Global Process Spectroscopy Market to Grow at a CAGR of 7.10% During 2024-2032, Driven by Rapid Growth in the Pharmaceutical Industry

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Technology, Components, Application, and Region:

• The market, on the basis of technology, can be divided into mass spectroscopy, molecular spectroscopy, and atomic spectroscopy.

• By components, the market is segmented into hardware and software.

• On the basis of application, the market is categorised into oil and gas, polymer, metal and mining, water and wastewater, pulp and paper, pharmaceuticals, chemicals, food and agriculture, among others.

• The regional markets for process spectroscopy include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising adoption of technical facilities is driving the market for process spectroscopy.

•  The growth in the pharmaceutical industry is boosting the growth of the market.

• The increasing analysis of manufacturers has bolstered the market demand for process spectroscopy.

• The rising awareness of quality products coupled with standards among people is fuelling the growth of the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the technology, components, application, and regions of process spectroscopy.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790