Pharmaceutical Spray Drying Market Size, Share & Trends 2031
Pharmaceutical Spray Drying Market Size, Share & Trends 2031
Segments - Pharmaceutical Spray Drying Market by Product Type (Rotary Atomizers, Closed Loop, and Nozzle Atomizers), Application (Encapsulation, Excipient Production, Enhancing Bioavailability, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CM-5243
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| 201 Pages
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Report Description
The global pharmaceutical spray drying market size was USD 2206.92 Mn in 2022 and is likely to reach USD 3842.34 Mn by 2031, expanding at a CAGR of 7.18% during 2023–2031. Increasing areas of application in the process of cosmetics and chemicals are anticipated to fuel the market growth.
Pharmaceutical spray drying is an advanced particle engineering technology that is used to convert liquid pharmacy products into dry coarse powder. The active pharmaceutical ingredients (APIs), excipients, and enzymes are prepared using this method. When a concentrated solution is suspended in the spray dryer, it is broken down into fine particles which then are heated to form an atomized powder.
Spray drying helps to improve the bioavailability of the drug by using the amorphous solid dispersion (ASD) platform. The technique is used to formulate amorphous solid dispersion (ASDs) to improve the solubility of poorly water-soluble drugs (PWSDs). The spray drying also helps in the encapsulation of drugs on a micro level. It removes the excess water content from the product in order to prevent it from corrosion.
Spray drying plays a crucial role in the large-scale production of synthetic drugs such as dried aluminum hydroxide and dried lactose, as it prevents the products from corrosion by dehydrating them on the molecular level. Pharmaceutical products such as antibiotics, vitamins, vaccines, plasma, yeasts, and others require to use spray drying techniques in their preparation.
During the COVID-19 pandemic’s initial phase, the market slowed down initially due to a shortage of raw materials supply and a significant decline in the manufacturing process. The shortage of active pharmaceutical ingredients (APIs) subsequently reduced the production of drugs, which increased drug prices across the globe.
In the latter half of the pandemic, the demand for medicines for the treatment of COVID-19 and other diseases such as cancer, HIV, and chronic diseases was at a peak. Therefore, the market gradually recovered from the loss due to the increased use of pharmaceutical spray drying for COVID-19 vaccines and related drugs.
Pharmaceutical Spray Drying Market Dynamics
Major Drivers
The quick drying process to form fine atomized powder is expected to drive the market. The liquid product is sprayed & suspended inside the dryer and exposed to high temperatures. The fine droplets of the liquid solution quickly dehydrate and convert into a powdered form in a single step.
A simplified single-step drying mechanism reduces production time and cost, as it automates the process inside the dryer, which encouraged drug manufacturers to adopt spray drying. Furthermore, the rising demand for powder supplements is likely to propel the market.
Existing Restraints
Pharmaceutical spray dryers are unable to form powder out of extremely diluted solvents, which may restrain the market growth to a certain limit. The diluted solutions are not always atomizable, as the smaller product particles inside them may get melts when exposed to heat inside the dryer. Moreover, it requires high pressure and energy for continuous operation, which is likely to hinder the market.
Emerging Opportunities
The growing requirement for innovative drug development is expected to create lucrative opportunities in the market. The dilute solutions need to be converted into a powdered form in order to prevent them from any decomposition, corrosion, or spoilage. The rising adoption of customized medicines accelerates the market.
Scope of the Pharmaceutical Spray Drying Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Pharmaceutical Spray Drying Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Type (Rotary Atomizers, Closed Loop, and Nozzle Atomizers), and Application (Encapsulation, Excipient Production, Enhancing Bioavailability, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
GEA Group Aktiengesellschaft; European SprayDry Technologies; Hovione; SHANDONG TIANLI ENERGY CO. LTD; and SPX Flow |
Pharmaceutical Spray Drying Market Segment Insights
On the basis of product type, the pharmaceutical spray drying market is segmented into rotary atomizers, closed loop, and nozzle atomizers. The nozzle atomizers segment is projected to grow at a rapid pace in the coming years, as it allows manufacturers to gain final powdered products with specific characteristics and quality. It is used to control the flow rate and ensure the accurate distribution of heat within the vessel.
Hydraulic nozzles and spray nozzles are the two main types of nozzles. Hydraulic nozzles are further available in different useful types such as flat nozzles, full cone nozzles, hollow nozzles, and stream nozzles. Different types of nozzles regulate the sprayed stream of liquid, which helps to retain the desired shape in the final product.
Based on application, the market is divided into encapsulation, excipient production, enhancing bioavailability, and others. The excipient production segment is expected to expand at a significant growth rate during the projection period, owing to its prominent role in drug formation. Excipients such as sucrose, lactose, mannitol, and trehalose are used to optimize drug performance. The effectiveness of the medicine significantly improves by adding excipients, which further helps to reduce the extra dosage.
In terms of region, the global pharmaceutical spray drying market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe held a major share of the market in 2022 owing to the rising advancement in the pharmaceutical and healthcare industry. Increasing requirements to boost the production of medicines is expected to drive the regional market during the forecast period.
The market in the Asia Pacific is projected to grow at a rapid pace during the assessment period due to the emergence of new healthcare and pharmaceutical companies that are focused on developing targeted drugs for diagnosed diseases, allergies, and infections. The increasing prevalence of chronic diseases encouraged pharmaceutical companies to increase their investments in research and development to find new alternatives to traditionally prescribed drugs. Moreover, rising government initiatives to improve the healthcare sector are expected to fuel the market in the region.
Segments
The pharmaceutical spray drying market has been segmented on the basis of
Product Type
- Rotary Atomizer
- Closed Loop
- Nozzle Atomizer
Application
- Encapsulation
- Excipient Production
- Enhancing Bioavailability
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- GEA Group Aktiengesellschaft
- European SprayDry Technologies
- Hovione
- SHANDONG TIANLI ENERGY CO. LTD
- SPX Flow.
Competitive Landscape
Key Players competing in the global pharmaceutical spray drying market are GEA Group Aktiengesellschaft; European SprayDry Technologies; Hovione; SHANDONG TIANLI ENERGY CO. LTD; and SPX Flow.
These key players are opting for brand collaborations, mergers, and launching new products to cater to customers worldwide and to create a lasting impression in the market. For instance,
- In September 2022, the GEA Group Aktiengesellschaft launched a heating system for spray dryers. This helps to reduce the consumption of fossil fuels and reduces the CO2 emission in the atmosphere, which further reduces the carbon footprint.
- In February 2022, Hovione partnered with Zerion Pharma to commercialize Zerion’s solubility enhancement technology platform, Dispersome. Dispersome technology is built to increase the solubility quotient of the drugs using naturally available protein-based excipients to convert APIs into ASDs by spray drying method.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharmaceutical Spray Drying Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pharmaceutical Spray Drying Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pharmaceutical Spray Drying Market - Supply Chain
4.5. Global Pharmaceutical Spray Drying Market Forecast
4.5.1. Pharmaceutical Spray Drying Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pharmaceutical Spray Drying Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Pharmaceutical Spray Drying Market Absolute $ Opportunity
5. Global Pharmaceutical Spray Drying Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Pharmaceutical Spray Drying Market Size and Volume Forecast by Applications
5.3.1. Encapsulation
5.3.2. Excipient Production
5.3.3. Enhancing Bioavailability
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Pharmaceutical Spray Drying Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Pharmaceutical Spray Drying Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Pharmaceutical Spray Drying Demand Share Forecast, 2019-2026
7. North America Pharmaceutical Spray Drying Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Pharmaceutical Spray Drying Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Pharmaceutical Spray Drying Market Size and Volume Forecast by Applications
7.4.1. Encapsulation
7.4.2. Excipient Production
7.4.3. Enhancing Bioavailability
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Pharmaceutical Spray Drying Demand Share Forecast, 2019-2026
8. Latin America Pharmaceutical Spray Drying Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Pharmaceutical Spray Drying Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Pharmaceutical Spray Drying Market Size and Volume Forecast by Applications
8.4.1. Encapsulation
8.4.2. Excipient Production
8.4.3. Enhancing Bioavailability
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Pharmaceutical Spray Drying Demand Share Forecast, 2019-2026
9. Europe Pharmaceutical Spray Drying Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Pharmaceutical Spray Drying Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Pharmaceutical Spray Drying Market Size and Volume Forecast by Applications
9.4.1. Encapsulation
9.4.2. Excipient Production
9.4.3. Enhancing Bioavailability
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Pharmaceutical Spray Drying Demand Share Forecast, 2019-2026
10. Asia Pacific Pharmaceutical Spray Drying Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Pharmaceutical Spray Drying Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Pharmaceutical Spray Drying Market Size and Volume Forecast by Applications
10.4.1. Encapsulation
10.4.2. Excipient Production
10.4.3. Enhancing Bioavailability
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Pharmaceutical Spray Drying Demand Share Forecast, 2019-2026
11. Middle East & Africa Pharmaceutical Spray Drying Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Pharmaceutical Spray Drying Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Pharmaceutical Spray Drying Market Size and Volume Forecast by Applications
11.4.1. Encapsulation
11.4.2. Excipient Production
11.4.3. Enhancing Bioavailability
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Pharmaceutical Spray Drying Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Pharmaceutical Spray Drying Market: Market Share Analysis
12.2. Pharmaceutical Spray Drying Distributors and Customers
12.3. Pharmaceutical Spray Drying Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. GEA Group Aktiengesellschaft
12.4.2. European SprayDry Technologies
12.4.3. Hovione
12.4.4. SHANDONG TIANLI ENERGY CO. LTD
12.4.5. SPX Flow.
Methodology
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