Pharmaceutical Spray Drying: Trends and Growth Opportunities
Spray drying, which is already established in the food and chemical sector, is also considered to be a rapid, cost-effective, and scalable process for the production of dry powder formulations of pharmacological material. Owing to characteristics, such as reproducibility and its continuous mode of operation, the technique has become very popular in the pharmaceutical contract manufacturing as the pharmaceutical spray drying process. It offers several advantages over alternate drying technologies, such as lyophilization (characterized by high dependence on cold chain for storage and logistics, which is prone to failure due to human error) and vacuum foam drying (characterized by volumetric restrictions due to the properties of foam, which limits the quantity of sample that can be dried in a single run) that are currently deployed in the pharmaceutical industry.
A Variety of Spray Dryers Are Commercially Available to Meet Specific Requirements
Over 80 spray dryers, each with its proprietary set of characteristics and associated benefits, are currently available in the market.
Choice of a Spray Dryer is Critical to Obtain Desired Properties of the End Product
Selection of process parameters, such as type of nozzle, inlet / outlet temperatures, and the atomizing gas, is critical to impart desired properties to the spray dried product
Widening Product Landscape Highlights the Increasing Demand
Most spray dryer manufacturers have been able to establish a wide clientele across multiple regions and have built up sizeable product portfolios
Several Companies are Now Providing Pharmaceutical Spray Drying as a Contract Service
The market landscape is also characterized by the presence of several contract service providers that offer spray drying of pharmaceuticals across different scales of operation.
Acquisitions, in the Recent Past, Have Been Used as a Tool to Strengthen Service Portfolio
The increase in number of acquisitions reflects the growing interest; in fact, over 15 acquisitions, valued between USD 100 million and USD 5 billion, have been recorded in the last three years
Now, it is Increasingly Becoming Possible to Spray Dry a Product Anywhere Across Globe
A closer look at the market landscape reveals a well-distributed opportunity; we could identify service providers and manufacturers based in Africa, Oceania and South America as well
Owing to Multiple Factors, Stakeholders are Optimistic About Future Prospects of the Market
Spray drying has emerged as a viable and versatile formulation technology; stakeholders agree that its applications in the pharmaceutical industry are vast
Overall, we Expect the Market to Register a Double Digit Growth Rate …
The future of the pharmaceutical spray drying market offers significant promise; the market is likely to grow at an annualized rate of 20% between 2018 and 2028
… With Technology Acceptance Gaining Momentum in the Long Run
Over time, the gradual evolution of this technology is likely to result in increased acceptance across different geographies, industry segments and nozzle types
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About Author
Arun_Gupta
Arun is an enthusiastic professional and has been associated with Roots Analysis since the very early years. He has led multifaceted roles over the years be it business research, consulting, competitive intelligence, IT & technology, sales and marketing. He currently drives strategic thinking and execution within the sales and marketing domain. With educational background in life sciences from Thapar University and digital marketing credentials from Indian School of Business, he has led a lot of critical initiatives at the organization. His background in life sciences has been one of the key reasons for quick understanding and implementation of customized marketing strategies. During his early years, he has led multiple consulting assignments for global clients ranging from competitive landscaping, deal structuring and preparing go-to-market strategy for his clients.