Freeze-Drying Equipment - Global Market Review & Outlook (2021-2026) – IMARCGroup.com
According to the latest report by IMARC Group, titled, “Freeze-Drying Equipment Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026", the global freeze-drying equipment market grew at a CAGR of around 7% during 2015-2020.
Freeze drying equipment refer to the devices that are used to remove frozen solvents and bound water molecules from a material through sublimation and desorption procedures. Compared to conventional dehydration equipment that uses higher temperatures, freeze-drying equipment does not cause shrinkage or toughening of the material, thereby maintaining the original appearance and characteristics of the product. As a result, this equipment is widely utilized across the food and beverage (F&B) and pharmaceutical industries.
The growing demand for ready-to-cook and processed food products, on account of sedentary lifestyles and hectic work schedules of the consumers, is propelling the market for freeze-drying equipment. Furthermore, freeze-drying equipment are also adopted for food packaging for special task forces and military groups as they help in reducing the food's overall weight along with providing easy storage and transportation during extreme weather conditions. Moreover, the expanding pharmaceutical industry is catalyzing the demand for freeze-drying equipment to store injectables and biological samples for longer periods, thereby further propelling the market. In recent times, with the sudden outbreak of the COVID-19 leading to the urgency of disease diagnosis, there is a rise in the demand for freeze-drying equipment pertaining to the diagnostic kits.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Freeze-Drying Equipment Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being Amgen Inc., AstraZeneca PLC, Daiichi Sankyo Company Limited, Eli Lilly and Company, Esperion Therapeutics Inc., GlaxoSmithKline Pharmaceuticals Limited (GlaxoSmithKline Plc), Immuron Limited, Ionis Pharmaceuticals Inc., Merck & Co. Inc., Pfizer Inc. and Sanofi S.A.
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The report has segmented the market on the basis of Dryer Type, Scale of Operation, Application, Offering, Communication Protocol, End Use and Region.
Market Breakup by Dryer Type:
- Tray Style Freeze Dryers
- Manifold Freeze Dryers
- Rotary Freeze Dryers
Market Breakup by Scale of Operation:
- Industrial Scale Freeze Dryer
- Pilot Scale Freeze Dryer
- Laboratory Scale Freeze Dryer
Market Breakup by Application:
- Food Processing and Packaging
- Pharmaceutical and Biotechnology
- Biomedical Engineering
Market Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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