IMARC Group, a leading market research company, has released a report titled “Freeze-Drying Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global freeze-drying equipment market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
Also known as lyophilization, freeze-drying refers to a process involving freezing a product at extremely low temperatures and gradually removing its water content through sublimation, converting it directly from a solid to a gas without undergoing the liquid phase. It is a unique preservation technique that is utilized for removing moisture from different products while preserving their texture, integrity, and nutritional value. It offers several advantages, such as extended shelf life, improved stability, and enhanced product quality.
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Freeze-Drying Equipment Market Trends and Drivers:
Freeze-drying equipment finds application in the pharmaceutical industry during the production of vaccines, biologics, and sensitive pharmaceutical formulations as it preserves the potency and efficacy of these products, ensures longer shelf life and enhances patient safety. Moreover, the increasing focus on personalized medicine and regenerative therapies is catalyzing the demand for freeze-drying equipment in the biotechnology sector as it enables the preservation of cells, tissues, and biopharmaceuticals. It also facilitates advanced research and development in the field of regenerative medicine. Apart from this, the growing demand for convenience foods and ready-to-eat (RTE) meals, coupled with the burgeoning food and beverage (FB) industry, is resulting in the increasing adoption of freeze-drying equipment worldwide. In addition, technological advancements in freeze-drying equipment like automated systems, in-line monitoring, and improved control software, are improving process efficiency and productivity. This, along with the launch of portable and compact freeze-drying equipment, is impelling the growth of the market. Furthermore, with the increasing focus on sustainability and eco-friendly practices, key market players are investing in energy-efficient freeze-drying equipment that minimizes environmental impact.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Dryer Type:
- Tray Style Freeze Dryers
- Manifold Freeze Dryers
- Rotary Freeze Dryers
Breakup by Scale of Operation:
- Industrial Scale Freeze Dryer
- Pilot Scale Freeze Dryer
- Laboratory Scale Freeze Dryer
Breakup by Application:
- Food Processing and Packaging
- Pharmaceutical and Biotechnology
- Biomedical Engineering
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Azbil Corporation
- Cuddon Freeze Dry
- GEA Group Aktiengesellschaft
- Harvest Right
- HOF Sonderanlagenbau GmbH
- Labconco Corporation
- Martin Christ Gefriertrocknungsanlagen GmbH
- Millrock Technology, Inc.
- OPTIMA packaging group GmbH
- Shanghai Tofflon Science
- Technology Co. Ltd.
- Thermo Fisher Scientific.
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