The global Freeze-drying Equipment Market is estimated to be valued at US$ 8.63 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Freeze-drying equipment are machines that are used to remove water from materials by freezing and sublimating it under vacuum conditions. Freeze-drying helps extend the shelf life of materials such as foods and pharmaceuticals by removing moisture content. It stabilizes thermally labile materials and reduces transportation volume.
Market key trends:
One of the key trends witnessed in the freeze-drying equipment market is the rising demand for secondary drying equipment. The secondary drying phase of the freeze-drying process lasts longer than the first drying phase, and requires specialized equipment to remove remaining moisture content from product. Hence, freeze-drying equipment manufacturers are focusing on developing advanced secondary drying systems equipped with technologies such as vacuum control, accurate temperature measurement and heating capabilities. For instance, Millrock Technology offers Lyophilizer systems with secondary drying options like vacuum control technology, which optimizes vacuum levels for effective dewatering.
Segment Analysis
The freeze-drying equipment market is segmented into tray-style freeze dryers, manifold freeze dryers, and shell (rotary) freeze dryers on the basis of type. The manifold freeze dryers segment dominates the market due to its advantages such as high drying rate, scalability, and efficiency. The manifold freeze dryers can accommodate dozens of vials/trays simultaneously for freeze drying. This enables processing of large biomolecule and small molecule drug batches in less time.
Key Takeaways
The global freeze-drying equipment market is expected to witness high growth, exhibiting a CAGR of 16% over the forecast period, due to increasing research and development activities in the pharmaceutical and biotechnology industries.
Regional analysis
North America dominates the global freeze-drying equipment market owing to presence of major pharmaceutical companies and rising adoption of lyophilization for new drug development in the region. The Asia Pacific region is expected to exhibit the fastest growth over the forecast period owing to increasing investments by market players and rising outsourcing of lyophilization processes by pharmaceutical companies in China, India, and other emerging Asian countries.
Key players
Key players operating in the freeze-drying equipment market are Cuddon Engineering Ltd., Freezedry Specialties, Inc., GEA Group, IMA Life The Netherlands B.V., Labconco Corporation, SP Industries, Inc., Telstar, Thermo Fisher Scientific Inc., MechaTech Systems Ltd., Millrock Technology Inc., Zirbus Technology GmbH, Biopharma Process Systems Ltd., LTE Scientific Ltd., Martin Christ GmbH, Shanghai Tofflon Science and Technology Co., Ltd., and MAQUINARIA INDUSTRIAL DARA,and other prominent players. The major players are focusing on product development and expansion strategies to strengthen their global presence.
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