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Introduction
Freeze drying is a procedure in which a product is iced up initially and water is exalted from the frozen produce. Freeze drying, also called as lyophilisation, help in the thirst of the produce, and also permit the storage of product for protracted duration. Freeze drying assistances in conserving the decay of fragile food matters and is also used in the food processing industry to a huge extent. It has applications in the chemical, pharmaceutical, and biotechnology industries for storage and transportation purposes.
Market Dynamics
Increasing number of biotech and pharmaceutical producers are escalating their prevailing lyophilization volume which is expected to drive the market growth. However, unavailability of expert personnel with the proficiency to operate, expensive deployment and maintenance costs of lyophilization systems, and increasing utilization of alternative drying techniques in the therapeutic and biotechnology industry, may detain the market growth. Yet to enhance the life expectancy of the high value products such as antibodies, vaccines, enzymes, hormones, proteins, bacteria-derived and blood plasma, compounds freeze drying equipment are widely adopted in healthcare sectors. In addition, a cumulative adoption of technological advancements in lyophilization solutions to avoid adulteration risks for the high value pharmaceutical and biotech products are expected to escalate the market over the coming years.
Market Classification
The market can be bifurcated on the basis of product, application and geography. By product, freeze drying equipment market can be segmented into food grade, pharmaceutical grade and industrial grade. By application, freeze drying equipment market can be segmented into food fields, health care products, cosmetic industry, medical products and others. On the basis of geography, the freeze drying equipment market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Report Coverage
Market |
Freeze Drying Equipment Market |
Analysis Period |
2015 – 2026 |
Historic Data |
2015 – 2016 |
Base Year |
2017 |
Forecast Data |
2018 – 2026 |
Market Stratification |
Product, Application, Geography |
Regional Scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
Report Coverage |
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis |
Market Participants
Some of the major players involved in freeze drying equipment market include
Market Segmentation
Market By Product
Market By Application
Market By Geography