Global Pharmaceutical Spray Drying Market 2023-2029

Global Pharmaceutical Spray Drying Market 2023-2029

Spray drying is a rapid, robust, reproducible, and scalable process. Since its invention in 1872, it has been applied in numerous applications for poorly soluble compounds and high drug-loaded products. Pharmaceutical spray drying is a process to create dry powder out of a liquid solution, and is used in the production of numerous dry powder products including active pharmaceutical ingredient (APIs) penicillin, enzymes, excipients, bulk agents, controlled drug release formulations, and more. It offers consistent particle size, long-term stability, and increased bioavailability - to mention just a few benefits. The global pharmaceutical spray drying market was valued at USD 1,677 million in 2022 to USD 2,267 million by 2029, progressing at a CAGR of 4.4% from 2023 to 2029, according to Gen Consulting Company.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global pharmaceutical spray drying market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for pharmaceutical spray drying can be segmented by application: encapsulation, excipient production, solubility and bioavailability enhancement, others. The solubility and bioavailability enhancement segment captured the largest share of the market in 2022. Pharmaceutical spray drying market is further segmented by region: North America, Asia Pacific, Europe, Rest of the World (ROW). Asia Pacific held the largest share of the global pharmaceutical spray drying market in 2022 and is anticipated to hold its share during the forecast period.

Market Segmentation

By application: encapsulation, excipient production, solubility and bioavailability enhancement, others

By region: North America, Asia Pacific, Europe, Rest of the World (ROW)

The global pharmaceutical spray drying market report offers detailed information on several market vendors, including BUCHI Labortechnik AG, Changzhou Fanqun Drying Equipment Co., Ltd., Changzhou Lemar Drying Technology Co., Ltd., European Spraydry Technologies Ltd. (ESDT), Evaporator Dryer Technologies, Inc. (EDT), Freund-Vector Corporation, GEA Group AG, Hemraj Engineering (India) LLP, Hovione Limited, Jiangsu Jinling Drying Technology Co., Ltd., Jiangsu Xianfeng Drying Engineering Co., Ltd., Labultima Process Technology Pvt. Ltd., Ohkawara Kakohki Co., Ltd., PRECI Co., Ltd., PROCEPT nv, Spraying Systems Co. (Fluid Air), SPX FLOW, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global pharmaceutical spray drying market.
• To classify and forecast the global pharmaceutical spray drying market based on application, region.
• To identify drivers and challenges for the global pharmaceutical spray drying market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global pharmaceutical spray drying market.
• To identify and analyze the profile of leading players operating in the global pharmaceutical spray drying market.

• Gain a reliable outlook of the global pharmaceutical spray drying market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.