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)

Code: TIPRE00024964 | Pages: 118 | Industry: Pharmaceuticals | Date: Sep 2021
Covid

Market Introduction

The North America solvent evaporation market is segmented into the US, Canada, and Mexico. The US held the largest share of the North American solvent evaporation market in 2020. The United States Food and Drug Administration (USFDA) has drawn certain standards about the following parameters of microspheres for parenteral depot administration. These are: polymer/copolymer, organic solvents, copolymer-peptide complexes, sterilization, in vitro in vivo correlations, particle size and diluent-suspending vehicle. The first FDA approved system for controlled delivery of a peptide was an injectable poly(lactide-coglycolide) microsphere formulation of leuprolide acetate. Commercially it is available with brand name Lupron Depot. Likely, in July 2020, SP Industries entered into a partnership agreement with the leading U.S.-based manufacturer of rotary evaporators, Ecodyst, for the large-scale distribution of single sample evaporators. SP added Ecodyst’s next-generation single sample evaporation systems to its SP Genevac parallel centrifugal evaporators portfolio under the deal. According to the companies, the partnership aimed to produce more effective evaporation systems and advance the drug development process. In August 2020, the California-based CAPNA Systems introduced an innovative multi-solvent evaporation system, dubbed Alcohol Recovery Evaporator System - multi-solvent (ARES-ms). The new product can separate around three solvents in a single solution, enabling the user to reduce the processing costs and save time. 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.

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.


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Market Overview and Dynamics

The North America solvent evaporation market is expected to grow from US$ 184.70 million in 2021 to US$ 295.87 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.  The biotechnology and pharmaceuticals industries in countries such as Mexico are growing significantly. The governments of countries in this region are taking various initiatives through funding, programs, and conferences to support these industries. Moreover, economic, and demographic development, rising healthcare expenditure, surging pharmaceutical R&D activities, and improving public–private healthcare collaborations and funding conditions are driving the growth of these industries. An increasing number of companies are aiding in the production of drugs and active pharmaceutical ingredient (API) through contract manufacturing services. Countries like Canada have large biotech hubs in different cities and provinces. Several economies are further seeking help from developed nations such as the US for innovative technologies and novel procedures. In response, well-established players are shifting their focus on these economies for their expansion, thus leveraging enormous potentials offered by these countries. Thus, countries like Mexico are creating growth opportunities for future growth of the North America solvent evaporation market.

Key Market Segments

In terms of type, the rotary evaporators segment accounted for the largest share of the North America solvent evaporation market in 2020. In terms of end user, the pharmaceutical and biopharmaceutical industry segment held a larger market share of the North America solvent evaporation market in 2020.   

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America 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.; Labconco Corporation; LabTech S.r.l.; Organomation Associates, Inc.; Porvair plc; Raykol; SCINCO CO.,LTD.; and Yamato Scientific co., ltd.

Reasons to buy report

  • To understand the North America solvent evaporation market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America solvent evaporation market
  • Efficiently plan M&A and partnership deals in North America solvent evaporation market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America solvent evaporation market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Solvent Evaporation Market Segmentation  

North America Solvent Evaporation Market - By Type

  • Rotary Evaporators
    • Small-Volume Rotary Evaporators
    • Large-Volume Rotary Evaporators
  • Nitrogen Blowdown Evaporators
  • Centrifugal Evaporators
  • Spiral Air Flow Evaporators

North America Solvent Evaporation Market - By End User

  • Pharmaceutical and Biopharmaceutical Industry
  • Diagnostic Laboratories
  • Research and Academic Institutes

North America Solvent Evaporation Market - By Country

  • US
  • Canada  
  • Mexico    

North America Solvent Evaporation Market - Company Profiles

  • 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.
  • Yamato Scientific co., ltd.

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Solvent Evaporation Market – By Type

1.3.2        North America Solvent Evaporation Market – By End User

1.3.3        North America Solvent Evaporation Market – By Country

2.           North America Solvent Evaporation Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Solvent Evaporation Market – Market Landscape

4.1         Overview

4.2         North America PEST Analysis

4.3         Expert Opinion

5.           North America Solvent Evaporation Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Growing R&D Expenditure in Pharmaceutical Industry

5.1.2        Increasing Product Launches

5.2         Key Restraints

5.2.1        Issues Such as Inaccuracies in Results and Wastage of Resources

5.3         Key Opportunities

5.3.1        Rapidly Growing Biotech and Pharmaceuticals Industries

5.4         Future Trend

5.4.1        Rise of Advanced Solvent Evaporator

5.5         Impact Analysis

6.           Solvent Evaporation Market – North America Analysis

6.1         Overview

6.2         North America Solvent Evaporation Market Revenue Forecast and Analysis

7.           North America Solvent Evaporation Market Analysis– By Type

7.1         Overview

7.2         North America Solvent Evaporation Market Share, by Type, 2020 and 2028 (%)

7.3         Rotary Evaporators

7.3.1        Overview

7.3.2        Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.3.3        Small-Volume Rotary Evaporators

7.3.3.1          Overview

7.3.3.2          Small-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.3.4        Large-Volume Rotary Evaporators

7.3.4.1          Overview

7.3.4.2          Large-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.4         Nitrogen Blowdown Evaporators

7.4.1        Overview

7.4.2        Nitrogen Blowdown Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.5         Centrifugal Evaporators

7.5.1        Overview

7.5.2        Centrifugal Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

7.6         Spiral Air Flow Evaporators

7.6.1        Overview

7.6.2        Spiral Air Flow Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

8.           North America Solvent Evaporation Market Analysis – By End User

8.1         Overview

8.2         North America Solvent Evaporation Market Share, by End User, (%)

8.3         Pharmaceutical And Biopharmaceutical Industry

8.3.1        Overview

8.3.2        Pharmaceutical and Biopharmaceutical Industry: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

8.4         Diagnostic Laboratories

8.4.1        Overview

8.4.2        Diagnostic Laboratories: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

8.5         Research And Academic Institutes

8.5.1        Overview

8.5.2        Research and Academic Institutes: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

9.           North America Solvent Evaporation Market – Country Analysis

9.1         North America: Solvent Evaporation Market

9.1.1        Overview

9.1.2        North America: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

9.1.3        US: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.1          US: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.2          US: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)

9.1.3.2.1          US: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)

9.1.3.3          US: Solvent Evaporation Market, by End User, 2019–2028 (USD Million)

9.1.4        Canada: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.1          Canada: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.2          Canada: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)

9.1.4.2.1          Canada: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)

9.1.4.3          Canada: Solvent Evaporation Market, by End User, 2019–2028 (USD million)

9.1.5        Mexico: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.1          Mexico: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.2          Mexico: Solvent Evaporation Market, by Type, 2019–2028 (USD Million)

9.1.5.2.1          Mexico: Solvent Evaporation Market, by Rotary Evaporators Type, 2019–2028 (USD Million)

9.1.5.3          Mexico: Solvent Evaporation Market, by End User, 2019–2028 (USD million)

10.        Impact of COVID-19 Pandemic on North America Solvent Evaporation Market

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Organic Developments

11.2.1     Overview

11.3      Inorganic Developments

11.3.1     Overview

12.        Company Profiles

12.1      Labconco Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Büchi Labortechnik AG

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Biotage AB

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Heidolph Instruments GmbH & CO. KG

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Yamato Scientific co., ltd.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Porvair plc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      IKA Werke GmbH & CO. KG

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      KNF NEUBERGER, INC.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Organomation Associates, Inc.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Raykol

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

12.11   Apricot Designs, Inc.

12.11.1  Key Facts

12.11.2  Business Description

12.11.3  Products and Services

12.11.4  Financial Overview

12.11.5  SWOT Analysis

12.11.6  Key Developments

12.12   LabTech S.r.l.

12.12.1  Key Facts

12.12.2  Business Description

12.12.3  Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6  Key Developments

12.13   SCINCO CO.,LTD.

12.13.1  Key Facts

12.13.2  Business Description

12.13.3  Products and Services

12.13.4  Financial Overview

12.13.5  SWOT Analysis

12.13.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Solvent Evaporation Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3.             US Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 4.             US Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5.             Canada Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 6.             Canada Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             Canada Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 8.             Mexico Solvent Evaporation Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9.             Mexico Solvent Evaporation Market, by Rotary Evaporators Type – Revenue and Forecast to 2028 (USD Million)

Table 10.          Mexico Solvent Evaporation Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 11.          Organic Developments Done by Companies

Table 12.          Inorganic Developments Done by Companies

Table 13.          Glossary of Terms

LIST OF FIGURES

Figure 1.           North America Solvent Evaporation Market Segmentation

Figure 2.           North America Solvent Evaporation Market, By Country

Figure 3.           North America Solvent Evaporation Market Overview

Figure 4.           The Rotary Evaporators Held Largest Share by Type Segment in Market

Figure 5.           Canada is Expected to Show Remarkable Growth During the Forecast Period

Figure 6.           North America PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           North America Solvent Evaporation Market: Impact Analysis of Drivers and Restraints

Figure 9.           North America Solvent Evaporation Market – Revenue Forecast and Analysis to 2028

Figure 10.        North America Solvent Evaporation Market Share, by Type, 2020 and 2028 (%)

Figure 11.        North America Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 12.        North America Small-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 13.        North America Large-Volume Rotary Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 14.        North America Nitrogen Blowdown Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 15.        North America Centrifugal Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 16.        North America Spiral Air Flow Evaporators: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 17.        North America Solvent Evaporation Market Share, by End User, 2020 and 2028 (%)

Figure 18.        North America Pharmaceutical and Biopharmaceutical Industry: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 19.        North America Diagnostic Laboratories: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 20.        North America Research and Academic Institutes: Solvent Evaporation Market– Revenue and Forecast to 2028 (USD Million)

Figure 21.        North America: Solvent Evaporation Market, by Key Country – Revenue (2020) (USD Million)

Figure 22.        North America: Solvent Evaporation Market, by Country, 2020 & 2028 (%)

Figure 23.        US: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 24.        Canada: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 25.        Mexico: Solvent Evaporation Market – Revenue and Forecast to 2028 (USD Million)

Figure 26.        Impact of COVID-19 Pandemic in North American Country Markets

  1. Apricot Designs, Inc.
  2. Biotage AB
  3. Büchi Labortechnik AG
  4. Heidolph Instruments GmbH & CO. KG
  5. IKA Werke GmbH & CO. KG
  6. KNF NEUBERGER, INC.
  7. Labconco Corporation
  8. LabTech S.r.l.
  9. Organomation Associates, Inc.
  10. Porvair plc
  11. Raykol
  12. SCINCO CO.,LTD.
  13. Yamato Scientific co., ltd.
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