The global solvent evaporation market size is projected to reach $694 million by 2024 from $486 million in 2019, with an annual average growth of 7%. The growth of this market is primarily driven by the growth of the biologics sector, increasing research and development costs, the increasing demand for purity in the end-use market, and the development of large molecular biopharmaceuticals.
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Solvent Evaporation Market Segmentation
By Type
• Rotary Evaporators
• Centrifugal Evaporators
• Nitrogen Blowdown Evaporators
• Spiral Air Flow Evaporators/ Smart Evaporators/ Intelligent Evaporators
By End-User
• Pharmaceutical and Biopharmaceutical Industry
• Diagnostic Laboratories
• Research and Academic Institutes
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