04-Jul-2019

Freeze-Drying Equipment Market Growing at a Thriving CAGR of 8.9% - During Global Forecast Till 2024

Global Freeze-Drying Equipment Market value of USD 2.2 billion in 2018 and is projected to grow at a CAGR of 8.9% over the forecast period.

The Global Freeze-Drying Equipment Market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2018 to 2024. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2018 to 2024.

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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the Global Freeze-Drying Equipment Market.

The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.

The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East amp; Africa (GCC, South Africa, and Rest of Middle East amp; Africa).

Key Takeaways:

What is the market size in 2018 and the growth rate of the Global Freeze-Drying Equipment Market?

What is the market drivers, restrains, opportunities governing the Global Freeze-Drying Equipment Market?

Which are the largest and the fastest growing segments in the Global Freeze-Drying Equipment Market?

Who are the key players operating in the market and their market position?

What is the pipeline scenario, drug pricing analysis and technological development in the market?

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Global Freeze-Drying Equipment Research Report: by Type (Bench Top, Laboratory, Mobile, Others), by Application (Biotechnology, Pharmaceuticals, Surgical Procedures, Others), by End User (Pharmaceutical Companies, Hospitals, Others)mdash;Forecast Till 2024

Market Scenario

The global freeze drying equipment market is expected to grow significantly over the forecast period. The market held a market value of USD 2.2 billion in 2018 and is projected to grow at a CAGR of 8.9% over the forecast period.

Increasing awareness regarding various benefits of the freeze dried product, such as enhanced efficiency related to desiccant drying and air-drying are responsible for the growth of the market during the forecast period. Moreover, the rising usage of freeze drying equipment in surgical procedures is positively affecting market growth.

On the other hand, high set up amp; maintenance cost and increasing demand for refurbished systems from various biotechnology amp; pharmaceutical companies are likely to hamper the growth of the market.

Segmentation

The global freeze drying equipment market has been segmented into type, application, and end user.

By type, the market has been segmented into benchtop freeze dryers, laboratory freeze dryers, mobile freeze dryers, general purpose freeze dryers, industrial freeze dryers, and others.

Based on application, the market has been segmented into biotechnology, pharmaceuticals, surgical procedures, and others.

The market, by end user, has been segmented into pharmaceutical companies, biotechnology companies, hospitals, and others.

The global freeze drying equipment market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East amp; Africa. The freeze drying equipment market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European freeze drying equipment market has been segmented into Western Europe and Eastern Europe. Western Europe freeze drying equipment market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The freeze drying equipment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The freeze drying equipment market in the Middle East amp; Africa has been segmented into the Middle East and Africa.

Key players

Tofflon, GEA Group Aktiengesellschaft, Labconco, Azbil Corporation, Biopharma Process Systems Ltd, Cuddon Freeze Dry, Hosokawa Micron Group, Freeze Drying Systems Pvt. Ltd, Thermo Fisher Scientific Inc., Millrock Technology, Inc., ZIRBUS technology GmbH, SP Scientific, LTE Scientific Ltd, Hitachi, Ltd, MechaTech Systems Ltd are some of the prominent players in the global freeze drying equipment market.

Regional Market

Geographically, the Americas is anticipated to dominate the global freeze drying equipment market owing to the innovative product development and increasing investment in research and development for innovation in the region.

Europe is expected to hold the second largest position in the global freeze drying equipment market. The market growth in this region is attributed to the presence of strong academic amp; research base and availability of funding for research in the European countries. For instance, the European Research Council (ERC) provides grants for technological and scientific research conducted within the European Union (EU).

The freeze drying equipment market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing region owing to the shift of pharmaceutical companies to countries such as India and China, which are low-cost manufacturing regions.

The Middle East amp; Africa has the lowest share of the global freeze drying equipment market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the growing government initiatives for the healthcare sector.

Global Freeze Drying Equipment Market, by Type

Bench Top Freeze Dryers
Laboratory Freeze Dryers
Mobile Freeze Dryers
General Purpose Freeze Dryers
Industrial Freeze Dryers
Others

Global Freeze Drying Equipment Market, by Application

Biotechnology
Pharmaceuticals
Surgical Procedures
Others

Global Freeze Drying Equipment Market, by End User

Pharmaceutical Companies
Biotechnology Companies
Hospitals
Others

Global Freeze Drying Equipment Market, by Region

Americas
North America
US
Canada
Latin America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
The Middle East amp; Africa
Middle East
Africa

Global Freeze Drying Equipment Market, by Key Players

Tofflon
GEA Group Aktiengesellschaft
Labconco
Azbil Corporation
Biopharma Process Systems Ltd
Cuddon Freeze Dry
Hosokawa Micron Group
Freeze Drying Systems Pvt. Ltd
Thermo Fisher Scientific Inc.
Millrock Technology, Inc.
ZIRBUS technology GmbH
SP Scientific
LTE Scientific Ltd
Hitachi, Ltd
MechaTech Systems Ltd
Others

Intended Audience

Freeze Drying Equipment Manufacturers
Freeze Drying Equipment Distributors
Contract Research Organizations
Academic and Research Institutes
Government Associations

Table Of Contents

Global Freeze Drying Equipment Market Research Reportmdash;Forecast till 2024

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

Chapter 5. Market Factor Analysis

5.1 Porterrsquo;s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

Chapter 6. Global Freeze-Drying Equipment Market, By Type

6.1 Introduction

6.2 Bench Top Freeze Dryers

Market Estimates amp; Forecast, By Region, 2019ndash;2024