January 03, 2020
According to the research report titled ‘Lyophilization Equipment Market Size By Product (Tray Style Freeze Dryers, Manifold Freeze Dryers, Rotary Freeze Dryers), By Scale of Operation (Bench Top, Pilot Scale, Industrial Scale), By Application (Pharmaceutical, Biotechnology, Biomedical, Food Processing), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Spain, Italy, The Netherlands, France, China, Japan, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global lyophilization equipment market is expected to cross USD 8.5 billion by the year 2025.
Rising adoption of freeze-drying techniques in biotechnology and pharmaceutical industries is the major factor driving the lyophilization equipment market growth. Freeze-drying is extensively used for bulk drying of biopharmaceutical and pharmaceutical ingredients such as mAbs (monoclonal antibodies), enzymes, oligonucleotide, peptide, chemical API, protein, and collagen. It not only allows easy transportation but also improves the stability and shelf-life of the products. Thus, growing awareness regarding advantages of lyophilization is aiding the expansion of the market.
Freeze-drying techniques offer easy and rapid dissolution of reconstituted product and removes moisture without the need for excessive heating. Additionally, it simplifies aseptic handling by easy processing of aqueous solutions and improves the stability of dry powder. However, high capital investment and heavy maintenance cost of devices may hinder the growth of lyophilization equipment market.
As per product type, manifold freeze dryers segment is expected to grow with a CAGR of 9% during 2019-2025. The growth is attributed to extensive use of the equipment for freeze drying the contents of small flasks, serum vials, and ampules. It is also used in processing HPLC (high-performance liquid chromatography) fractions and for development of active pharmaceutical ingredients, hence enhancing segmental gains.
The report cites that industrial scale lyophilization equipment market held 85% revenue share in 2018. Surging demand of lyophilized coffee and tropical fruits, coupled with increasing adoption by biopharmaceutical companies for preserving valuable ingredients are fueling the growth of the segment.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2270773/
Based on application spectrum, pharmaceutical segment will grow by 9% and is expected to dominate the lyophilization equipment market during the forecast period, as the equipment is largely used for drying and storing drugs, antibodies, vaccines, and other biological products.
Considering the geographical landscape, Brazil lyophilization equipment market is expected to accrue USD 400 million by the year 2025, due to surging demand for freeze dried fruits and vegetables. Flourishing pharmaceutical industry and growing popularity of lyophilized coffee will augment the regional share.
Scala Scientific, Millrock Technology, Optima Pharma, SP Industries, GEA Group, Telstar, Buchi, HOF Sonderanlagenbau GmbH, and Labconco are some of the prominent companies operating in lyophilization equipment market.
Frequently Asked Questions (FAQ) :