According to the latest report by IMARC Group “Freeze-Drying Equipment Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026“, The global freeze-drying equipment market grew at a CAGR of around 7% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
Freeze-drying or lyophilization is the process of removing frozen solvents and bound water molecules from a material through sublimation and desorption. Freeze drying equipment allows the ice to change directly from a solid to a vapor state without passing through the liquid phase. Thus, it helps achieve freeze-drying in different volumes, such as small at-home freeze dryers to large production-scale equipment. It does not cause shrinkage and toughening of the material and helps keep the appearance and characteristics of the product intact. As a result, freeze-drying equipment finds application in food preservation, pharmaceutical, surgical procedures, biotechnology, and packaging industries.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Market Trends:
The global freeze-drying equipment is primarily driven by the rapid expansion of food processing industry. Freeze drying equipment preserves and extends the shelf life, locks in the essential nutrients, and enhances the flavor of fruits, vegetables and meat. In addition, free drying equipment is increasingly utilized in new biologic drugs and injectable formulations in the pharmaceutical and biotechnology industry. Furthermore, the increasing awareness regarding various benefits offered by the equipment and the urgency of testing during the outbreak of coronavirus disease (COVID-19) has led to the rising adoption of freeze-drying equipment to meet the demand for diagnostic kits. Furthermore, the rising demand for freeze-drying equipment in surgical procedures, leather preservation, and flower preservation is expected to impact the market growth.
Breakup by Dryer Type:
- Tray Style Freeze Dryers
- Manifold Freeze Dryers
- Rotary Freeze Dryers
Breakup by Scale of Operation:
- Industrial Scale Freeze Dryer
- Pilot Scale Freeze Dryer
- Laboratory Scale Freeze Dryer
Breakup by Application:
- Food Processing and Packaging
- Pharmaceutical and Biotechnology
- Biomedical Engineering
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Azbil Corporation
- Cuddon Freeze Dry
- GEA Group Aktiengesellschaft
- Harvest Right
- HOF Sonderanlagenbau GmbH
- Labconco Corporation
- Martin Christ Gefriertrocknungsanlagen GmbH
- Millrock Technology, Inc.
- OPTIMA packaging group GmbH
- Shanghai Tofflon Science
- Technology Co. Ltd.
- Thermo Fisher Scientific.
Key highlights of the Report:
- Market Performance
- Market Outlook
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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