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)
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.
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- To understand the North America solvent evaporation market landscape and identify market segments that are most likely to guarantee a strong return
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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
- 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.
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the solvent evaporation market, as well as those hindering it
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