Freeze-Drying/ Lyophilization Market

Freeze-Drying/ Lyophilization Market by Type (Tray, Shell, Manifold), Scale of operation (Industrial, Lab, Pilot), Application (Food, Pharma & Biotech), Accessories (Loading & Unloading, Monitoring, Vacuum Systems, Drying Chambers) - Global Forecast to 2025

Report Code: PH 2704 Oct, 2020, by marketsandmarkets.com

[171 Pages Report] The global freeze-drying market is projected to reach USD 7.3 billion by 2025 from USD 4.9 billion in 2020, at a CAGR of 8.2% from 2020 to 2025. The increasing demand for food preservation, rapid growth in contract manufacturing and lyophilization services across the world, rising demand for lyophilized products (especially for the manufacturing of new biologic drugs and injectable formulations), and the technological advancements in lyophilization methods are the major factors driving the growth of this market. On the other hand, the increasing utilization of alternative drying techniques in the pharmaceutical and biotechnology industries and failure to meet the cGMP regulatory guidelines set by regulatory bodies (resulting in recalls of lyophilized products) are expected to restrain the growth of this market during the forecast period.

In this report, the lyophilization equipment market, by the type of lyophilization equipment, scale of operation, application, accessories, and region

Freeze-Drying / Lyophilization Equipment Market

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COVID-19 Impact on the Freeze-Drying Equipment Market

The COVID-19 pandemic has significantly affected the life sciences instruments market. The analytical instrumentation sector is facing challenges in its manufacturing and supply chain, such as delivering products to end users in a timely manner as well as attending to an uneven demand for products and services. The lyophilization equipment market, in the initial phase of COVID-19, was facing instability in terms of growth. This can be attributed to factors such as a decline in the product demand from major end users, limited operations in most of the industries, inadequate funding to research and academic institutes, temporary closure of major academic institutes, and disrupted supply chain and challenges in terms of providing essential/post-sales services due to the stringent lockdown policies.

Some of the major end users of lyophilization equipment, such as the pharmaceutical and food industries, have been moderately impacted by the COVID-19 pandemic. The pharmaceutical industry has been facing challenges like the unavailability of staff (leading to manufacturing units/warehouses not working at full utilization) and non-availability or disrupted supply of raw materials and packing materials. The companies that have operations across the globe are facing issues with regard to their operations and staff in several locations, as every country has devised its own policies and guidelines. Supply disruptions have eased out in several countries, but still, there are difficulties regarding the availability and movement of labor. While most pharmaceutical companies have resumed their operations, they have been running at reduced capacities. Considering these challenges, leaders in the pharmaceutical industry have increased their focus on network risk management, agile and transparent operations, and shaping the workforce of the future in the post-COVID-19 path to recovery.

Freeze-Drying Equipment Market Dynamics

Drivers: Increasing demand for food preservation

Lyophilization equipment is used for the preservation of various food products, such as fruits and vegetables, meat, fish, herbs and food flavorings, ice creams, and coffee. Freeze-dried foods do not need to be refrigerated or preserved with chemicals and can be reconstituted quickly and easily by adding water. Another major advantage of freeze-drying of food is its ability to produce clean, whole, and nutritious food ingredients with a highly prolonged shelf life (making food products versatile and accessible).

The use of freeze-dried foods is increasing for astronauts and military personnel, as conventional drying methods have major disadvantages. For instance, the high temperatures used can cause chemical or physical changes in food products, and their overall quality is not on par with freeze-dried food products. Considering these advantages, the use of freeze-drying as a food preservation technique is increasing across the globe.

Restrains: Increasing utilization of alternative drying techniques in the pharmaceutical and biotechnology industries

Lyophilization is an expensive process that involves high operational costs, high energy consumption, high capital investment, and lengthy processing time. Owing to the capital-intensive nature of lyophilization systems, food, pharmaceutical, and biotechnology companies are focusing on alternative drying technologies to reduce the overall cost of products, without compromising on their quality.

Spray drying has been identified as the primary alternative to freeze-drying. It is a one-step process to dry substances with better scalability at lower costs with regards to the equipment, facility, and utilities. Moreover, the drying cycle time for spray drying is significantly lower as compared to lyophilization, which reduces the operational costs for manufacturers. Precipitation, vacuum-microwave dehydration, vacuum foam drying, use of glycerol, and atmospheric freeze-drying are some of the other alternatives for lyophilization. The emergence of such low-cost alternative methods is negatively impacting the market growth. However, lyophilization is the only method to deliver stable, biologically active products with a long shelf life.

Opportunities: Loss of patent protection of several biologics

The biologics market is one of the major contributors to the growth of the freeze-drying market in the healthcare industry. Biosimilars are expected to drive the growth of the biotechnology industry in the next decade. This is because several key biologics are expected to lose their patent in the coming years.

An increasing number of biosimilars are being developed in the market as a cost-effective alternative for biopharmaceutical medications for chronic disorders. The growing R&D and emergence of biosimilars will drive the market for the lyophilization of biologics and biopharmaceutical products. In recent years, over 30% of US FDA-approved parenterals were lyophilized drugs. Soon, more than half of all injectable drugs will require lyophilization, which will further create the demand for lyophilization solutions in the pharmaceutical industry.

Challenges: Difficulties in achieving the desired moisture levels and maintaining product quality

In the lyophilization process, often, the desired level of moisture removal is not achieved; products are contaminated due to the presence of excess amounts of moisture and can result in some potential threats to patients who are administered with these products. Also, the removal of excess moisture can result in product instability, causing loss of integral structure and biological activity. Thus, the accuracy in achieving the desired moisture level is very crucial to avoid contamination of food and pharmaceutical products. Difficulties in achieving these desired moisture levels are a significant challenge for manufacturers.

The tray-style freeze dryers segment accounted for the largest market share in 2019.

Based on type, the lyophilization equipment market is classified into tray-style freeze dryers, manifold freeze dryers, and shell (rotary) freeze dryers. In 2019, the tray-style freeze dryers segment accounted for the largest share of 72.1%. This segment is also estimated to grow at the highest CAGR of 8.2% during the forecast period. Growth in this market is largely driven by factors such as the increasing demand for contract manufacturing and contract lyophilization services in the pharmaceutical industry, the growing commercialization of labile drugs, and the rising demand for freeze-dried food products. Tray-style freeze dryers are also larger than manifold and rotary freeze dryers, enabling them to dry products in bulk.

The industrial-scale lyophilization equipment segment accounted for the largest market share in 2019.

Based on scale of operation, the freeze-drying market is segmented into industrial-scale lyophilization equipment, pilot-scale lyophilization equipment, and laboratory-scale lyophilization equipment. In 2019, the industrial-scale lyophilization equipment segment accounted for the largest share of 68.2% of the market. The large share of this market segment can be attributed to the high standard of quality provided by industrial-scale lyophilization equipment. Industrial-scale lyophilization equipment can also be customized as per process requirements.

The food processing and packaging segment accounted for the largest market share in 2019.

Based on application, the freeze-drying equipment market is segmented into food processing and packaging, pharmaceutical and biotechnology manufacturing, medical applications, and other applications. The food processing and packaging segment accounted for the largest share of 36.3% in 2019. Lyophilization is widely used as a preservation technique for food products, as it retains the nutritional value and flavor of the food. This is a major factor driving market growth. Food ingredients are also freeze-dried to increase their shelf life, which is further propelling the use of this technology in food processing.

The loading & unloading segment accounted for the largest market share in 2019

Based on accessories, the lyophilization equipment market is segmented into vacuum systems, loading & unloading systems, clean-in-place (CIP) systems, drying chambers, controlling & monitoring systems, freeze-drying trays & shelves, manifolds, and other accessories. In 2019, loading & unloading systems held the largest share of 26.6%; this segment is also expected to grow at the highest CAGR of 10.0% during the forecast period. The high growth of this segment can be attributed to technological advancements in lyophilization equipment, reduced cycle times, and improved productivity and fulfillment of aseptic conditions to meet cGMP regulations.

Asia –Pacific was the largest regional market for freeze drying / lyophilization equipment market in 2019

The lyophilization equipment market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2019, the Asia Pacific accounted for the largest share of 34.6% of the market and is projected to register the highest CAGR of 10.4% during the forecast period. The large share of the Asia Pacific regional segment can be attributed to the rising number of investments in this region, growth in R&D expenditure, and geographic expansion of lyophilization equipment companies in this region. Moreover, the presence of major players in the lyophilization market in the APAC region and the expansion of the manufacturing units of leading pharma companies in this region is expected to boost the market growth in this region in the forecast period.

Freeze-Drying / Lyophilization Equipment Market  by Region

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Key Market Players

Some of the prominent players in this market are GEA Group (Germany), Azbil Corporation (Japan), Shanghai Tofflon Science Technology Co., Ltd. (China), IMA S.p.A. (Italy), SP Industries, Inc. (US), HOF Enterprise Group (Germany), Labconco Corporation (US), Martin Christ Gefriertrocknungsanlagen GmbH (Germany), Millrock Technology, Inc. (US), and OPTIMA Packaging Group GmbH (Germany).

Report Metric

Details

Market size available for years

2018-2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

By Type of lyophilization equipment, Scale of Operation, Application, Accessories, and Region

Geographies covered

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies covered

The major market players include GEA Group (Germany), Azbil Corporation (Japan), Shanghai Tofflon Science Technology Co., Ltd. (China), Industria Macchine Automatiche S.p.A. (Italy), SP Industries, Inc. (US), HOF Enterprise Group (Germany), Labconco Corporation (US), Martin Christ Gefriertrocknungsanlagen GmbH (Germany), Millrock Technology, Inc. (US), OPTIMA Packaging Group GmbH (Germany), BÜCHI Labortechnik AG (Switzerland), Scala Scientific B.V. (Netherlands), Zirbus Technology GmbH (Germany), Biopharma Process Systems Ltd. (UK), MechaTech Systems Ltd. (UK), Cuddon Freeze Dry (New Zealand), Freezedry Specialties, Inc. (US), Cryotec Fr (France),Freeze Drying Systems Pvt. Ltd. (India), and Lyophilization Systems Ltd. (US).

The study categorizes the freeze-drying equipment market based on By Type of lyophilization equipment, Scale of Operation, Application, Accessories at the regional and global level.

By Type of Lyophilization Equipment

  • Tray-style freeze dryers
  • Manifold freeze dryers
  • Shell (Rotary) freeze dryers

By Scale of Operation

  • Industrial-scale lyophilization equipment
  • Pilot-scale lyophilization equipment
  • Laboratory-scale lyophilization equipment

By Application

  • Food Processing and Packaging
  • Pharmaceutical and Biotechnology Manufacturing
  • Medical applications
  • Others

By Accessories

  • Loading & Unloading Systems
  • Controlling & Monitoring Systems
  • Vacuum Systems
  • Clean-In-Place (CIP) Systems
  • Drying Chambers
  • Freeze Drying Trays & Shelves
  • Manifolds
  • Other accessories

Recent Developments

  • In 2020, Azbil Corporation (Japan) announced the launch of Bench-top laboratory freeze dryer—Lyoquest Arctic.
  • In 2020, Martin Christ Gefriertrocknungsanlagen GmbH (Germany) entered into a collaboration with Elementar Americas (US). In this collaboration, Martin Christ will be the sales, service, and support partner of Elementar Americas and provide its product portfolio throughout the US.
  • In 2019, Millrock Technology, Inc. (US) entered into a partnership with Purdue University (US) in this partnership Purdue’s School of Aeronautics and Astronautics received a National Science Foundation grant of USD 750,000 to develop real-time sensor technologies, computational modeling, and bioanalytical tools for closed-loop lyophilization. Millrock provided the freeze-drying technology that researchers are using for the NSF project at LyoHub in Purdue’s Discovery Park.
  • In 2019 , SP Industries (US) announced the launch of freeze drueres series named LyoConstellation.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 18)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
           1.2.2 MARKETS COVERED
           1.2.3 YEARS CONSIDERED FOR THE STUDY
    1.3 CURRENCY
    1.4 LIMITATIONS
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
    2.2 MARKET SIZE ESTIMATION
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
    2.4 MARKET SHARE ANALYSIS
    2.5 ASSUMPTIONS FOR THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 33)

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 FREEZE-DRYING EQUIPMENT OVERVIEW
    4.2 ASIA PACIFIC: FREEZE-DRYING MARKET, BY APPLICATION AND COUNTRY (2019)
    4.3 FREEZE-DRYING EQUIPMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
    4.4 REGIONAL MIX: FREEZE-DRYING/LYOPHILIZATION  EQUIPMENT MARKET (2020−2025)
    4.5 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET: DEVELOPING VS. DEVELOPED MARKETS

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for food preservation
                    5.2.1.2 Rising demand for lyophilized products in the pharmaceutical and biotechnology industries
                    5.2.1.3 Rapid growth in contract manufacturing and lyophilization services across the world
                    5.2.1.4 Technological advancements in lyophilization methods
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing utilization of alternative drying techniques in the pharmaceutical and biotechnology industries
                    5.2.2.2 Failure to meet cGMP guidelines resulting in product recalls
                    5.2.2.3 High setup and maintenance costs and longer processing time
                    5.2.2.4 Growing preference of pharmaceutical companies for  refurbished lyophilizers
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emerging markets
                    5.2.3.2 Loss of patent protection of several biologics
           5.2.4 CHALLENGES
                    5.2.4.1 Difficulties in achieving the desired moisture levels and maintaining product quality

6 INDUSTRY TRENDS (Page No. - 47)
    6.1 INTRODUCTION
    6.2 EVOLUTION OF LYOPHILIZATION EQUIPMENT
    6.3 IMPACT OF COVID-19 ON THE FREEZE DRYING/LYOPHILIZATION EQUIPMENT MARKET
    6.4 SUPPLY CHAIN ANALYSIS
    6.5 INDUSTRY TRENDS
    6.6 REGULATORY ANALYSIS
           6.6.1 NORTH AMERICA
           6.6.2 EUROPE
           6.6.3 ASIA PACIFIC
    6.7 ECOSYSTEM MARKET MAP

7 LYOPHILIZATION EQUIPMENT MARKET, BY TYPE (Page No. - 56)
    7.1 INTRODUCTION
    7.2 TRAY-STYLE FREEZE DRYERS
           7.2.1 TRAY-STYLE FREEZE DRYERS TO DOMINATE THE MARKET DURING  THE FORECAST PERIOD
    7.3 MANIFOLD FREEZE DRYERS
           7.3.1 EASY INSTALLATION AND OPERATION OF MANIFOLD FREEZE  DRYERS TO DRIVE THEIR DEMAND
    7.4 SHELL (ROTARY) FREEZE DRYERS
           7.4.1 SHELL (ROTARY) FREEZE DRYERS ARE WIDELY USED IN RESEARCH CENTERS, LABORATORIES, AND ACADEMIC INSTITUTIONS

8 LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION (Page No. - 62)
    8.1 INTRODUCTION
    8.2 INDUSTRIAL-SCALE LYOPHILIZATION EQUIPMENT
           8.2.1 GROWING INVESTMENTS IN LYOPHILIZATION SYSTEMS BY MAJOR INDUSTRIES TO DRIVE MARKET GROWTH
    8.3 PILOT-SCALE LYOPHILIZATION EQUIPMENT
           8.3.1 STRINGENT REGULATIONS FROM THE FDA AND OTHER REGULATORY AGENCIES FOR INDUSTRIAL-SCALE EQUIPMENT HAVE DRIVEN THE DEMAND FOR PILOT-SCALE LYOPHILIZATION
    8.4 LABORATORY-SCALE LYOPHILIZATION EQUIPMENT
           8.4.1 COST-EFFICIENCY, SIMPLER OPERATION, AND LOWER MAINTENANCE NEEDS TO DRIVE MARKET GROWTH

9 LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION (Page No. - 67)
    9.1 INTRODUCTION
    9.2 FOOD PROCESSING AND PACKAGING
           9.2.1 RISING NUMBER OF CONSUMERS SHOWING INTEREST IN FREEZE-DRIED FOOD PRODUCTS TO DRIVE MARKET GROWTH
    9.3 PHARMACEUTICAL AND BIOTECHNOLOGY MANUFACTURING
           9.3.1 GROWTH IN THE PHARMACEUTICAL AND BIOTECHNOLOGY INDUSTRIES TO DRIVE MARKET GROWTH
    9.4 MEDICAL APPLICATIONS
           9.4.1 URGENT NEED FOR LYOPHILIZED PRODUCTS IN MEDICINE FOR BETTER TREATMENTS TO DRIVE MARKET GROWTH
    9.5 OTHER APPLICATIONS

10 LYOPHILIZATION EQUIPMENT MARKET, BY ACCESSORIES (Page No. - 73)
     10.1 INTRODUCTION
     10.2 LOADING & UNLOADING SYSTEMS
             10.2.1 REDUCED CYCLE TIMES, IMPROVED PRODUCTIVITY, AND INCREASED ADHERENCE TO ASEPTIC CONDITIONS ARE FACTORS DRIVING THE UPTAKE OF AUTOMATED LOADING & UNLOADING SYSTEMS
     10.3 CONTROLLING & MONITORING SYSTEMS
             10.3.1 CONTROLLING & MONITORING SYSTEMS OFFER PRECISE AND STABLE CONTROL OVER THE ENTIRE LYOPHILIZATION PROCESS
     10.4 VACUUM SYSTEMS
             10.4.1 VACUUM SYSTEMS FORM A CRITICAL COMPONENT OF LYOPHILIZATION EQUIPMENT
     10.5 CLEAN-IN-PLACE SYSTEMS
             10.5.1 CIP SYSTEMS HELP MINIMIZE CONTAMINATION AND IMPROVE THE QUALITY OF PRODUCTS
     10.6 DRYING CHAMBERS
             10.6.1 FREQUENT USE OF DRYING CHAMBERS IN IMPROVING THE QUALITY OF FREEZE DRYERS AND ENSURING SMOOTH PROCESS FLOW TO SUPPORT MARKET GROWTH
     10.7 FREEZE-DRYING TRAYS & SHELVES
             10.7.1 TRAYS & SHELVES ARE WIDELY USED IN INDUSTRIAL FREEZE DRYERS
     10.8 MANIFOLDS
             10.8.1 INCREASE IN THE NUMBER OF RESEARCH ACTIVITIES IN THE BIOPHARMACEUTICAL INDUSTRY IS DRIVING THE USE OF  BENCH-TOP-STYLE FREEZE DRYERS
     10.9 OTHER ACCESSORIES

11 LYOPHILIZATION EQUIPMENT MARKET, BY REGION (Page No. - 83)
     11.1 INTRODUCTION
     11.2 ASIA PACIFIC
             11.2.1 CHINA
                       11.2.1.1 Increasing investments in the food, pharmaceutical, and biotechnology sectors to drive market growth
             11.2.2 JAPAN
                       11.2.2.1 Growing generics and biosimilars production to boost the  market in Japan
             11.2.3 INDIA
                       11.2.3.1 Growth in contract pharmaceutical manufacturing and contract lyophilization services to drive market growth
             11.2.4 REST OF ASIA PACIFIC
     11.3 NORTH AMERICA
             11.3.1 US
                       11.3.1.1 The US dominates the North American in freeze-drying/lyophilization equipment market
             11.3.2 CANADA
                       11.3.2.1 Growing food and agriculture sector in the country to support market growth
     11.4 EUROPE
             11.4.1 GERMANY
                       11.4.1.1 Widespread use of branded drugs and the growing generics market in Germany are the key factors driving market growth
             11.4.2 FRANCE
                       11.4.2.1 Liberalization of the generics market in France to drive  market growth
             11.4.3 UK
                       11.4.3.1 Growth in research funding by government and funding agencies to drive market growth in the UK
             11.4.4 ITALY
                       11.4.4.1 Low drug approval time in Italy, along with the growing number of clinical trials, to drive market growth
             11.4.5 SPAIN
                       11.4.5.1 Growth in the food, agriculture, and biotechnology industries to drive market growth
             11.4.6 REST OF EUROPE
     11.5 LATIN AMERICA
             11.5.1 BRAZIL
                       11.5.1.1 Growing biologics sector in the country to drive market growth
             11.5.2 MEXICO
                       11.5.2.1 Presence of a favorable business environment for market players to support market growth
             11.5.3 REST OF LATIN AMERICA
     11.6 MIDDLE EAST & AFRICA
             11.6.1 INCREASE IN DISCRETIONARY INCOMES HAVE DRIVEN THE DEMAND FOR HEALTH FOODS, PHARMACEUTICALS, AND BIOLOGICS IN THIS REGION

12 COMPETITIVE LANDSCAPE (Page No. - 127)
     12.1 OVERVIEW
     12.2 COMPETITIVE LEADERSHIP MAPPING
             12.2.1 STARS
             12.2.2 EMERGING LEADERS
             12.2.3 PERVASIVE COMPANIES
             12.2.4 EMERGING COMPANIES
     12.3 PRODUCT MATRIX, BY COMPANY
     12.4 R&D EXPENDITURE OF KEY PLAYERS IN THE FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET,  2018 VS. 2019 (USD MILLION)
     12.5 MARKET SHARE ANALYSIS
     12.6 COMPETITIVE SITUATIONS & TRENDS
             12.6.1 PRODUCT LAUNCHES
             12.6.2 PARTNERSHIPS & COLLABORATIONS

13 COMPANY PROFILES (Page No. - 134)
     13.1 INTRODUCTION
     13.2 I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
             13.2.1 BUSINESS OVERVIEW
             13.2.2 PRODUCTS & SERVICES OFFERED
             13.2.3 RECENT DEVELOPMENTS
             13.2.4 INORGANIC STRATEGIES
             13.2.5 MNM VIEW
     13.3 GEA GROUP
             13.3.1 BUSINESS OVERVIEW
             13.3.2 PRODUCTS & SERVICES OFFERED
             13.3.3 RECENT DEVELOPMENTS
             13.3.4 INORGANIC STRATEGIES
             13.3.5 MNM VIEW
     13.4 SHANGHAI TOFFLON SCIENCE AND TECHNOLOGY CO., LTD.
             13.4.1 BUSINESS OVERVIEW
             13.4.2 PRODUCTS & SERVICES OFFERED
             13.4.3 MNM VIEW
     13.5 AZBIL CORPORATION
             13.5.1 BUSINESS OVERVIEW
             13.5.2 PRODUCTS & SERVICES OFFERED
             13.5.3 RECENT DEVELOPMENTS
             13.5.4 MNM VIEW
     13.6 SP INDUSTRIES, INC.
             13.6.1 BUSINESS OVERVIEW
             13.6.2 PRODUCTS & SERVICES OFFERED
             13.6.3 RECENT DEVELOPMENTS
             13.6.4 MNM VIEW
     13.7 MILLROCK TECHNOLOGY, INC.
             13.7.1 BUSINESS OVERVIEW
             13.7.2 PRODUCTS & SERVICES OFFERED
             13.7.3 RECENT DEVELOPMENTS
             13.7.4 INORGANIC STRATEGIES
     13.8 HOF ENTERPRISE GROUP
             13.8.1 BUSINESS OVERVIEW
             13.8.2 PRODUCTS & SERVICES OFFERED
     13.9 LABCONCO CORPORATION
             13.9.1 BUSINESS OVERVIEW
             13.9.2 PRODUCTS & SERVICES OFFERED
             13.9.3 RECENT DEVELOPMENTS
     13.10 MARTIN CHRIST GEFRIERTROCKNUNGSANLAGEN GMBH
               13.10.1 BUSINESS OVERVIEW
               13.10.2 PRODUCTS & SERVICES OFFERED
               13.10.3 RECENT DEVELOPMENTS
               13.10.4 INORGANIC STRATEGIES
     13.11 OPTIMA PACKAGING GROUP GMBH
               13.11.1 BUSINESS OVERVIEW
               13.11.2 PRODUCTS OFFERED
     13.12 BÜCHI LABORTECHNIK AG
               13.12.1 BUSINESS OVERVIEW
               13.12.2 PRODUCTS OFFERED
               13.12.3 RECENT DEVELOPMENTS
     13.13 SCALA SCIENTIFIC B.V.
               13.13.1 BUSINESS OVERVIEW
               13.13.2 PRODUCTS & SERVICES OFFERED
     13.14 ZIRBUS TECHNOLOGY GMBH
               13.14.1 BUSINESS OVERVIEW
               13.14.2 PRODUCTS OFFERED
     13.15 CUDDON FREEZE DRY
               13.15.1 BUSINESS OVERVIEW
               13.15.2 PRODUCTS OFFERED
               13.15.3 RECENT DEVELOPMENTS
               13.15.4 INORGANIC STRATEGIES
     13.16 MECHATECH SYSTEMS LTD.
               13.16.1 BUSINESS OVERVIEW
               13.16.2 PRODUCTS & SERVICES OFFERED
     13.17 BIOPHARMA PROCESS SYSTEMS LTD.
               13.17.1 BUSINESS OVERVIEW
               13.17.2 PRODUCTS OFFERED
     13.18 FREEZE DRYING SYSTEMS PVT. LTD.
     13.19 FREEZEDRY SPECIALTIES, INC.
     13.20 CRYOTEC FR.
     13.21 LYOPHILIZATION SYSTEMS, INC.

14 APPENDIX (Page No. - 164)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS


LIST OF TABLES (134 Tables)

TABLE 1 EXCHANGE RATES UTILIZED FOR THE CONVERSION TO USD
TABLE 2 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMPACT ANALYSIS
TABLE 3 LIST OF OFF-PATENT DRUGS, 2015 TO 2029
TABLE 4 EVOLUTION OF LYOPHILIZATION
TABLE 5 LEADING DEVELOPMENTS IN THE DRUG DISCOVERY SPACE TARGETING SARS-COV-2
TABLE 6 AUTOMATION OF LYOPHILIZATION SYSTEMS & PAT-BASED SCALE-UP PROCESSES ARE LEADING TRENDS IN THE INDUSTRY
TABLE 7 US: KEY REGULATIONS & STANDARDS GOVERNING PHARMACEUTICAL-RELATED LYOPHILIZATION EQUIPMENT
TABLE 8 CANADA: KEY REGULATIONS & STANDARDS GOVERNING PHARMACEUTICAL-RELATED LYOPHILIZATION EQUIPMENT
TABLE 9 EUROPE: KEY REGULATIONS & STANDARDS GOVERNING PHARMACEUTICAL-RELATED LYOPHILIZATION EQUIPMENT
TABLE 10 ASIA PACIFIC: KEY REGULATIONS & STANDARDS GOVERNING PHARMACEUTICAL-RELATED LYOPHILIZATION EQUIPMENT FOR KEY COUNTRIES
TABLE 11 LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 12 TRAY-STYLE FREEZE DRYERS OFFERED BY KEY MARKET PLAYERS
TABLE 13 TRAY-STYLE FREEZE DRYERS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 14 MANIFOLD FREEZE DRYERS OFFERED BY KEY MARKET PLAYERS
TABLE 15 MANIFOLD FREEZE DRYERS MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 16 SHELL (ROTARY) FREEZE DRYERS OFFERED BY KEY MARKET PLAYERS
TABLE 17 SHELL (ROTARY) FREEZE DRYERS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 18 LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 19 INDUSTRIAL-SCALE LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 20 PILOT-SCALE LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 21 LABORATORY-SCALE LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 22 LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 23 LYOPHILIZATION EQUIPMENT MARKET FOR FOOD PROCESSING  AND PACKAGING, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 24 LYOPHILIZATION EQUIPMENT MARKET FOR PHARMACEUTICAL AND BIOTECHNOLOGY MANUFACTURING, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 25 LYOPHILIZATION EQUIPMENT MARKET FOR MEDICAL APPLICATIONS,  BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 26 LYOPHILIZATION EQUIPMENT MARKET FOR OTHER APPLICATIONS,  BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 27 LYOPHILIZATION ACCESSORIES MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 28 LOADING & UNLOADING SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 29 CONTROLLING & MONITORING SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 30 VACUUM SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 31 CLEAN-IN-PLACE SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 32 DRYING CHAMBERS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 33 FREEZE-DRYING TRAYS & SHELVES MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 34 MANIFOLDS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 35 OTHER LYOPHILIZATION ACCESSORIES MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 36 LYOPHILIZATION EQUIPMENT MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 37 ASIA PACIFIC: LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 38 ASIA PACIFIC: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 39 ASIA PACIFIC: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 40 ASIA PACIFIC: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 41 ASIA PACIFIC: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 42 CHINA: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 43 CHINA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 44 CHINA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 45 CHINA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 46 CHINA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 47 JAPAN: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 48 JAPAN: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 49 JAPAN: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 50 JAPAN: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 51 JAPAN: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 52 INDIA: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 53 INDIA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 54 INDIA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 55 INDIA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 56 INDIA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 57 ROAPAC: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 58 ROAPAC: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 59 ROAPAC: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 60 ROAPAC: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 61 NORTH AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 62 NORTH AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 63 NORTH AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION, 2018–2025 (USD MILLION)
TABLE 64 NORTH AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 65 NORTH AMERICA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 66 US: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 67 US: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 68 US: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 69 US: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 70 US: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 71 CANADA: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 72 CANADA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 73 CANADA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 74 CANADA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 75 CANADA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 76 EUROPE: LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY,  2018–2025 (USD MILLION)
TABLE 77 EUROPE: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 78 EUROPE: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 79 EUROPE: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 80 EUROPE: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 81 GERMANY: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION  EQUIPMENT MARKET
TABLE 82 GERMANY: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 83 GERMANY: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 84 GERMANY: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 85 GERMANY: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 86 FRANCE: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 87 FRANCE: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 88 FRANCE: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 89 FRANCE: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 90 FRANCE: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 91 UK: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 92 UK: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 93 UK: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 94 UK: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 95 UK: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 96 ITALY: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 97 ITALY: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 98 ITALY: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 99 ITALY: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 100 ITALY: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 101 SPAIN: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 102 SPAIN: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 103 SPAIN: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 104 SPAIN: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 105 SPAIN: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 106 ROE: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 107 ROE: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 108 ROE: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 109 ROE: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 110 LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 111 LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 112 LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 113 LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 114 LATIN AMERICA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 115 BRAZIL: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 116 BRAZIL: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 117 BRAZIL: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 118 BRAZIL: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 119 BRAZIL: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 120 MEXICO: MACROECONOMIC INDICATORS FOR THE LYOPHILIZATION EQUIPMENT MARKET
TABLE 121 MEXICO: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 122 MEXICO: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION,  2018–2025 (USD MILLION)
TABLE 123 MEXICO: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 124 MEXICO: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 125 REST OF LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 126 REST OF LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION, 2018–2025 (USD MILLION)
TABLE 127 REST OF LATIN AMERICA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2018–2025 (USD MILLION)
TABLE 128 REST OF LATIN AMERICA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 129 MIDDLE EAST AND AFRICA: LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 130 MIDDLE EAST AND AFRICA: LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION, 2018–2025 (USD MILLION)
TABLE 131 MIDDLE EAST AND AFRICA: LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 132 MIDDLE EAST AND AFRICA: LYOPHILIZATION ACCESSORIES MARKET, BY TYPE,  2018–2025 (USD MILLION)
TABLE 133 KEY PRODUCT LAUNCHES
TABLE 134 KEY PARTNERSHIPS & COLLABORATIONS
 
 
LIST OF FIGURES (27 Figures)
 
FIGURE 1 FREEZE DRYING/LYOPHILIZATION EQUIPMENT MARKET SEGMENTATION
FIGURE 2 RESEARCH DESIGN
FIGURE 3 PRIMARY SOURCES
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,  AND REGION
FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 MARKET DATA TRIANGULATION METHODOLOGY
FIGURE 8 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET, BY TYPE,  2020 VS. 2025 (USD MILLION)
FIGURE 9 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET, BY SCALE OF OPERATION, 2020 VS. 2025 (USD MILLION)
FIGURE 10 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION,  2020 VS. 2025 (USD MILLION)
FIGURE 11 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET, BY ACCESSORIES, 2020 VS. 2025 (USD MILLION)
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET
FIGURE 13 RISING DEMAND FOR LYOPHILIZED PRODUCTS IN THE PHARMACEUTICAL AND BIOTECHNOLOGY INDUSTRIES ARE DRIVING MARKET GROWTH
FIGURE 14 FOOD PROCESSING AND PACKAGING ACCOUNTED FOR THE LARGEST SHARE OF THE APAC FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET IN 2019
FIGURE 15 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING  THE FORECAST PERIOD
FIGURE 16 ASIA PACIFIC WILL CONTINUE TO DOMINATE THE FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET IN 2025
FIGURE 17 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH RATES DURING  THE FORECAST PERIOD
FIGURE 18 SUPPLY CHAIN OF THE LYOPHILIZATION EQUIPMENT MARKET
FIGURE 19 FREEZE DRYING/LYOPHILIZATION EQUIPMENT MARKET: ECOSYSTEM  MARKET MAP
FIGURE 20 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 21 MARKET EVALUATION FRAMEWORK: PRODUCT LAUNCHES—THE MOST WIDELY ADOPTED STRATEGY
FIGURE 22 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 23 FREEZE-DRYING/LYOPHILIZATION EQUIPMENT MARKET SHARE ANALYSIS, 2019
FIGURE 24 GEOGRAPHIC REVENUE MIX OF THE TOP 3 MARKET PLAYERS
FIGURE 25 I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.: COMPANY SNAPSHOT (2019)
FIGURE 26 GEA GROUP: COMPANY SNAPSHOT (2019)
FIGURE 27 AZBIL CORPORATION: COMPANY SNAPSHOT (2019)

This study involved four major activities for estimating the current size of the freeze –drying market. Exhaustive secondary research was conducted to collect information on the market as well as its peer and parent markets. The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Revenue Share Analysis, Parent Market and top-down approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg Business, and Factiva have been referred to identify and collect information for this study. These secondary sources include annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, and databases.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies operating in the patient registry software market. Primary sources from the demand side include experts from hospitals and government organizations and third party associates (tpa) and research centers. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on the key industry trends and key market dynamics, such as market drivers, restraints, challenges, and opportunities.

Freeze-Drying / Lyophilization Equipment Market  Size, and Share

Market Size Estimation

The total size of the freeze –drying equipment market was arrived at after data triangulation from two different approaches, as mentioned below.

Approach to calculate the revenue of different players in the freeze –drying / lyophilization equipment market

The size of the lyophilization equipment market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. These percentage splits were validated by primary participants. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions. By adding up the market sizes for all the regions, the global freeze –drying / lyophilization equipment market was derived.

Approach to derive the market size and estimate market growth

The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study

  • To define, describe, and forecast the freeze-drying equipment market based on the type of lyophilization equipment, scale of operation, application, accessories, and region
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, along with major countries in these regions
  • To profile the key players and comprehensively analyze their market shares and core competencies2 in the freeze-drying equipment market
  • To track and analyze competitive developments such as partnerships, agreements, collaborations, acquisitions, product developments, geographic expansions, and R&D activities in the freeze-drying/lyophilization equipment market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of top companies

Geographic Analysis

  • Further breakdown of the RoAPAC market into South Korea, New Zealand, Australia, Singapore, and other countries
  • Further breakdown of the RoE market into Russia, the Netherlands, Switzerland, and other countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Freeze-Drying/ Lyophilization Market

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Published ON
Oct, 2020
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