Overview


According to FutureWise analysis the market for pharmaceutical spray drying is expected to register a CAGR of 7.4% from 2023-2031.

Spray drying is one of the most promising pharmaceutical technologies currently available. The method is perfect when exact characteristics, such as particle size, morphology, and stability, are required because it transforms a liquid into a powder in a single step. In the spray drying process, a liquid feed is atomized into very tiny droplets that are then flash dried into solid particles in a hot drying atmosphere. The final spray-dried product is next processed by utilising a cyclone and/or a filter bag to remove the particles from the drying gas. The product can be powder, granules, or agglomerates depending on the feedstock, which can be a solution, suspension, or emulsion.

Bullock and colleagues conducted the initial research into the application of spray drying in pharmaceuticals in the 1940s and used it to infusions, extracts, inorganic medicinal salts, adrenaline, and vitamin C. The creation of pharmaceutical excipients and the isolation of active components that were either thermally sensitive or challenging to crystallize were two of the many other applications that came after. Contrary to popular belief, spray drying is a relatively gentle drying procedure because, first the materials are only briefly exposed to heat (a few seconds at most), and second the materials are shielded from higher bulk temperatures by the cooling action of the evaporation process. Despite its many applications, it wasn't until the turn of the century that spray drying's use in pharmaceutical applications saw a noticeable rise.

FutureWise Market Research has published a report that provides an insightful analysis of Pharmaceutical Spray Drying Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.

According to the analysis conducted by FutureWise research analysts, the Pharmaceutical Spray Drying Market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

  • Albany Molecular Research Inc.
  • Catalent, Inc
  • Thermo Fisher Scientific Inc.
  • Hovione
  • Fuji Chemical Industry Co., Ltd
  • Nova Laboratories
  • Janssen Global Services, LLC
  • Zambon Company S.P.A.
  • GlaxoSmithKline plc.
  • Novartis AG
  • Wuxi AppTec.

(Note: The list of the major players will be updated with the latest market scenario and trends)

Due to the large drop in production processes and the constrained demand and supply of medications, the early stages of the pandemic had a severe negative impact on the growth of the pharmaceutical spray drying business. The COVID-19 pandemic has caused a shortage of active pharmaceutical ingredients, according to the governments of various nations. The COVID-19 pandemic also caused a significant increase in medicine prices in 2021 as a result of increasing demand for medications to treat a number of illnesses, including HIV, cancer, epilepsy, and malaria, according to the Pharmaceutical Export Promotion Council (PHARMEXCIL). Thus, the market first experienced a negative effect. However, the recovery from the shortage and the rising use of pharmaceutical spray drying for COVID-19 drugs, drug application, and vaccines have positively impacted the market. As a result, the market experienced significant growth during the later phase of the pandemic and is anticipated to continue expanding over the forecast period. The benefits of spray drying include quick drying times, adaptability, compatibility for heat-sensitive items, and simplicity in maintaining product quality. The pharmaceutical spray drying market is expected to grow as a result of several key factors, including the expansion of the pharmaceutical industry, an increase in disease prevalence worldwide, government infrastructure support, technological advancements in drug production, improved product stability, and increased R&D spending globally. The global pharmaceutical spray drying market is anticipated to grow over the projected period as a result of government initiatives to commercialise spray drying technologies and rising adoption of spray drying in emerging nations. The market for pharmaceutical spray drying, however, is projected to have growth restraints due to high spray drying costs. The pharmaceutical spray drying industry is anticipated to benefit from the launch of novel medications such as vaccines and biologics that need spray drying technology to produce. Enhanced product stability and high efficiency are two characteristics that are driving the pharmaceutical spray drying market.

By Product Type

  • Rotary Atomizer
  • Nozzle Atomizer
  • Fluidized
  • Centrifugal

By Application

  • Excipient Production
  • Encapsulation
  • Enhancing Bioavailability
  • Dry Powder Inhalers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. Due to factors like the presence of significant pharmaceutical businesses, the high demand for pharmaceutical goods, technical advancements, and the high level of pharmaceutical R&D spending in the region. The market's growth is projected to be boosted by the rising company focus on expansion and the adoption of business strategies to maintain its position in the industry. For instance, Eurofins (Contract Development and Manufacturing Organization) stated in January 2022 that its current spray dry development and production services would be extended to North America. With this growth, Eurofins will be able to better complement its wide variety of services that focus on improving solubility for clinical research and small-scale commercial projects. Some of the key driving factors anticipated to propel the US pharmaceutical spray drying market over the projected period include the rising prevalence of chronic diseases and rising investments in pharmaceutical research & development activities.


  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Pharmaceutical Spray Drying Market By Product Type, By Application and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

  •  We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Pharmaceutical Spray Drying Market Variables, Trends and Scope
    •        1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Type Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Pharmaceutical Spray Drying Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Pharmaceutical Spray Drying Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Type Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Type Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Pharmaceutical Spray Drying Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Rotary Atomizer
        2. Nozzle Atomizer
        3. Fluidized
        4. Centrifugal

  • 8.   Pharmaceutical Spray Drying Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Excipient Production
        2. Encapsulation
        3. Enhancing Bioavailability
        4. DryPowder Inhalers
        5. Other

  • 9.   North America Pharmaceutical Spray Drying Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 10.   Latin America Pharmaceutical Spray Drying Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 11.   Europe Pharmaceutical Spray Drying Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 12.   Asia Pacific Pharmaceutical Spray Drying Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 13.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Albany Molecular Research Inc.
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Catalent, Inc.
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Thermo Fisher Scientific Inc.
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Hovione
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Fuji Chemical Industry Co., Ltd.
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Nova Laboratories
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Janssen Global Services, LLC.
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Zambon Company S.P.A.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. GlaxoSmithKline plc.
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Novartis AG
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Wuxi AppTec.
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by
                  administrations
        5. The overall economic slowdown of the developing and developed nations

  • 17.   FutureWise SME Key Takeaway Points for Client
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