Freeze Drying Equipment Market Size 2021 Overview by Trends, Challenges, CAGR, Developments, Manufacturers, Price, Growing Demand – Global Forecast to 2028
The freeze-drying equipment market report provides accurate and reliable market data and useful recommendations with an aim to help the players gain an insight into the overall present and future market scenario.
Dallas, United States – May 21, 2021 /MarketersMedia/ —
Global Freeze Drying Equipment Market
Dry freezing process refers to the process of eliminating moisture from the products and storing them for a longer time. The Freeze Drying Equipments are extensively used for the protection of pharmaceuticals, heat-sensitive biological materials, food and many others. The use of freeze-drying equipments has become a latest trend in pharmaceutical and biotechnology industries in order to stabilize the drugs and store drug products. Furthermore, these equipments are also used for lowering the temperature of products in the pharmaceutical industries. The process involves extraction of water by applying a high-pressure vacuum in the form of vapor. The Freeze Drying Equipment industry has witnessed a praiseworthy growth over the recent times on global level. The consistent development in the pharmaceutical and food industry has been the major aspect responsible for this upsurge in the growth of Freeze Drying Equipment industry.
The global freeze drying equipment market is projected to reach USD 3,817.3 million by 2028, growing at a CAGR of 7.7%.
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The process of removing moisture is also called as lyophilization. The dry-freezing product includes vacuum pumps, sensors, freezing chamber and others for dry cryogenic liquid storage process. However the conventional process of freeze-drying is getting replaced by several advanced technologies. These consistent technological advancements in the Freeze Drying Equipment industry are anticipated to provide lucrative opportunities for growth. However, the high costs linked with the implementation of these advanced solutions might have a negative influence on the growth of the industry. Nevertheless, the rising awareness related to the beneficial features provided by these products like as enhanced efficiency in air-drying and desiccant drying are likely to boost demand for Freeze Drying Equipment across the globe over the forecasted period.
There has a significant growth in the usage these products in flower preservation, leather preservation, and surgical procedures. Furthermore, due to rising preference of consumers towards custom-built food industry and the surging consumption of preserved food use of freezing drying equipment in food sector has also been increased. These factors are offering lucrative opportunities for growth in the market. The Freeze Drying Equipments are anticipated to proliferate in the military & defense sector in coming years as the use of freeze dried plasma in the battlefield is increasing day by day. However, the global COVID-19 pandemic has had a negative impact on the growth of the Freeze Drying Equipment industry just like every other industry sector. But, the exponential growth in demand for pharmaceutical products and drugs during this period managed to keep the industry going. The industry growth is anticipated to be restrained by the factors like high capital investment, long processing time and many more.
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Key players of the global freeze drying equipment market include Tofflon Science and Technology Co., Ltd., IMA S.p.A., GEA Group, Azbil Corporation, SP Industries Inc., Labconco Corporation, Optima Packaging Group GmbH, HOF Enterprise Group, Martin Christ Gefriertrocknungsanlagen GmbH, Millrock technology, Inc. among others.
Key segments of the global freeze drying equipment market
Product Overview, 2018-2028 (USD Million)
• Tray style freeze dryers
• Manifold freeze dryers
• Rotary freeze dryers
Scale of Operation Overview, 2018-2028 (USD Million)
• Bench top
• Pilot scale
• Industrial scale
Application Overview, 2018-2028 (USD Million)
• Pharmaceutical
• Biotechnology
• Biomedical
• Food processing
• Others
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC
o South Africa
o Rest of MEA
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