The growth of the biologics sector, increasing
research & development expenditure, rising purity demands in end-use
markets, and the growing development of large molecule biopharmaceuticals are
the primary growth factors for this market.
The global solvent
evaporators market size is projected to reach USD 694 million by 2024 from
USD 487 million in 2019, growing at a CAGR of 7.3%.
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Market Segmentation
The rotary evaporators segment is estimated to account for
the majority of the solvent evaporators market share in 2018. The large share
of this segment can be attributed to the increasing demand for efficient &
pure samples, growing investments in research & development by research
institutes, rising demand for industrial-scale automation in terms of
digitization, and the growing need for advanced analytical tools during drug
diagnosis & research studies.
The research & academic institutes segment is expected
to grow at the highest CAGR during the forecast period. The growth in this
segment can be attributed to factors such as the increasing drug development
studies and the rising demand for continuous innovation and enhancement of
existing products.
Regional Analysis
The North American market is estimated to account for the
largest share . The large share of this segment can be attributed to the
increase in life sciences R&D, rising focus on improving the safety and
quality of healthcare, growing efforts to increase the output of the healthcare
industry, growth in the biosimilars and generics market, rising demand for
high-quality research tools for data reproducibility, and increasing focus on
developing personalized therapeutics.
Key Market Players
The prominent players in the solvent evaporators market
include Yamato Scientific Co., Ltd. (Japan), BÜCHI Labortechnik AG
(Switzerland), Biotage AB (Sweden), Heidolph Instruments GmbH & CO. KG
(Germany), Labconco Corporation (US), Porvair plc (UK), IKA Works GmbH &
Co. KG (Germany), Steroglass Srl (Italy), Organomation Associates, Inc. (US),
KNF Neuberger, Inc. (US), BioChromato, Inc. (Japan), Radleys (UK), LabTech
S.r.l. (Italy), Abel Industries Canada Ltd. (Canada), DOÐA Limited (Turkey),
ANPEL Laboratory Technologies Inc. (China), Asahi Glassplant Inc. (Japan),
EYELA (Japan), Pope Scientific, Inc. (US), and SP Industries, Inc. (UK).
BÜCHI Labortechnik AG (Switzerland) is a prominent
player in the global solvent evaporators market. The company has a strong
geographic footprint, serving over 40,000 customers operating in the
pharmaceutical and biopharmaceutical space. BÜCHI also has an extensive
distribution channel across the globe.