Freeze Drying Equipment Market

Freeze Drying Equipment Market by Applications (Surgical Procedures, Pharmaceuticals, Biotechnology, Food Processing, and Others), Products (Laboratory Freeze Dryers, General Purpose Freeze Dryers, Mobile Freeze Dryers, Bench Top Freeze Dryers, Industrial Freeze Dryers, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-3779
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 216
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The global freeze drying equipment market size was valued at USD 1.77 billion in 2020 and is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to wide use in prevention of heat-sensitive pharmaceuticals, biological materials, and food, among others.


Freeze Drying Equipment Market Key Takeaways

Freeze drying, which is also known as lyophilization is an act of extracting water from perishable materials in order to prolong their shelf life and prepare them for transit. Freeze drying process operates by freezing the substance, then dropping the pressure, and raising the temperature to allow the frozen water in the substance to dissipate.

The COVID-19 outbreak has brought negative impact on the freeze drying equipment market due to imposed restrictions and enforced lockdowns by respective regulatory bodies, which resulted in disruption in demand and supply chain globally. The market is expected to recover an uptrend operation soon due to subsiding the COVID cases gradually across the globe.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising adoption of smart technologies that helps remote monitor and control is expected to boost the market growth in the coming years.
  • Increasing demand for food preservation is one of the key factors driving the market growth.
  • Growing utilization of alternative drying techniques in the pharmaceutical and biotechnology industries is anticipated to hinder the market expansion during the projected period.
  • Difficulties in achieving the desired moisture levels and maintaining product quality network present a major challenge. This is anticipated to hamper the market growth in the projected period.
  • Loss in patent protection of several biologics is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global freeze drying equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Freeze Drying Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Surgical Procedures, Pharmaceuticals, Biotechnology, Food Processing, and Others) and Products (Laboratory Freeze Dryers, General Purpose Freeze Dryers, Mobile Freeze Dryers, Bench Top Freeze Dryers, Industrial Freeze Dryers, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Azbil Corp.; Labconco Corp.; GEA Group; and Tofflon Science and Technology Co., Ltd.

Market Segment Insights

Biotechnology segment to grow at a rapid pace

Based on applications, the global freeze drying equipment market is divided into surgical procedures, pharmaceuticals, biotechnology, food processing, and others. The biotechnology segment is expected to grow at a rapid pace during the forecast period owing to process as it maintains moisture and reduces pressure of products through sublimation, which is highly preferable for food processing. However, the pharmaceuticals segment is anticipated to hold a key share of the market in the coming years due to significant usage of freeze drying equipment to preserve biologicals, such as viruses & bacteria, enzymes, proteins, and penicillin.


Freeze Drying Equipment Market By Applications

Industrial freeze dryers’ segment to expand at a considerable CAGR

On the basis of products, the market is segregated into laboratory freeze dryers, general purpose freeze dryers, mobile freeze dryers, bench top freeze dryers, industrial freeze dryers, and others. The industrial freeze dryers segment is projected to expand at a considerable CAGR during the forecast period attributed to its wide usage in large industries due to its high-performance efficiency. On the other hand, the mobile freeze dryers segment is anticipated to account for a major market share during the forecast period due to ease of use, their portability, and multi-functionality benefits.

North America to constitute a key market share

In terms of regions, the global freeze drying equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the presence of major key players in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed to the increasing establishment of pharmaceutical companies across the region.

Segments

Segments Covered in the Report
The global freeze drying equipment market has been segmented on the basis of

Applications
  • Surgical Procedures
  • Pharmaceuticals
  • Biotechnology
  • Food Processing
  • Others
Products
  • Laboratory Freeze Dryers
  • General Purpose Freeze Dryers
  • Mobile Freeze Dryers
  • Bench Top Freeze Dryers
  • Industrial Freeze Dryers
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Azbil Corp.
  • Labconco Corp.
  • GEA Group
  • Tofflon Science and Technology Co., Ltd.

Competitive Landscape

Key players competing in the global freeze drying equipment market are Azbil Corp.; Labconco Corp.; GEA Group; and Tofflon Science and Technology Co., Ltd. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Freeze Drying Equipment Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Freeze Drying Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Freeze Drying Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Freeze Drying Equipment Market - Supply Chain
  4.5. Global Freeze Drying Equipment Market Forecast
     4.5.1. Freeze Drying Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Freeze Drying Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Freeze Drying Equipment Market Absolute $ Opportunity
5. Global Freeze Drying Equipment Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Freeze Drying Equipment Market Size and Volume Forecast by Applications
     5.3.1. Surgical Procedures Pharmaceuticals Biotechnology Food Processing Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Freeze Drying Equipment Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Freeze Drying Equipment Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Freeze Drying Equipment Demand Share Forecast, 2019-2026
7. North America Freeze Drying Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Freeze Drying Equipment Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Freeze Drying Equipment Market Size and Volume Forecast by Applications
     7.4.1. Surgical Procedures Pharmaceuticals Biotechnology Food Processing Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Freeze Drying Equipment Demand Share Forecast, 2019-2026
8. Latin America Freeze Drying Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Freeze Drying Equipment Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Freeze Drying Equipment Market Size and Volume Forecast by Applications
     8.4.1. Surgical Procedures Pharmaceuticals Biotechnology Food Processing Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Freeze Drying Equipment Demand Share Forecast, 2019-2026
9. Europe Freeze Drying Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Freeze Drying Equipment Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Freeze Drying Equipment Market Size and Volume Forecast by Applications
     9.4.1. Surgical Procedures Pharmaceuticals Biotechnology Food Processing Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Freeze Drying Equipment Demand Share Forecast, 2019-2026
10. Asia Pacific Freeze Drying Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Freeze Drying Equipment Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Freeze Drying Equipment Market Size and Volume Forecast by Applications
     10.4.1. Surgical Procedures Pharmaceuticals Biotechnology Food Processing Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Freeze Drying Equipment Demand Share Forecast, 2019-2026
11. Middle East & Africa Freeze Drying Equipment Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Freeze Drying Equipment Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Freeze Drying Equipment Market Size and Volume Forecast by Applications
     11.4.1. Surgical Procedures Pharmaceuticals Biotechnology Food Processing Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Freeze Drying Equipment Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Freeze Drying Equipment Market: Market Share Analysis
  12.2. Freeze Drying Equipment Distributors and Customers
  12.3. Freeze Drying Equipment Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Azbil Corp. Labconco Corp. GEA Group Tofflon Science and Technology Co., Ltd.
Segments Covered in the Report
The global freeze drying equipment market has been segmented on the basis of

Applications
  • Surgical Procedures
  • Pharmaceuticals
  • Biotechnology
  • Food Processing
  • Others
Products
  • Laboratory Freeze Dryers
  • General Purpose Freeze Dryers
  • Mobile Freeze Dryers
  • Bench Top Freeze Dryers
  • Industrial Freeze Dryers
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Azbil Corp.
  • Labconco Corp.
  • GEA Group
  • Tofflon Science and Technology Co., Ltd.

Key players competing in the global freeze drying equipment market are Azbil Corp.; Labconco Corp.; GEA Group; and Tofflon Science and Technology Co., Ltd. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Freeze Drying Equipment Market By Key Players

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