Visiongain has published a new report entitled the Pharmaceutical Spray Drying Market Report 2021-2031. It includes profiles of Pharmaceutical Spray Drying Equipment and Forecasts By Product (Rotary Atomizer Spray Dryer, Nozzle Atomizer Spray Dryer, Fluidized Spray Dryer, Centrifugal Spray Dryer, Others), By Cycle (Closed Loop, Open Loop), By Stage (Single Stage, Two Stage, Multi Stage), By Flow (Co Current, Counter Current, Mixed). PLUS Regional Market Analysis And COVID-19 Recovery Scenarios.
The global pharmaceutical spray drying market was valued at US$ 720.8 million in 2020 and is projected to grow at a CAGR of 4.32% during the forecast period 2021-2031. The global market is expected to reach US$ 859.4 million in the year 2025 whereas it is anticipated to reach US$ 1134.2 million in 2031. The rising prevalence of oncological disorders, lung infections, rising demand for customized drugs coupled with new orphan diseases discoveries, are few of the major reasons responsible for development of pharmaceutical spray drying market.
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How Has COVID-19 Had a Negative Impact on the Pharmaceutical Spray Drying Market?
The overpowering theme of 2020 has been the COVID-19 pandemic which has had a negative impact on the world economy and on all industrial sectors. The global pharmaceutical spray drying market has also registered some negative impact due to the pandemic. The impact on the pharmaceutical spray drying market due…
