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Lyophilization Equipment Market Forecast Report 2025: Revenue and Outlook by Industry Players

Author : Ronak Bora | Published Date : 2020-09-10 

Lyophilization Equipment Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Driven by growing visibility of freeze-drying technique across multiple industries, freeze drying or lyophilization equipment market is witnessing rapid momentum. Escalating demand for freeze-dried products and greater consumption of preserved food products will help lyophilization equipment market accrue massive gains in the coming years.

Given the increased tendency of pharmaceutical companies towards the production of novel products through freeze-drying technique, lyophilization equipment market volume is set to showcase momentous growth. The pharmaceutical industry is scaling up development of biopharmaceuticals such as protein-based drugs, which require lyophilization. In addition, rising demand for lyophilization equipment for bulk drying of active pharmaceutical ingredients (API) is exponentially augmenting lyophilization equipment market demand. For the record, lyophilization equipment market share from pharmaceutical applications accumulated gains over USD 1.3 billion in 2018.

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In terms of revenue, global lyophilization equipment market share is forecast to surpass USD 8.5 billion by the end of 2025, projects GMI, in its latest in-depth report.

Considering the product landscape, tray style equipment demand is intensifying across end use industries. Tray style lyophilization equipment enables both primary and secondary drying, thereby delivering products with higher shelf life and stability. Moreover, tray style lyophilization allows mass production in containers or in vials. Towering consumption of packed and preserved food items is imperative to spur tray style lyophilization equipment market growth. For the record, tray style freeze dryer market size was worth USD 3.6 billion in 2018.

From scale of operation point of view, industrial scale lyophilization equipment is predicted to witness accelerated demand. Industrial scale equipment is utilized in the food and pharmaceutical industries on account of their high efficiency and ability to freeze dry in bulk. Rising adoption rate in biotechnology industry will further augment market share in the coming years. Industrial scale lyophilization equipment market share is expected to register a CAGR of 8.2% over 2019-2025.

In terms of regional contribution, Europe and Asia Pacific are major revenue pockets of lyophilization equipment market. Within Europe, Germany is a key contributor and had procured 27.4% share of the market in 2018. The country has unprecedented leverage with regards to robust R&D facilities and the existence of major market players. In addition, strengthening demand for freeze-dried products in the country is expected to accelerate product penetration in the coming years.

On the other hand, China is anticipated to witness substantial growth and contribute majorly to Asia Pacific lyophilization equipment market trends. Elevation in the level of awareness regarding the benefits aligned with the technique has led to the adoption of lyophilization as a standard process of drugs storage and stabilization in both biotechnological and pharmaceutical industries. China lyophilization equipment market share is forecast to exhibit a CAGR of 9.9% over 2019-2025.

The strategic landscape of lyophilization equipment market is characterized by the presence of renowned players including Optima Pharma, Labconco,Buchi, Telstar, Scala Scientific, GEA group, Millrock Technology, Inc., SP Industries, and HOF Sonderanlagenbau GmbH. These players are vying to gain precedence in the market through the adoption of various growth approaches. Such measures include rapid product developments with respect to technological progress in order to reduce operating complexities associated with equipment. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/lyophilization-equipment-market

Partial Chapter of the Table of Content 

Chapter 4.  Lyophilization Equipment Market, By Product

4.1. Key segment trends

4.2. Tray style freeze dryers

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Manifold freeze dryers

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.4. Rotary freeze dryers

4.4.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5.  Lyophilization Equipment Market, By Scale of Operation

5.1. Key segment trends

5.2. Bench top

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Pilot scale

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

5.4. Industrial scale

5.4.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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