(PharmaNewsWire.Com, February 05, 2020 ) 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.
The major factors driving the growth of this market are the growth of the biologics sector, increasing research and development expenditure, rising purity demands in end-use markets, and the growing development of large molecule biopharmaceuticals.
In the solvent evaporators market, by the end-user, the research & academic institutes segment is expected to grow at the highest CAGR during the forecast period
The rotary evaporators segment is expected to account for the largest solvent evaporators market share in 2018 :
Rotary evaporators are expected to be the most significant revenue contributor to the global market 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 end-user segment is expected to grow at a high CAGR
The solvent evaporation market, by the end-user, includes pharmaceutical & biopharmaceutical industry, diagnostic laboratories, and research & academic institutes. The research & academic institutes segment is expected to grow at the highest CAGR during the forecast period due to factors such as the increasing drug development studies and the rising demand for continuous innovation and enhancement of existing products.
The prominent players in the global solvent evaporation 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)
BÜCHI Labortechnik AG is a prominent player in the solvent evaporation market. The company has a strong geographic footprint, serving over 40,000 customers in pharmaceutical and biopharmaceutical companies.
Heidolph Instruments GmbH & CO. KG (Germany)
Heidolph Instruments GmbH & CO. KG is a leading provider of advanced rotary evaporators for drug manufacturing, biologics research and production, and laboratory testing.
Biotage AB (Sweden)
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.
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