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.