Global Freeze Drying Equipment Market, By Equipment Type (Rotary, Mobile, Others), By Scale of Operation (Industrial, Commercial, Others), By Capacity (10-150kg, Others), By Application (Biotech, Others), By Region, Estimation & Forecast, 2017 – 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Freeze Drying Equipment market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Freeze Drying Equipment market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global freeze drying equipment market held a market value of USD 1,945.60 Million in 2020 and is forecasted to reach USD 3,356.08 Million by the year 2027. The market is anticipated to register a CAGR of 8.1% over the projected period. The market volume is projected to reach about 575,750 Units by 2027.
Freeze drying equipment also known as lyophilization equipment helps in the water removal process, typically adopted for the preservation of perishable goods. It extends the shelf life and prepares material for transportation. The market is anticipated to be driven by the rising demand for freeze-drying of new biologic drugs and injectable formulations. Furthermore, the increasing contract manufacturing & lyophilization services, coupled with the rising adoption of freeze-drying technology for delicate and sensitive materials of high value are also expected to boost the market growth.
Despite the driving factors, stringent government regulations & policies coupled with the high cost of the freeze-drying technique are estimated to negatively hamper the market growth. The rising utilization of alternative drying techniques, especially in the pharma and biotech sector is also expected to restrain the market growth. During the COVID-19 pandemic, the market experienced a negative impact due to challenges in the supply chain and manufacturing.
Increasing demand for freeze-drying of new biologic drugs and injectable formulations
Biologics are complex and need to be processed as well as stored under strict quality control guidelines. They need specialized conditions for preserving the integrity of the drug’s activity. According to an article by PCI Synthesis, as of August 2019, about 16% of the top 100 drugs are lyophilized. As per the same source, the percentage of lyophilized biological drugs is more than 35%. Such rising demand for freeze-drying of new biologic drugs and injectable formulations is expected to boost market growth.
Increasing contract manufacturing and lyophilization services
Lyophilization services are adopted by biopharmaceutical companies for keeping their APIs and drugs sterile. Also, these companies adopt 2 ways for bringing their drugs to market. One of these ways is contract manufacturing. Contract manufacturing organizations require freeze-drying equipment for the transportation of the drugs. Therefore, the rising adoption of lyophilization services and contract manufacturing organizations is expected to boost market growth.
The global freeze drying equipment market is segmented the equipment type (form factor), scale of operation, capacity, and application.
By Equipment Type (Form Factor),
- Bench-top freeze-dryers
- Tray-style freeze dryers
- Manifold freeze dryers
- Rotary freeze dryers
- Mobile freeze dryers
- Parts & Accessories
The tray-style freeze dryers segment is anticipated to hold the largest share of about 37% owing to the increasing demand for contract lyophilization and manufacturing services. The parts & accessories segment is expected to grow at the fastest CAGR of around 8.2%.
By Scale of Operation,
- Industrial freeze dryers
- Commercial freeze dryers
- Laboratory freeze dryers
- Pilot-scale freeze dryers
The industrial freeze dryers segment is expected to hold the largest market share and is expected to surpass a volume of 314,000 units by 2025. This is because of the high standard of quality provided by the industrial-scale lyophilization equipment. The laboratory freeze dryers segment is estimated to witness the fastest growth rate of around 9.1% during the forecast period.
- <10 kg
- 10-150 kg
- 150-500 kg
- 500-1000 kg
- >1000 kg
The <10 kg segment is expected to hold a market value of USD 200 million in 2020. The 10-150 kg segment is estimated to witness the fastest growth rate of around 9.6%. The 150-500 kg segment is anticipated to surpass a market volume of 184,000 by 2023.
- Chemicals & Pharmaceuticals
- Food Processing and Packaging
- Vegetable & Meat
- Other Farm & Agri products
- Healthcare/ Medical
- Others (Research, Preservation)
The biotechnology segment is expected to hold a market volume of 52,132 units in 2020. This is due to the high demand for freeze-drying equipment by biotechnology companies. Within, the food processing and packaging segment, the other farm, and Agri products segment is estimated to witness a growth rate of 11%.
Based on region, the global Freeze Drying Equipment market is divided into Europe, North America, Asia, Middle East & Africa, and South America.
Asia consists of China, Japan, India, South Korea, Southeast Asia, and the Rest of Asia. The region is expected to hold the largest market share owing to the presence of a large number of contract manufacturing organizations, especially in India. Southeast Asia consists of Malaysia, Indonesia, Singapore, Thailand, Vietnam, the Philippines, and the rest of southeast Asia. The Malaysia region is expected to surpass a market volume of 2500 units by 2024.
The European market is expected to hold the second-largest market share owing to the presence of major market players in the region. The region consists of the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe. The UK region held a market value of over USD 44 million in 2020 and France witnessed a growth rate of 8.4% during the forecast period.
The North American region consists of the United States, Canada, and Mexico. The Middle East & Africa region consists of Saudi Arabia, UAE, South Africa, and the Rest of the MEA. The South American region consists of Argentina, Brazil, and the rest of South America.
Key players operating in the global Freeze Drying Equipment market include Azbil Corporation, Biopharma Process Systems Ltd., BÜCHI Labortechnik AG, Cryotec Fr, Cuddon Freeze Dry, Freeze Drying Systems Pvt. Ltd, Freezedry Specialties, Inc., GEA Group, HOF Enterprise Group, Industria Macchine Automatiche S.p.A., Labconco Corporation, Lyophilization Systems Ltd., MechaTech Systems Ltd., Millrock Technology, Inc., OPTIMA Packaging Group GmbH, Scala Scientific B.V., SP Industries, Inc., Tofflon Science and Technology Co. Ltd, Zirbus Technology GmbH, and other such prominent players.
The approximate market share of the top 5 players is near about 35%. These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in March 2021, GEA refrigeration technologies opened its new service branch in Patterson, California, the U.S. the company aimed at enhancing its customers’ experience through this service center.
The global Freeze Drying Equipment market report provides insights on the below pointers:
- Market Penetration: Provides comprehensive information on the market offered by the prominent players
- Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
- Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Freeze Drying Equipment market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
- Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Freeze Drying Equipment market report answers questions such as:
- What is the market size and forecast of the Global Freeze Drying Equipment Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Freeze Drying Equipment Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Freeze Drying Equipment Market?
- What is the competitive strategic window for opportunities in the Global Freeze Drying Equipment Market?
- What are the technology trends and regulatory frameworks in the Global Freeze Drying Equipment Market?
- What is the market share of the leading players in the Global Freeze Drying Equipment Market?
- What modes and strategic moves are considered favorable for entering the Global Freeze Drying Equipment Market?
For the purpose of creating company plans and strategies, our market research offers crucial information on market size, business trends, industry structure, market share, and market predictions.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We examine how COVID-19 has affected diverse regions and significant nations.It is noted how COVID-19 will affect the industry’s future growth.
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- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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The market factors described in this report are:
Key Strategic Developments in the Market:
The research includes the key strategic developments of the market, comprising R&D, M&A, agreements, new product launch, collaborations, partnerships, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.
Key Market Features in Global Market:
The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition to that, the study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments.
Analytical Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Freeze Drying Equipment Market Report:
|Global Freeze Drying Equipment Market Research Report|
|Section 1: Global Freeze Drying Equipment Industry Overview|
|Section 2: Global Economic Impact on Freeze Drying Equipment Industry|
|Section 3: Global Market Competition by Industry Producers|
|Section 4: Global Productions, Revenue (Value), according to Regions|
|Section 5: Global Supplies (Production), Consumption, Export, Import, geographically|
|Section 6: Global Productions, Revenue (Value), Price Trend, Product Type|
|Section 7: Global Market Analysis, on the basis of Application|
|Section 8: Freeze Drying Equipment Market Pricing Analysis|
|Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers|
|Section 10: Strategies and key policies by Distributors/Suppliers/Traders|
|Section 11: Key Marketing Strategy Analysis, by Market Vendors|
|Section 12: Market Effect Factors Analysis|
|Section 13: Global Freeze Drying Equipment Market Forecast|
……..and view more in complete table of Contents
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