Press Release
Press Release
The growing usage of process spectroscopy by drug manufacturers to assess the quality of the material is driving the growth of process spectroscopy market across the globe. Going further, this technique is obtaining popularity on account of the ability to monitor, analyse, and control manufacturing processes coupled with identifying defects in product materials and developing the quality of products is further expected to fuel the market growth of process spectroscopy globally during the forecast period.
The increasing demand for process spectroscopy in reaction vessels, large volumetric probes, and bioreactors for water and wastewater treatment and slipstreams are further boosting the growth of process spectroscopy globally.
For instance, in April 2022, Bruker Corporation (Nasdaq: BRKR) announced the acquisition of Optimal Industrial Automation and Technologies, which is a leader in pharma and biopharma process analytical technology (PAT), pharma manufacturing automation and Quality Assurance (QA) software and systems integration, based in the United Kingdom. The Optimal biopharma tools acquisition reinforces Bruker as a major software and solutions provider for small biologics, molecule, and new drug modalities pharma companies.
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The major players in the global market for process spectroscopy are Bruker Corporation, BÜCHI Labortechnik AG, Sartorius AG, Shimadzu Corporation, Agilent Technologies, Inc., and tec5USA Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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