Freeze-drying equipment help to maintain various parameters such as physical state, aroma, and chemical properties. Major application areas of freeze-drying equipment are food preservation, packaging, pharmaceuticals, surgical procedures, and biotechnology.
The global Freeze-Drying Equipment Market is estimated to account for US$ 68,817.1 Mn in terms of value by the end of 2027.
Global Freeze-drying Equipment Market: Drivers
Increasing adoption of freeze-dryers is expected to propel growth of the global freeze-drying equipment market over the forecast period. For instance, in February 2020, LSNE Contract Manufacturing, a contract development and manufacturing organization, broke ground on a 26,000 square foot addition of its existing 7 Commerce facility on the Bedford, New Hampshire campus, which features a high-speed six head Bausch+Ströbel aseptic vial filling line, Ziel isolator, and multiple large-scale commercial freeze-dryers with automated loading/unloading.
Global Freeze-drying Equipment Market: Opportunities
Increasing investment for R&D in lyophilization is expected to offer lucrative growth opportunities for players in the global freeze-drying equipment market. For instance, in May 2020, The National Institute for Innovation in Manufacturing Biopharmaceuticals announced approximately US$ 10 million in funding for 14 new projects, including ‘Automated Process Control of Pharmaceutical Lyophilization: PAT Enabled Freeze-Dryer’.
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Global Freeze-drying Equipment Market: Restraints
High setup and processing cost is expected to hinder growth of the market. The freeze-drying process includes various steps such as freezing, exposure to vacuum chamber, drying, and others. This not only increases the cycle time of the process but also the processing cost. The process utilizes a variety of freezing processes that are not required in conventional drying processes such as in desiccant drying. The vacuum assembly consumes more energy as compared to conventional processes, which in turn contributes to processing costs.
The global freeze-drying equipment market was valued at US$ 30,979.7 Mn in 2019 and is forecast to reach a value of US$ 68,817.1 Mn by 2027 at a CAGR of 10.5% between 2020 and 2027. Increasing adoption of freeze-dryers is expected to propel growth of the global freeze-drying equipment market over the forecast period
Industrial Freeze-Dryers segment held dominant position in the global freeze-drying equipment market in 2019, accounting for 35.5% share in terms of value, followed by Laboratory Freeze-Drying Equipment and Benchtop Freeze-Dryers, respectively. Rapidly increasing pharmaceutical sector in developing economies such as India is expected to increase demand for freeze drying equipment,
Major players in the market are focused on adopting approaches to monitor the global batch temperature during primary drying in GMP industrial freeze-dryers. For instance, in November 2019, Telstar incorporated Lyometrics, a soft-sensor temperature monitoring system in GMP industrial freeze-dryers with automatic loading/unloading systems.
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Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in October 2019, SP Industries, Inc. acquired Irta Dosificacio I Technologia S.L. i-Dositecno, a provider of complete sterile filling lines for pharmaceutical, cosmetic, and ophthalmic applications.
Global Freeze-drying Equipment Market: Competitive Landscape
Major players operating in the global freeze-drying equipment market include, 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 OPERON.
Global Freeze-drying Equipment Market: Key Developments
June 2019: Millrock Technology Inc. partnered with Purdue University on a National Science Foundation funded project to develop real-time sensor technologies, computational modeling, and bioanalytical tools for closed-loop lyophilization
April 2019: Telstar launched a new single-vessel GMP production freeze-dryer optimized to maintain conventional work space
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