Freezing Drying Equipment
Freeze drying, also known as lyophilization or cryodesiccation, is a low-temperature dehydration process which involves freezing the product, lowering pressure, then removing the ice by sublimation. The original shape of the product is maintained and the quality of the rehydrated product is excellent.
Market trend Snapshot
Global Freezing Drying Equipment market was valued at 1,892 million USD in 2019 and projected to reach 3,292 million USD by 2026, growing at a CAGR of 8.23%. This report provides comprehensive and in-depth analysis and prediction of the Freezing Drying Equipment industry.
First of all, the rapid expansion of the food processing and pharmaceutical industries and raising awareness regarding various benefits of the product, such as enhanced efficiency pertaining to desiccant drying and air-drying the growth of the market are the key driving factors for the Freezing Drying Equipment market growth. Secondly, the surging usage in surgical procedures, leather preservation, and flower preservation, increased usage in food processing due to growing preference of consumers towards custom-built food industry, and growing urbanization and surging consumption of preserved food are some of the other crucial factors that propel the market growth. Furthermore, expansion of the biotechnology industry and the growing focus of pharmaceutical manufacturers on emerging markets are giving impetus to the market growth. On the contrary side, higher setup & maintenance cost is projected to hinder the market growth during the forecast period.
From Base year 2018 to forecast year 2026
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Key Market Players Profile
Various market pacemakers covered in the report are I.M.A. Industria Macchine Automatiche S.P.A., GEA Group, Tofflon Science and Technology Co., Ltd., Azbil Corporation, SP Industries, Inc., HOF Enterprise Group, Labconco Corporation, Martin Christ Gefriertrocknungsanlagen Gmbh, Millrock Technology Inc., and Optima Packaging Group Gmbh. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
North America holds the largest Freezing Drying Equipment market share
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
North America dominated the Freezing Drying Equipment market with a share of 32.95% and estimated to maintain dominance during the predicted years. The Asia Pacific was the second largest market with a share of 29.33% and projected to witness a fast growth during the forecast period owing to the increasing establishment of pharmaceutical companies in India and China. Europe occupied a share of 27.41% in 2018 and endowed with a bright future due to the presence of leather tanneries.
Freezing Drying Equipment Type and Application Sketch
By type
Tray style freeze dryers segment holds the maximum market share. These dryers facilitate both primary and secondary freeze drying and are used to produce the driest products for long-term storage. They can dry products in large quantities, in vials, or other containers and play a significant role in applications such as the long-term storage of vaccines and labile drugs. Additionally, the rising demand for frozen and packaged food around the world will also augment the demand for tray style freeze dry machines during the forecast period.
By application
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Freezing Drying Equipment Report provides
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Freezing Drying Equipment Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Freezing Drying Equipment Market by Types
4 Segmentation of Freezing Drying Equipment Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Freezing Drying Equipment Market in Major Countries
7 North America Freezing Drying Equipment Landscape Analysis
8 Europe Freezing Drying Equipment Landscape Analysis
9 Asia Pacific Freezing Drying Equipment Landscape Analysis
10 Latin America, Middle East & Africa Freezing Drying Equipment Landscape Analysis
11 Major Players Profile
11.1 I.M.A. Industria Macchine Automatiche S.P.A.
11.1.1 I.M.A. Industria Macchine Automatiche S.P.A. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 GEA Group
11.3 Tofflon Science and Technology Co., Ltd.
11.4 Azbil Corporation
11.5 SP Industries, Inc.
11.6 HOF Enterprise Group
11.7 Labconco Corporation
11.8 Martin Christ Gefriertrocknungsanlagen Gmbh
11.9 Millrock Technology Inc.
11.10 Optima Packaging Group Gmbh
…
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