Early buyers will receive 10% customization on this report.
Growth in this market is attributed to rising demand of lyophilized products and preserved food, growth in contract manufacturing services, and technological advancements in lyophilization techniques. However, high cost of setup and maintenance of the equipment, and strict regulatory guidelines that need to be followed in this process could restrain the growth of this market to a certain extent.
The global lyophilization equipment market is segmented by technology, scale of operation, application, accessories, and region. This report also discusses the key drivers, restraints, opportunities, and challenges for this market.
On the basis of technology, the market is segmented into tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers. The market based on scale of operation is segmented into industrial-scale, pilot-scale, and laboratory-scale.
On the other hand, the market on application is divided into food processing and packaging, pharmaceutical and biotechnology manufacturing, medical applications, and others. The accessories market is further segmented into loading and unloading systems, control and monitoring systems, vacuum systems, CIP systems, drying chamber, freeze drying trays/shelves, manifolds, and others.
In 2014, the tray-style freeze dryers market accounted for the largest share of the lyophilization equipment market based on technology.
This is majorly due to its wide applications in the pharmaceutical and food industries. Rising focus on contract manufacturing services and growing commercialization of labile drugs are further expected to drive the growth of this market.
On the basis of region, the lyophilization equipment market is broadly segmented into North America, Europe, Asia-Pacific, and Rest of the World. Presence of large number of manufacturing facilities, and rising R&D activities has led to the high shares of Asia-Pacific region in this market. This region is also expected to grow at the highest CAGR, owing to the rising investment by the major companies in the emerging markets.
Major players in the lyophilization equipment market include SP Industries, Inc. (U.S.), Azbil Corporation (Japan), GEA Group (Germany), Industria Macchine Automatiche S.P.A (Italy), Tofflon Science and Technology Co. Ltd (China), Martin Christ Gefriertrocknungsanlagen GmbH (Germany), Labconco Corporation (U.S.), Hof Enterprise Group (Germany), Millrock Technology Inc. (U.S.), and Optima Packaging Group GmbH (Germany).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
