According to the new market research report “Freeze-Drying Equipment 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″ published by MarketsandMarkets™.Revenue Growth Opportunities and Growth Drivers?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 2025Growth Boosting Factors:Increasing demand for food preservationRising demand for lyophilized products in the pharmaceutical and biotechnology industriesRapid growth in contract manufacturing and lyophilization services across the worldTechnological advancements in lyophilization methodsGrowth Opportunities:Emerging marketsLoss of patent protection of several biologicsBrowse 134 market data Tables and 27 Figures spread through 171 Pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24018886Market Segmentation in Detailed: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.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 report “Freeze-Drying Equipment 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″, 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.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 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.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24018886The 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.
According to the new market research report “Freeze-Drying Equipment 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″ published by MarketsandMarkets™.Revenue Growth Opportunities and Growth Drivers?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 2025Growth Boosting Factors:Increasing demand for food preservationRising demand for lyophilized products in the pharmaceutical and biotechnology industriesRapid growth in contract manufacturing and lyophilization services across the worldTechnological advancements in lyophilization methodsGrowth Opportunities:Emerging marketsLoss of patent protection of several biologicsBrowse 134 market data Tables and 27 Figures spread through 171 Pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24018886Market Segmentation in Detailed: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.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 report “Freeze-Drying Equipment 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″, 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.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 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.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24018886The 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.