Global Freeze-drying/lyophilization equipment Market to reach USD 3.24 billion by 2027Global Freeze-drying/lyophilization equipment Market is valued approximately USD 1.77 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.00 % over the forecast period 2021-2027. The freeze-drying/lyophilization equipment is widely used for prevention of heart-sensitive biological material, pharmaceuticals, and food and others. The market is expected to experience significant growth over the forecasted period owing to its surgical usage in surgical procedures, leather prevention, and flower prevention. Freezing drying/lyophilization equipment is also finding increased usage in food processing due to growing preference to consumers towards custom-built food industry. The increasing demand for food preservation is driving growth for freeze-drying/lyophilization market. Lyophilization equipment is used for preservation of various food products, such as fruits and vegetable, meat, fish, herbs and food flavoring, ice cream, and coffee. Increase in FDI boost the market growth of freeze-dried foods. India's food sector attracted US$ 4.18 billion in foreign direct investments between April 2014 and March 2020. The use of freeze-dried foods is increasing for astronauts and military personnel, as conventional drying method have major disadvantage. For example, 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 product. However, increasing utilization of alternative drying techniques in the pharmaceutical and biotechnology increasing and this impedes the growth of the market over the forecast period of 2021-2027. Also, with the growing R&D and emergence of biosimilars will drive the market for the lyophilization of biologics and biopharmaceutical products is likely to increase the market growth during the forecast period.

The regional analysis of global Freeze-drying/lyophilization equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising number of investments in the region, growth in R&D expenditure, and geographic expansion of lyophilization market in the region. Whereas, Europe is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as the presence of leather-based tanneries in the region is supporting market growth which would create lucrative growth prospects for the Freeze-drying/lyophilization equipment market across Asia-Pacific region.

Major market player included in this report are:
Azbil Corporation
Shanghai Tofflon Science Technology Co., Ltd.
Industria Macchine Automatiche S.p.A.
SP Industries, Inc.
HOF Enterprise Group
Labconco Corporation
Martin Christ Gefriertrocknungsanlagen GmbH
Millrock Technology, Inc.
OPTIMA Packaging Group GmbH
Scala Scientific B.V.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By 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
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Freeze-drying/lyophilization equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors