Global Freeze-drying Market Report 2022 to 2029: Increasing Demand for Lyophilized Goods in the Pharmaceutical and Biotechnology Sectors Drives Growth
Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "Freeze-drying Market Analysis by Application, by Type of Lyophilization Equipment, By Accessories, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for lyophilized goods in the pharmaceutical and biotechnology sectors, innovations in lyophilization processes, and demand for food preservation are on the rise are some of the key drivers of the market.
However, pharmaceutical businesses are increasingly using reconditioned lyophilizers and the increasing use of alternate drying processes in the pharmaceutical and biotechnology sectors are expected to restrain the market growth.
In 2021, Asia-Pacific had the greatest share of the market due to the number of investments in this region increasing, as is R&D spending, and lyophilization equipment firms in this region are expanding geographically.
However, the presence of significant competitors in the lyophilization market in the APAC region, and the development of production facilities of prominent pharma firms, are likely to support market growth in this region throughout the forecast period.
Unlike the Asia Pacific, the Americas, with its developed pharmaceutical industry and prominent firms, have a strong growth potential in the projection term. The growth in demand for freezing equipment in various countries, and the developing economy in the food industry, are projected to have a significant influence on the worldwide freeze-drying equipment market.
SP Industries Inc. (US)
Shanghai Tofflon Science Technology Co. Ltd. (China)
HOF Enterprise Group (Germany)
Martin Christ Gefriertrocknungsanlagen GmbH (Germany)
Azbil Corporation (Japan)
IMA S.p.A. (Italy)
OPTIMA Packaging Group GmbH (Germany).
Millrock Technology Inc. (US)
GEA Group (Germany)
Labconco Corporation (US)
This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including application, type of lyophilization equipment, accessories, and scale of operation from 2022-2029.
Application (Revenue, USD Million)
Food Processing and Packaging
Pharmaceutical and Biotechnology Manufacturing
Type of Lyophilization Equipment (Revenue, USD Million)
Manifold freeze dryers
Tray-style freeze dryers
Shell (Rotary) freeze dryers
Accessories (Revenue, USD Million)
Clean-In-Place (CIP) Systems
Controlling & Monitoring Systems
Loading & Unloading Systems
Freeze Drying Trays & Shelves
Scale of Operation (Revenue, USD Million)
Pilot-scale lyophilization equipment
Industrial-scale lyophilization equipment
Laboratory-scale lyophilization equipment
By Region (Revenue, USD Million)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/1r29uk-drying?w=12
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