Report : Middle East & Africa Solvent Evaporation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Rotary Evaporators, Nitrogen Blowdown Evaporators, Centrifugal Evaporators, and Spiral Air Flow Evaporators) and End User (Pharmaceutical and Biopharmaceutical Industry, Diagnostic Laboratories, and Research and Academic Institutes)
Research and Academic Institutes Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Solvent Evaporation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User” is expected to reach US$ 41.97 million by 2028 from US$ 28.16 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report provides trends prevailing in the MEA solvent evaporation market along with the drivers and restraints pertaining to the market growth. Burgeoning use of advanced solvent evaporator and growth of biotech industries in developing countries are the major factor driving the growth of the MEA solvent evaporation market. However, obstacles such as inaccuracies in results and wastage of resources hinders the growth of MEA solvent evaporation market.
In case of COVID-19, MEA is highly affected especially Turkey followed by South Africa, Iran, and Saudi Arabia. Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and cannot implement any public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region. The Saudi government policies are favored of domestic pharmaceutical manufacturers including not any import duties on raw materials & intermediate products and interest-free funding support the growth of the pharmaceutical market in this region. As solvent evaporation majorly used in drug development phase, so there was low impact of covid-19 on the solvent evaporation market.
The MEA solvent evaporation market has been segmented based on type, end user, and country. Based on type, the market is segmented into rotary evaporators, nitrogen blowdown evaporators, centrifugal evaporators, and spiral air flow evaporators. The rotary evaporators segment dominated the MEA solvent evaporation market in 2020 and nitrogen blowdown evaporators segment is expected to be fastest growing during forecast period. The rotary evaporators segment is further segmented into small-volume rotary evaporators and large-volume rotary evaporators. Based on end user, the market is segmented into the pharmaceutical and biopharmaceutical industry, diagnostic laboratories, and research and academic institutes. The pharmaceutical and biopharmaceutical industry segment dominated the MEA solvent evaporation market in 2020 and research and academic institutes segment is expected to be fastest growing during forecast period. Based on country, the market has been segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
Apricot Designs, Inc.; Biotage AB; Büchi Labortechnik AG; Heidolph Instruments GmbH & CO. KG; IKA Werke GmbH & CO. KG; KNF NEUBERGER, INC.; LabTech S.r.l.; Organomation Associates, Inc.; Porvair plc; SCINCO CO.,LTD.; and Yamato Scientific co., ltd. are among the leading companies in the MEA solvent evaporation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Organomation, a leading laboratory evaporation solutions provider has partnered with KNF to provide rotary evaporators to customers worldwide. Organomation will offer additional KNF rotary evaporator accessories such as a chiller, vacuum system, bump trap, a cold finger condenser, and a protective shield.
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