Freeze-Drying/ Lyophilization Market

IMA S.p.A , GEA Group and Shanghai Tofflon Science and Technology Co. Ltd are leading player s in Freeze-Drying/Lyophilization Equipment Market

The global freeze-drying/lyophilization equipment 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

The prominent players operating in the freeze-drying/lyophilization equipment market include 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).

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IMA S.p.A

IMA S.p.A. (Italy) was the leading player in the global lyophilization equipment market. IMA is a global leader in the freeze-drying sector and has maintained its leading position in the market through a strong distribution network across North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company offers an exhaustive product portfolio, which includes laboratory-scale, pilot-scale, and production-scale freeze dryers, as well as loading and unloading systems and other accessories.

GEA Group

GEA Group accounted for the second-largest share in the global lyophilization equipment market in 2019. The company has a comprehensive range of products, including pharmaceutical freeze dryers, laboratory- and pilot-scale freeze dryers, and loading and unloading systems. The company spends a considerable amount of its revenue on R&D activities.

Shanghai Tofflon Science and Technology Co. Ltd.

Shanghai Tofflon Science and Technology Co., Ltd. (China) held the third position in the global lyophilization equipment market in 2019. Tofflon has a diversified product portfolio, which includes a wide range of freeze-drying systems and accessories, such as cGMP freeze dryers, production freeze dryers, LN2 refrigeration freeze dryers, automatic loading systems, and sterile API auto-loading systems. Tofflon’s leading position in this market can be attributed to its strong manufacturing and distribution footprint across the globe, which enables it to serve customers in the Americas, Africa, Europe, the Middle East, and the Asia Pacific. The company is amongst the world’s largest and fastest-growing freeze-drying systems brand, with over 8,000 equipment and system installations in more than 2,000 pharmaceutical companies in the world.

Related Reports:

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

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Report Code
PH 2704
RI Published ON
10/6/2020
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