Europe Solvent Evaporation Market
Europe is one of the largest markets of solvent evaporation. The market based on country is segmented into the UK, Germany, France, Italy, Spain, and rest of Europe. The Germany dominated the Europe market. Among all newly discovered chemical entities about 40% of drugs are lipophilic and fail to reach the market due to their poor aqueous solubility. For orally administered drugs solubility is one of the rate limiting parameters to achieve their desired concentration in the systemic circulation in pharmacological response. The new drug delivery systems are having an edge over conventional ones in terms of many biopharmaceutical parameters; among such drug delivery systems are controlled/prolonged release solid dispersion and micro particles/microsphere. Heidolph Instruments GmbH & CO. KG is a leading provider of advanced rotary evaporators for drug manufacturing, biologics research and production, and laboratory testing. Heidolph’s key advantage over its competitors is that it leverages its industry scale in high-growth and emerging markets. Likely, Biotage AB offers a wide range of nitrogen blowdown evaporators like TurboVap Evaporators and 96 Well Plate Evaporators. As a solvent evaporator manufacturer, the company provides integrated products with various technologies that span the whole pharmaceutical value chain. The major end-users of the company’s products include pharmaceutical and biotechnology companies, government research institutes, consumer and healthcare product manufacturers, formulators, and diagnostic laboratories. Rising product launches and increasing R&D expenditure in pharmaceutical industry are the major factor driving the growth of the Europe solvent evaporation market.
In case of COVID-19, Europe is highly affected specially France. Other Countries such as Italy, Spain, the UK, Germany, Russia, and Switzerland are also got affected due to pandemic. The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. Spain, Italy, Germany, France, and the UK are among the most affected European countries and number of deaths are also high. The current coronavirus (COVID-19) outbreak has been declared by WHO as a Public Health Emergency of International Concern, according to the International Health Regulation. Solvent evaporation is a backhand process for R&D. The rising numbers of product launches in 2020 has not impacted of covid-19 in the Europe solvent evaporation market. In 2020, European Medicines Agency (EMA) approved about 97 medicines for marketing authorization of which, 39 are novel drugs.
Strategic insights for the Europe Solvent Evaporation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 164.66 Million |
| Market Size by 2028 | US$ 251.93 Million |
| Global CAGR (2021 - 2028) | 6.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Solvent Evaporation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe solvent evaporation market is expected to grow from US$ 164.66 million in 2021 to US$ 251.93 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. Growing use of advanced solvent evaporator is expected to fuel the market growth. Solvent evaporators have extensive applications in the research laboratories, and pharmaceuticals and biotechnology industries. To overcome the problems associated with conventional solvent evaporators, scientists are preferring to use advanced solvent evaporators that are eco-friendly and user-friendly devices, featuring high energy-efficiency and faster evaporation rates (than traditional rotary evaporators). Companies in the Europe solvent evaporation market are channelizing their focus on the development and launch of advanced solvent evaporators to gain a substantial share in the market. In January 2020, one major company launched advanced solvent evaporators in the region; these user-friendly systems ensure enhanced evaporation process. Thus, the launch and use of such advanced solvent evaporators to overcome the shortcomings of traditional evaporators is emerging as a key trend in the Europe solvent evaporation market.
In terms of type, the rotary evaporators segment accounted for the largest share of the Europe solvent evaporation market in 2020. In terms of end user, the pharmaceutical and biopharmaceutical industry segment held a larger market share of the Europe solvent evaporation market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe solvent evaporation market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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. ; Steroglass Srl; and Yamato Scientific co., ltd.
The Europe Solvent Evaporation Market is valued at US$ 164.66 Million in 2021, it is projected to reach US$ 251.93 Million by 2028.
As per our report Europe Solvent Evaporation Market, the market size is valued at US$ 164.66 Million in 2021, projecting it to reach US$ 251.93 Million by 2028. This translates to a CAGR of approximately 6.3% during the forecast period.
The Europe Solvent Evaporation Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Solvent Evaporation Market report:
The Europe Solvent Evaporation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Solvent Evaporation Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Solvent Evaporation Market value chain can benefit from the information contained in a comprehensive market report.
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