Incorporating Freeze-Drying Equipment Boosted By Growth In Pharmaceutical Manufacturing

According to the new market research report “Freeze-Drying Equipment Market by Type (Tray, Shell, Manifold), Scale of operation (Industrial, Lab, Pilot), Application (Food, Pharma & Biotech), Accessories (Loading & Unloading, Monitoring, Vacuum Systems, Drying Chambers) – Global Forecast to 2025″ published by MarketsandMarkets™.Revenue Growth Opportunities and Growth Drivers?The Global freeze-drying market is projected to reach USD 7.3 billion by 2025 from USD 4.9 billion in 2020, at a CAGR of 8.2% from 2020 to 2025Growth Boosting Factors:Increasing demand for food preservationRising demand for lyophilized products in the pharmaceutical and biotechnology industriesRapid growth in contract manufacturing and lyophilization services across the worldTechnological advancements in lyophilization methodsGrowth Opportunities:Emerging marketsLoss of patent protection of several biologicsBrowse 134 market data Tables and 27 Figures spread through 171 Pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24018886Market Segmentation in Detailed:Based on type, the lyophilization equipment market is classified into tray-style freeze dryers, manifold freeze dryers, and shell (rotary) freeze dryers.

In 2019, the tray-style freeze dryers segment accounted for the largest share of 72.1%.

This segment is also estimated to grow at the highest CAGR of 8.2% during the forecast period.

Growth in this market is largely driven by factors such as the increasing demand for contract manufacturing and contract lyophilization services in the pharmaceutical industry, the growing commercialization of labile drugs, and the rising demand for freeze-dried food products.

Tray-style freeze dryers are also larger than manifold and rotary freeze dryers, enabling them to dry products in bulk.Based on scale of operation, the freeze-drying market is segmented into industrial-scale lyophilization equipment, pilot-scale lyophilization equipment, and laboratory-scale lyophilization equipment.

In 2019, the industrial-scale lyophilization equipment segment accounted for the largest share of 68.2% of the market.

May 06, 2019: The global freeze drying equipment market size is anticipated to reach USD 2.77 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 8.7% during the forecast period.

Furthermore, the market is also driven by expansion of the biotechnology industry and growing focus of pharmaceutical manufacturers on emerging markets.Growing interest of biotechnology industry participants in freeze drying equipment in regions such as Asia Pacific and Latin America is projected to drive the market.

Additionally, development of biosimilar and vaccines in developing regions and shift of various biopharmaceuticals manufacturing industries from developed to developing regions is poised to drive the market in these regions.

Additionally, various key players are aiming towards marking their market presence by acquiring small scale equipment manufacturers present in developing countries to gain a competitive edge.

This is also stoking the growth of the market.Download sample Copy of This Report at: https://www.radiantinsights.com/research/freeze-drying-equipment-market/request-sample Furthermore, mobile freeze dryers are poised to witness significant growth over the forecast period owing to their portability & ease of use.

Thus, the market is likely to witness lucrative growth in the biotechnology sector due to increasing demand for storage of umbilical cords which are further used in surgeries.

March 11, 2019: The global freeze drying equipment market size is anticipated to reach USD 2.77 billion by 2025, according to a study conducted by Radiant Insights Inc, progressing at a CAGR of 8.7% during the forecast period.

Furthermore, the market is also driven by expansion of the biotechnology industry and growing focus of pharmaceutical manufacturers on emerging markets.Growing interest of biotechnology industry participants in freeze drying equipment in regions such as Asia Pacific and Latin America is projected to drive the market.

Additionally, development of biosimilar and vaccines in developing regions and shift of various biopharmaceuticals manufacturing industries from developed to developing regions is poised to drive the market in these regions.

Additionally, various key players are aiming towards marking their market presence by acquiring small scale equipment manufacturers present in developing countries to gain a competitive edge.

Thus, the market is likely to witness lucrative growth in the biotechnology sector due to increasing demand for storage of umbilical cords which are further used in surgeries.

Additionally, key players are engaged in introducing innovative products in the market to maintain their market presence and shares.

The global Freeze Drying Equipment Market size is estimated to reach USD 2.77 billion, by the end of 2025, and is projected to grow at a CAGR of 8.7% over the forecast years, 2019 to 2025, as per a new report published by Million Insights.

In addition, growing biotechnology sector and rising focus on emerging market by pharmaceutical companies are also supporting market growth.

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/freeze-drying-equipment-market/request-sample Market Synopsis of Freeze Drying Equipment Market:  Furthermore, the increasing focus of biotechnology participants on drying equipment across Latin America, and Asia Pacific is driving market growth.

In addition, the development of vaccine & bio similar product in developed and developing countries is projected to positively impact on market growth.

Key players in the global market engage in the strategic acquisition of small manufacturers to gain an edge over their competitors.

Mobile freeze dryers are projected to register significant growth over the next few years mainly due to easy portability options.

The global freeze drying equipment market size is expected to reach USD 3.11 Billion by 2026 according to a new study by Polaris Market Research.

This process preserves the quality, taste and texture of wide range of products.

The rapidly growing food processing industry is expected to be one of the major reasons for the augment in demand for freeze drying equipment over the forecast period.

Request a sample  this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/freeze-drying-equipment-market/request-for-sample Industrial freezers hold a major share in the global market.

This is mainly due to its usage in various industrial areas because of its high efficiency.

Pharmaceuticals and food processing industries are anticipated to hold a massive share in the global showcase.