Market Introduction
SAM region consists of Brazil, Argentina, and Rest of SAM. Brazil is expected to have the major market share in this region. In Brazil, the increased its biotechnology sectors and it hosts manufacturing plants for some of the companies headquartered in US and other parts of the world. Moreover, foreign companies often collaborate and partner with Brazilian laboratories and local companies for the development of biotechnology-based medicines. The collaborative efforts are thus expected to yield in development of novel products in Brazil over the forecast years. Hence, all these developments are likely to foster the market in the forecast period. Similarly, other country such as Argentina has a huge potential to for the biotechnology sector, the country is counted among the countries which are developing their skills to grow the biotechnology sectors. The country has advantage of the competitive resources which have combination of the growing private and public research and development activities, highly trained human resources in biosciences, and well-developed pharmaceutical and biotechnology other industries. The competitive advantage makes Argentina in a privileged position to exploit on existing global opportunities. Such impressively developing biotechnology sector is projected to accelerate the research activities which will eventually drive the growth of solvent evaporation market. Presence of well-established manufacturing companies in the regions will further drive the market growth. In addition, implementation of strategic partnerships and collaborations by global market players in the region are estimated to promote the awareness of modern solvent evaporators in the market, which will eventually drive the market growth during the forecast period.
In case of COVID-19, SAM is highly affected especially Brazil followed by Argentina and Chile. The COVID-19 is expected to result in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. This is expected to increase the number of poor up by 45 million and the extremely poor number by 28 million. Although, several governments policies across the region that favor domestic pharmaceutical manufacturers, such as no import duties on raw materials and intermediate products and interest-free financing, contribute to the region's pharmaceutical market growth. The pharmaceutical & biotechnology invested in R&D for the new molecule entity. The pandemic as no impact on R&D process, due to pandemic R&D activity increase to find better medicines to cure the life-threatening disease. These factors had a no impact on the SAM solvent evaporation market.
Market Overview and Dynamics
The SAM solvent evaporation market is expected to grow from US$ 20.46 million in 2021 to US$ 29.65 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Burgeoning product launches is expected to surge the SAM solvent evaporation market in coming years. The introduction of new products for delivering high performance and sample capacities during research activities is bolstering the growth of the SAM solvent evaporation market. New technologies or products are being developed to deliver maximum precision and accuracy as well as to enhance the evaporation process, along with ensuring safety of workforce during the evaporation process. In July 2020, BUCHI Labortechnik AG launched SyncorePlus, a fully automated solution for parallel evaporation, featuring high accuracy and precision, and process safety during the evaporation process. Similarly, in October 2020, one distributor attended the Lab 2020 from Oct 28 to Oct 30, 2020, across the region. Many new products were displayed at the exhibition and attracted many users’ inquiries and visits. This helps the company to provide trade opportunity for laboratory equipment industry in SAM region.
Key Market Segments
In terms of type, the rotary evaporators segment accounted for the largest share of the SAM solvent evaporation market in 2020. In terms of end user, the pharmaceutical and biopharmaceutical industry segment held a larger market share of the SAM 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 SAM 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; and Yamato Scientific co., ltd.
Reasons to buy report
SAM Solvent Evaporation Market Segmentation
SAM Solvent Evaporation Market - By Type
SAM Solvent Evaporation Market - By End User
SAM Solvent Evaporation Market - By Country
SAM Solvent Evaporation Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 20.46 Million |
| Market Size by 2028 | US$ 29.65 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Solvent Evaporation Market is valued at US$ 20.46 Million in 2021, it is projected to reach US$ 29.65 Million by 2028.
As per our report South America Solvent Evaporation Market, the market size is valued at US$ 20.46 Million in 2021, projecting it to reach US$ 29.65 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The South America 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 South America Solvent Evaporation Market report:
The South America Solvent Evaporation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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