The global freeze drying equipment market size was valued at USD 1.58 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2019 to 2025. The equipment is widely used for prevention of heat-sensitive biological materials, pharmaceuticals, and food, among others. Rapid expansion of the food processing and pharmaceutical industries has bolstered the growth of the market. Rising awareness regarding various benefits of the product, such as enhanced efficiency pertaining to desiccant drying and air-drying, is likely to drive the market.
The market is also expected to experience significant growth over the forecast period owing to its surging usage in surgical procedures, leather preservation, and flower preservation. Additionally, freezing drying equipment is also finding increased usage in food processing due to growing preference of consumers towards custom-built food industry. Furthermore, growing urbanization and surging consumption of preserved food are fueling the demand for freeze-drying equipment.
Nowadays, freeze-drying is the standard procedure used in the biotechnology and pharmaceutical industries to stabilize and store drug products. Furthermore, freeze dryers in the pharmaceutical industries are used to lower the temperature of products. They involve the process of applying a high-pressure vacuum for extracting water in the form of vapor.
Moreover, in this process delicate biologicals and heat-sensitive drugs are dried at low temperatures, owing to which the physical structure of drugs is maintained. These processed products are used in antibodies and emergency vaccines.
The product is also estimated to proliferate in the military & defense sector. There is an increasing usage of freeze dried plasma in the battlefield. Previously, in emergency situations, military medical officers used traditional blood products for treatment of injured. This process required refrigerators and other additional equipment, which made it time consuming. However, plasma is frozen and can be readily used to treat injured before evacuation.
Industrial freeze dryers dominated the market in 2018. They are anticipated to retain their position through 2025 and account for approximately 36.0% of the overall revenue. The equipment is extensively used in the food processing market. Additionally, it is widely used in large industries due to its high-performance efficiency. However, the mobile dryers segment is projected to be the fastest-growing segment during the forecast period owing to their portability, ease of use, and multi-functionality benefits.
The biotechnology segment is poised to exhibit the highest CAGR during the forecast period. On the other hand, the food processing segment held the leading share of over 32.0% in the global freeze drying equipment market in 2018. The process reduces pressure and maintains moisture of products through sublimation and thus, is highly preferable for food processing.
However, pharmaceuticals are likely to take over the dominant position over the coming years owing to extensive usage of freeze drying equipment to preserve biologicals such as proteins, enzymes, viruses & bacteria, and penicillin. Furthermore, the market is expected to expand over the forecast period owing to the usage of freeze-dried platelet-rich plasma (PRP) in surgical procedures as it maintains efficacy and bioactivity of PRP for longer duration of time.
The North America market was valued at USD 548.0 million in 2018. It is estimated to retain its position through 2025. However, Asia Pacific is anticipated to be the most promising regional market during the forecast period. The region is projected to command over one fourth of the overall revenue by 2025. The growth of the region can be attributed to the increasing establishment of pharmaceutical companies in India and China.
Europe is also poised to represent a sizeable share in the market throughout the same period. Additionally, the regional market is likely to witness significant growth over the forecast period owing to presence of leather tanneries, as these products are also used highly in leather tanning process.
The global market can be described as a highly consolidated and competitive market dominated by major players such as GEA Group; Tofflon Science and Technology Co., Ltd; Azbil Corporation, and Labconco Corporation. The key players in the market are focusing on collaborating with other players. Moreover, they are making high investments in R&D for developing innovative solutions and gaining competitive advantage.
Various companies are undertaking mergers & acquisitions and introducing advanced technologies to gain a competitive edge. For instance, according to Food & Drug Administration (FDA) requirements, entire data pertaining to freeze drying process is to be recorded. Thus, ABB introduced a series of ScreenMaster, it is video graphic recorder that is featured with Ethernet communications that enables a user to access its recorded data from any web browser. Furthermore, this data can be retrieved automatically and can be used for future analysis by medical officials. Some of the prominent players in the freeze drying equipment market include:
Report Attribute |
Details |
Market size value in 2020 |
USD 1,785.8 million |
Revenue forecast in 2025 |
USD 2,769.0 million |
Growth Rate |
CAGR of 8.7% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2014 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; Mexico |
Key companies profiled |
GEA Group; Tofflon Science and Technology Co., Ltd; Azbil Corporation; Labconco Corporation |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Grand View Research has segmented the global freeze drying equipment market report based on product, application, containment, structure, and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
Bench Top Freeze Dryers
Laboratory Freeze Dryers
Mobile Freeze Dryers
General Purpose Freeze Dryers
Industrial Freeze Dryers
Others
Application Outlook (Revenue, USD Million, 2014 - 2025)
Biotechnology
Pharmaceuticals
Food Processing
Surgical Procedures
Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
b. The freeze drying equipment market size was estimated at USD 1,674.4 million in 2019 and is expected to reach USD 1,785.8 million in 2020.
b. The freeze drying equipment market is expected to grow at a compound annual growth rate of 8.7% from 2019 to 2025 to reach USD 2,769.0 million by 2025.
b. Industrial freeze dryers dominated the freeze drying equipment market with a share of 35.4% in 2019. This is attributable to their extensive use in food industry on the back of high performance efficiency offered.
b. Some key players operating in the freeze drying equipment market include Azbil Corporation, Cuddon Freeze Dry, GEA Group Aktiengesellschaft, Harvest Right, HOF Sonderanlagenbau GmbH, and Hitachi, Ltd.
b. Key factors that are driving the market growth include rapid expansion of the food processing and pharmaceutical industries and rising awareness regarding the benefits offered with respect to desiccant drying and air-drying.
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Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.
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