The Global freeze drying equipment market held a market value of US$2,118 million in 2021 and is expected to reach US$3,346.08 million by 2027. The market is expected to register a CAGR of 8.1% over the projected period. The market volume is expected to reach approximately 575,750 units by 2027.
Freeze-drying equipment, also known as freeze-drying equipment, helps in the process of water removal, generally adopted for the preservation of perishable goods. It extends the shelf life and prepares the material for transport. The market is expected to be driven by the growing demand for lyophilization of new biologic drugs and injectable formulations. Furthermore, the increase in contract manufacturing and freeze-drying services coupled with the increasing adoption of freeze-drying technology for high-value delicate and sensitive materials is also expected to drive the market growth.
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Despite the driving factors, the stringent government regulations and policies coupled with the high cost of the freeze-drying technique are estimated to negatively hinder the growth of the market. The increasing use of alternative drying techniques, especially in the pharmaceutical and biotechnology sectors, is also expected to restrain the market growth. During the COVID-19 pandemic, the market has been negatively impacted due to supply chain and manufacturing challenges.
Growing demand for lyophilization of new biological drugs and injectable formulations
Biological products are complex and must be processed and stored under strict quality control guidelines. They require specialized conditions to preserve the integrity of drug activity. According to an article by PCI Synthesis, as of August 2019, around 16% of the top 100 drugs are freeze-dried. According to the same source, the percentage of freeze-dried biological drugs is over 35%. This growing demand for lyophilization of new biologic drugs and injectable formulations is expected to drive the growth of the market.
Increase in contract manufacturing and freeze-drying services
Lyophilization services are adopted by biopharmaceutical companies to keep their APIs and drugs sterile. Moreover, these companies are adopting 2 ways to bring their drugs to market. One of these ways is through contract manufacturing. Contract manufacturing organizations require freeze drying equipment for transporting drugs. Hence, increasing adoption of freeze drying services and contract manufacturing organizations is expected to drive the market growth.
Presentation of the segments:
The global freeze drying equipment market is segmented on the basis of equipment type (form factor), scale of operation, capacity and application.
By type of equipment (form factor),
- Benchtop Freeze Dryers
- Tray freeze dryers
- Collector Freeze Dryers
- Rotary freeze dryers
- Mobile freeze dryers
- Parts & Accessories
The tray freeze dryer segment is expected to hold the largest share of around 37% owing to the growing demand for freeze drying and contract manufacturing services. The parts and accessories segment is expected to grow at the fastest CAGR of around 8.2%.
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By operating scale,
- Industrial freeze dryers
- Commercial freeze dryers
- Laboratory freeze dryers
- Pilot scale freeze dryers
The industrial freeze dryer segment is expected to hold the largest market share and is expected to surpass a volume of 314,000 units by 2025. This is due to the high level of quality provided by industrial scale freeze drying equipment. The laboratory freeze dryer segment is estimated to witness the fastest growth rate of around 9.1% during the forecast period.
- 10-150 kilograms
- 150-500 kg
- 500-1000 kg
- >1000 kilograms
- Chemicals and pharmaceuticals
- Food processing and packaging
- Vegetables & Meat
- Other agricultural and agricultural products
- Health/ Medical
- Others (Research, Preservation)
The biotechnology segment is expected to hold a market volume of 52,132 units in 2020. This is due to the high demand for freeze-drying equipment by biotechnology companies. Inside, the food processing and packaging segment, the other agricultural and agri-food products segment is expected to experience a growth rate of 11%.
Based on region, the global freeze drying equipment market is divided into Europe, North America, Asia, Middle East & Africa & South America.
Asia includes China, Japan, India, South Korea, Southeast Asia and Rest of Asia. The region is expected to hold the largest market share owing to the presence of a large number of contract manufacturing organizations, especially in India. Southeast Asia includes Malaysia, Indonesia, Singapore, Thailand, Vietnam, the Philippines, and the rest of Southeast Asia. The Malaysia region is expected to surpass a market volume of 2500 units by 2024.
The European market is expected to hold the second largest market share owing to the presence of major market players in the region. The region includes the UK, Germany, France, Italy, Spain, Russia and the rest of Europe. The UK region held a market value of over USD 44 million in 2020 and France witnessed a growth rate of 8.4% during the forecast period.
The North American region includes the United States, Canada and Mexico. The Middle East and Africa region includes Saudi Arabia, United Arab Emirates, South Africa and Rest of MEA. The South American region includes Argentina, Brazil and the rest of South America.
The major players operating in the global freeze drying equipment market are Azbil Corporation, Biopharma Process Systems Ltd., BÜCHI Labortechnik AG, Cryotec Fr, Cuddon Freeze Dry, Freeze Drying Systems Pvt. Ltd, Freezedry Specialties, Inc., GEA Group, HOF Enterprise Group, Industria Macchine Automatiche SpA, Labconco Corporation, Lyophilization Systems Ltd., MechaTech Systems Ltd., Millrock Technology, Inc., OPTIMA Packaging Group GmbH, Scala Scientific BV, SP Industries , Inc., Tofflon Science and Technology Co. Ltd, Zirbus Technology GmbH and other prominent players.
The approximate market share of the top 5 players is close to around 35%. These market players are involved in collaborations, mergers and acquisitions, and new product launches to boost their presence in the market. For example, in March 2021, GEA refrigeration technologies opened its new service branch in Patterson, California, USA, with the company aiming to improve the experience of its customers through this service center.
The Global Freeze Drying Equipment Market report provides pointers insights below:
- Market Penetration: Provides comprehensive market insights offered by major players
- Market Development: The report offers detailed information on lucrative emerging markets and analyzes penetration in mature segments of the markets.
- Market Diversification: Provides detailed information on untapped geographies, recent developments and investments
- Competitive Landscape Assessment: Mergers and acquisitions, certifications, product launches in the global Freeze Drying Equipment market have been provided in this research report. In addition, the report also emphasizes on the SWOT analysis of key players.
- Product Development and Innovation: The report provides smart insights into future technologies, R&D activities and breakthrough product developments
The Global Freeze Drying Equipment Market report answers questions like:
- What is the market size and forecast of the global freeze drying equipment market?
- What are the inhibiting factors and impact of COVID-19 on the Global Freeze Drying Equipment Market during the assessment period?
- What are the products/segments/applications/areas to invest in during the assessment period in the Global Freeze Drying Equipment Market?
- What is the competitive strategic window for opportunities in the Global Freeze Drying Equipment Market?
- What are the technological trends and regulatory frameworks in the global freeze drying equipment market?
- What is the market share of the major players in the global freeze drying equipment market?
- What modes and strategic moves are considered favorable for entering the global Freeze Drying Equipment market?
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