& Industrial), Technology (Rotary, Manifold, & Tray - style) & by Accessories (Loading/Unloading System, Vacuum System, Clean-in-Place System, Control System) - Global Forecast to 2019”
The global freeze drying market was valued at $1,969.7 million in 2014 and is expected to reach at $2,655.9 million by 2019, at a CAGR of 6.2% during the forecast period of 2014 to 2019.
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Freeze drying is an efficient method for drying various unstable, heat sensitive, aqueous products in various industries. In the healthcare industry, lyophilization is mostly used in pharmaceutical and biotech manufacturing.
The freeze drying market encompasses various equipment and accessories needed for carrying out lyophilization of different substances in the pharmaceutical and biotech industries. The global market is divided on the basis of different types of equipment and accessories. The equipment market is further segmented on the basis of scale of operations and technology. Based on the scale of operations the freeze drying market is segmented as lab-scale, pilot-scale, and industrial-scale freeze dryers; whereas, based on the technology, the freeze drying market is segmented as manifold freeze dryers, rotary freeze dryers, and tray-style freeze dryers. For the purpose of this report, the lyophilization accessories market is segmented as vacuum systems, loading and unloading systems, control and monitor facilities, clean-in-place (CIP) systems, freeze drying chambers, lyophilization trays/shelves, manifolds, and other lyophilization accessories such as valves, filters, adapters, glassware, and stainless steel ware.
Table of Content
Global Freeze Drying Market, By Scale of Operations
Global Freeze Drying Market, By Technology
Global Freeze Drying Accessories Market, By Type
Global Freeze Drying Market, By Geography
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Over the past few years, the freeze drying market for pharmaceutical and biotech industries has shown a positive growth rate. By 2019, the market is expected to grow at a CAGR of around 6% to 8% during the forecast period from 2014 to 2019. Rising demand for freeze dryers in the pharmaceutical and biotechnology industry is backed by the increasing number of vaccines, biosimilars, and injectable formulations being developed in the market. a growth in contract manufacturing and contract lyophilization activities in the pharmaceutical industry is also expected to propel the growth of the freeze drying market during the forecast period of 2014 to 2019. Technological advancements such as PLC and PAT based control systems, automated loading and unloading systems are also expected to contribute to the growth of the lyophilization equipment and accessories market in the pharmaceutical and biotechnology industry.
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