Spectroscopy Technique Led Process Analytical Technology Industry

The term "process analytical technology" (PAT) refers to a system for the analysis and control of production processes that measures essential quality criteria and performance characteristics of raw and in-process materials. It makes it possible to use in-process data to evaluate a batch's quality during manufacturing, greatly lowering the requirement for final product testing, and thus shortening lead times.

Moreover, PAT has been crucial to the pharmaceutical industry's process development and scale-up of asymmetric chiral compound syntheses, including active pharmaceutical ingredients. Thus, the process analytical technology market is expected to hit USD 13,626.5 million by 2030, as per P&S Intelligence.

Further, the PAT's key advantage is that quality is integrated into the final output rather than being checked before it is released. It aids in reducing batch rejection, shortening manufacturing cycle times, and boosting automation.

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Rising Importance of PAT in Pharmaceutical Industry

The pharmaceutical manufacturers category holds the largest share, of 67%, in the market. This is due to the growing importance of PAT in the pharmaceutical industry's process development and scaling-up of asymmetric syntheses of chiral compounds, including active medicinal components.

Moreover, the category of biopharmaceutical manufacturers is predicted to register the fastest growth rate. This is a result of the growing biotechnology sector and increasing requirement for biochemical analysis brought on by the acceptance and introduction of several biologic medications.

A Sample Can Be Examined at Various Stages Using Spectroscopy

In 2022, the spectroscopy technique accounted for the largest share, 52.2%, in the market, and this category is predicted to maintain the fastest rate in the years to come. This is explained by the rise in pharmaceutical and biopharmaceutical R&D efforts and the accompanying process optimization in technology.

In addition, spectroscopy aids in determining a sample's atomic structure and the molecular structure of the muscle, monitoring the concentration of dissolved oxygen in freshwater and marine environments, researching the emission lines of distant galaxies, modifying the structure of drugs to increase their space exploration, identifying proteins, efficiency, and respiratory gas analysis in hospitals.

The most popular spectroscopic method has also been molecular spectroscopy. Due to its extensive applications and rising demand in the pharmaceutical and biopharmaceutical sectors, the category is predicted to enjoy significant expansion in the future years.

Rising Government Investment in Biotechnology and Pharmaceutical Sectors in Asia-Pacific

Geographically, APAC will grow at a 19.6% CAGR in the coming years attributed to the existence of several USFDA-approved pharmaceutical businesses, burgeoning biotechnology sector and expanding usage of analytical technologies, high R&D spending, increase in the frequency of various diseases that results in the rise in consumption of biologic and pharmaceutical medications and increase in healthcare spending.

Moreover, the European region is set to advance at an 18.2% rate in the future years. Despite maturing, the region's need for PAT products is mostly driven by the existence of large analytical technology businesses, a growing emphasis on quality, the expansion of the biotechnology sector, and rising R&D spending by pharmaceutical firms.

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How is COVID-19 Situation Affecting Process Analytical Technology Market?

Due to the growing population, which is susceptible to a wide array of diseases, the pharmaceutical industry has been growing steadily over the last decade or so. For instance, as per McKinsey, compared to the 9% CAGR the Indian pharma sector displayed in 2000–2005, it has been growing at an almost 14% CAGR since the last five years. The growth in developed nations has also been rather consistent, owing to the increasing disposable income of people, which is leading to high medical drug sales. Moreover, since drugs can have serious side-effects, the production process is constantly monitored and controlled.

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This is the primary reason for the expansion of the process analytical technology (PAT) market, as it is via this methodology that the manufacturing process of pharmaceuticals is tracked. During the process, several key performance parameters (KPP), which are essentially the factors that can affect the drug production process, are tracked, so the key quality attributes (KQA), which are basically the drugs’ desirable properties, are maintained. The major reason behind the surging adoption of PAT is the increasing investments in pharmaceutical research and development (R&D).

Currently, the world’s biggest problem is the COVID-19 pandemic, which, since beginning in December 2019, has claimed more than 320,000 victims around the world, as of May 19, 2020. The biggest problem with the disease is that since it is caused by a virus, it has no cure! Therefore, the whole world is currently hell bent on finding a suitable therapy, which is why a number of drugs are being tested and many more discovered. With more companies entering the race to find an effective antiviral, the use of PAT is bound to mushroom quickly in the immediate future.

Presently, North America is the largest contributor to the process analytical technology market, on account of its advanced healthcare infrastructure, presence of a large number of PAT solution providers, and stringent Food and Drug Administration (FDA) guidelines and regulations. Moreover, the continent has been the worst affected by the coronavirus pandemic, with the U.S. alone reporting over 1.5 million cases and more than 91,000 deaths, as of May 19, 2020. This is why the drug development and testing activities are rising at a rapid rate in the continent.

Thus, as the number of pharma companies rises, to cater to the growing demand for medication, the usage of PAT will increase too.

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