Freeze Drying Equipment Market Size, Share & Trend Analysis Report By Product Type, By Application Type, By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The global freeze drying equipment market size was valued at USD 1.58 billion in 2018. It is poised to witness a 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 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.

Product Insights

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.

Application Insights

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.

Regional Insights

The North America market was valued at USD 548.0 million in 2018. It is estimated 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 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.

Freeze Drying Equipment Market Share Insights

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.

Report Scope

Segments Covered in the Report

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

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa