Pharmaceutical Drying Equipment Market

The report "Pharmaceutical Drying Equipment Market by Type (Freeze, Spray, Vacuum, Fluidized Bed), Scale of Operation (Industrial-scale, Pilot-scale, Lab-scale), End User (Pharmaceutical Companies, CDMOs, Research Universities) - Global Forecast to 2029", is valued at an estimated USD 5.80 billion in 2024. The size is projected to reach USD 8.18 billion by 2029, at a CAGR of 7.1%

Browse 221 market data Tables and 52 Figures spread through 226 Pages and in-depth TOC on "Pharmaceutical Drying Equipment Market by Type (Freeze, Spray, Vacuum, Fluidized Bed), Scale of Operation (Industrial-scale, Pilot-scale, Lab-scale), End User (Pharmaceutical Companies, CDMOs, Research Universities) - Global Forecast to 2029"
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The growth in the pharmaceutical drying equipment market is driven by rising incidences of chronic diseases diseases such as diabetes, cardiovascular diseases, cancer, and others. This increase in prevalence is rising the demand for the medicines. Thus many pharmaceutical manufacturing facilities are expanding, consequently increasing the growth of the pharmaceutical drying equipment market. Also the increase patent expirations is increasing the manufacturing of generic medicines thus poses a lucrative opportunity in the Pharmaceutical drying equipment market. But the upsurging adoption of redeveloped equipments is restraining the pharmaceutical drying equipment market during the forecast period. Additionally, the higher maintence cost required for the equipments is hindering market growth.

By type, Spray dryers segment accounts for the highest share in the pharmaceutical drying equipment market in 2023.

Based on type, the pharmaceutical drying equipment market is segmented into vacuum dryers, spray dryers, freeze dryers, fluidized bed dryers, and other dryers. Among these, in 2023, the spray dryers segment accounts for the highest share in the pharmaceutical drying equipment market in 2023. The spray dryer play vital function in facilitating continuous manufacturing. There is increase in adoption of continuous manufacturing process by the pharmaceutical industry. As spray drying equipments turns liquid feeds into powders in a single, effective phase, it offers major benefits to businesses making the switch from batch to continuous operations. Particle size, shape, and stability are exacting characteristics that must be attained for premium medicine formulations.

By end user, pharmaceutical and biotech companies is holding the largest share in the Pharmaceutical drying equipment market in 2023.

Based on end user, the pharmaceutical drying equipment market is segmented into pharmaceutical and biotech companies, contract development and manufacturing organizations, and research academics and universities. Among these pharmaceutical and biotech companies is holding the largest share in the pharmaceutical drying equipment market in 2023. This is due to upsurge in demand for advanced drug formulations. Thus these pharmaceutical and biotech companies are focusing on developing biologics, vaccines, and personalized medicine. Consequently there is a greater need for specialized drying processes that ensure product stability and efficacy. Pharmaceutical and biotech firms are investing in state-of-the-art drying technologies to enhance their production capabilities, reduce manufacturing costs, and improve product quality. This trend is expected to continue as the pharmaceutical and biotech industries evolve, driving sustained growth in the pharmaceutical drying equipment market by end users.

Asia Pacific dominates the global pharmaceutical drying equipment market in 2023.

The pharmaceutical drying equipment market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The Asia pacific region accounts for the largest share in the pharmaceutical drying equipment market in 2023, owing to upsurging prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases. For instance, in 2022 as per the National Centre for Disease Informatics and Research projected that India would report 1,461,427 new cancer cases. This rising prevalence of diseases drives demand for pharmaceutical and biopharmaceutical products. Thus many companies in the region are expanding their manufacturing capabilities. As these firms seek to improve production efficiency and ensure high-quality outputs, they are investing in advanced drying technologies that enhance product stability and compliance with stringent regulatory standards. Additionally, the growing emphasis on research and development in the pharmaceutical sector further stimulates the need for innovative drying solutions. Consequently, the increasing manufacturing activity and the demand for high-quality pharmaceuticals are propelling the growth of the pharmaceutical drying equipment market in the Asia Pacific region.

Key Players

Prominent players in the Pharmaceutical drying equipment market include, GEA Group (Germany), ATS Corporation (US), Hosokawa Micron Group (Japan), Freund Corporation (Japan), I.M.A. Industria Macchine Automatiche S.p.A. (Italy), Syntegon Technology GmbH (Germany), BUCHI Labortechnik AG (Switzerland), OPTIMA packaging group GmbH (Germany), Mechatech Systems Ltd (Netherland), BEW Engineering Limited (India).

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