Report : North America 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)
Rotary Evaporators Segment to Dominate North America Solvent Evaporation Market During 2021–2028
According to a new market research study on “North America Solvent Evaporation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User” is expected to reach US$ 295.87 million by 2028 from US$ 184.70 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The report provides trends prevailing in the North America solvent evaporation market along with the drivers and restraints pertaining to the market growth. Growing R&D expenditure in pharmaceutical industry and increasing product launches are the major factor driving the growth of the North America solvent evaporation market. However, issues such as inaccuracies in results and wastage of resources hinders the growth of North America solvent evaporation market.
In case of COVID-19, North America is highly affected specially the US. The outbreak of the COVID-19 pandemic situation shown some favorable scenario for players operating in the solvent evaporations market. Various people across the North American region are affected with corona virus. The effect of the corona is mild in adults; however, it is adverse in older people. The infection of corona among older people has resulted in severe complications and has accounted for a good number of deaths in the country. But during the pandemic situation, life science companies engaged in development of novel drugs for the treatment of life threaten diseases. Therefore, solvent evaporation products is required in drug design and development. Furthermore, due to the high numbers of FDA approved drugs during 2020 has positive impact of the covid-19 on the solvent evaporation market. In 2020, FDA approved 53 novel drugs. Similarly, a product launched support the growth of the solvent evaporation during pandemic. In July 2020, BUCHI Labortechnik AG (Switzerland) launched SyncorePlus, fully automated solution for parallel evaporation.
The North America 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 North America 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 North America 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 US, Canada, and Mexico.
Apricot Designs, Inc.; Biotage AB; Büchi Labortechnik AG; Heidolph Instruments GmbH & CO. KG; IKA Werke GmbH & CO. KG; KNF NEUBERGER, INC.; Labconco Corporation; LabTech S.r.l.; Organomation Associates, Inc.; Porvair plc; Raykol; SCINCO CO.,LTD.; and Yamato Scientific co., ltd. are among the leading companies in the North America 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, Yamato Scientific co., ltd. relocates its headquartered at Harumi, Chuo-ku, Tokyo, Japan.
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