SHIMADZU CORPORATION: COMPANY OVERVIEW        206

FIGURE 44         SHIMADZU CORPORATION: COMPANY SNAPSHOT (2022)              207

TABLE 138         SHIMADZU CORPORATION: PRODUCTS OFFERED         208

TABLE 139         SHIMADZU CORPORATION: PRODUCT LAUNCHES        209

TABLE 140         SHIMADZU CORPORATION: EXPANSIONS          210

12.1.6    PERKINELMER, INC.      211

TABLE 141         PERKINELMER, INC.: COMPANY OVERVIEW       211

FIGURE 45         PERKINELMER, INC.: COMPANY SNAPSHOT (2022)         212

TABLE 142         PERKINELMER, INC.: PRODUCTS OFFERED        213

TABLE 143         PERKINELMER, INC.: PRODUCT LAUNCHES       213

12.1.7    BRUKER CORPORATION            214

TABLE 144         BRUKER CORPORATION: COMPANY OVERVIEW             214

FIGURE 46         BRUKER CORPORATION: COMPANY SNAPSHOT (2023) 215

TABLE 145         BRUKER CORPORATION: PRODUCTS OFFERED 216

TABLE 146         BRUKER CORPORATION: PRODUCT LAUNCHES             217

TABLE 147         BRUKER CORPORATION: DEALS            218

12.1.8    METTLER-TOLEDO INTERNATIONAL INC.         219

TABLE 148         METTLER-TOLEDO INTERNATIONAL INC.: COMPANY OVERVIEW        219

FIGURE 47         METTLER-TOLEDO INTERNATIONAL INC.: COMPANY SNAPSHOT (2023)          220

TABLE 149         METTLER-TOLEDO INTERNATIONAL INC.: PRODUCTS OFFERED          220

TABLE 150         METTLER-TOLEDO INTERNATIONAL INC.: DEALS         222

12.1.9    CARL ZEISS AG (ZEISS GROUP) 223

TABLE 151         CARL ZEISS AG: COMPANY OVERVIEW  223

FIGURE 48         CARL ZEISS AG: COMPANY SNAPSHOT (2022)    224

TABLE 152         CARL ZEISS AG: PRODUCTS OFFERED   224

12.1.10  EMERSON ELECTRIC CO.           225

TABLE 153         EMERSON ELECTRIC CO.: COMPANY OVERVIEW            225

FIGURE 49         EMERSON ELECTRIC CO.: COMPANY OVERVIEW            226

TABLE 154         EMERSON ELECTRIC CO.: PRODUCTS OFFERED             226

12.1.11  ABB       227

TABLE 155         ABB: COMPANY OVERVIEW       227

FIGURE 50         ABB: COMPANY SNAPSHOT (2023)         228

TABLE 156         ABB: PRODUCTS OFFERED        228

TABLE 157         ABB: EXPANSIONS         229

12.1.12  SARTORIUS AG 230

TABLE 158         SARTORIUS AG: COMPANY OVERVIEW 230

FIGURE 51         SARTORIUS AG: COMPANY SNAPSHOT (2023)   231

TABLE 159         SARTORIUS AG: PRODUCTS OFFERED  231

TABLE 160         SARTORIUS AG: DEALS 232

TABLE 161         SARTORIUS AG: EXPANSIONS   232

12.1.13  PROCESS INSIGHTS, INC.            233

TABLE 162         PROCESS INSIGHTS, INC.: COMPANY OVERVIEW            233

TABLE 163         PROCESS INSIGHTS, INC.: PRODUCTS OFFERED             233

12.1.14  MERCK KGAA   234

TABLE 164         MERCK KGAA: COMPANY OVERVIEW    234

FIGURE 52         MERCK KGAA: COMPANY SNAPSHOT (2023)      235

TABLE 165         MERCK KGAA: PRODUCTS OFFERED     236

TABLE 166         MERCK KGAA: DEALS   236

12.1.15  VERUM ANALYTICS, LLC            238

TABLE 167         VERUM ANALYTICS, LLC: COMPANY OVERVIEW            238

TABLE 168         VERUM ANALYTICS, LLC: PRODUCTS OFFERED             239

12.2       OTHER PLAYERS           240

12.2.1    HAMILTON COMPANY 240

12.2.2    ENDRESS+HAUSER GROUP SERVICES AG           241

12.2.3    VIAVI SOLUTIONS INC. 241

12.2.4    METROHM AG  242

12.2.5    CONTROL DEVELOPMENT, INC.            243

12.2.6    NECI     243

12.2.7    SCHMIDT + HAENSCH  244

12.2.8    SENSUM D.O.O. 245

12.2.9    AMETEK, INC.   246

12.2.10  SENTRONIC GMBH        247

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13          APPENDIX         248

13.1       DISCUSSION GUIDE      248

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             252

13.3       CUSTOMIZATION OPTIONS      254

13.4       RELATED REPORTS       254

13.5       AUTHOR DETAILS         255