The global Freeze-Drying Market is estimated to grow $3.1 billion in 2027 from $2.0 billion in 2020, growing at a CAGR of 6.6% during the forecast period (2021-2027). Freeze-drying or lyophilization is a water/moisture removal technique typically used to preserve food, pharmaceutical products such as vaccines, biologics, enzymes, and other perishable products. Freeze-drying technology is gaining momentum due to the rising biotechnology market coupled with growing pharmaceutical, and food, and beverage industries. Pharmaceutical products such as probiotics, oil-based supplements, soft gel, certain vaccines, enzymes, insulin, labile blood products, biotechnology products, and so on are sensitive to elevated temperatures and need freeze-drying technology. Geographically, the US and Europe are expected to contribute the highest in the global freeze-drying market. Europe has a significant contribution to vaccine production. According to IIR (International Institute of Refrigeration) 2016, European vaccine manufacturers contribute over 80% of the global vaccines. As per World Health Organization (WHO), some medicines may require (-20-degree Celsius temperature) that creates demand for freeze-drying technology.
To Request a Sample of our Report on Global Freeze-Drying Market: https://www.omrglobal.com/request-sample/freeze-drying-market
Growing Demand for Global Freeze-Drying Market
Import and export of lyophilized products have been increased significantly over the years, giving rise to the demand for freeze-drying technology across the globe. Regions such as the US, Canada, France, Germany, China, and India have significant contributions towards the import and export of lyophilized products. Freeze-drying technology is gaining momentum in the pharmaceutical and biotechnology industries. According to the Gulf Cooperation Council (GCC), pharmaceutical companies are growing significantly and are expected to become the next generation of competitors in the contract manufacturing market. Contract manufacturing in the pharmaceuticals sector is creating considerable demand for freeze-drying components and machines across the Middle East and Asia-Pacific region. Growing global and regional demand for sensitive and high-value material and products in the pharmaceutical and biotechnology sectors will further create opportunities for the freeze-drying market. The growing healthcare expenditures in the GCC and significant rise in imports and export creates significant opportunity for the Middle East and Asia-Pacific pharmaceutical companies such as Bioxell.
(Get 15% Discount on Buying this Report)
A full Report of Global Freeze-Drying Market is Available at: https://www.omrglobal.com/industry-reports/freeze-drying-market
Scope of the Global Freeze-Drying Market
Market Coverage
- The market number available – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Type, By Technology, By Scale of Operation
- Regions Covered- North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World
- Competitive Landscape- Freezedry Specialties, Inc, Gea Group Ag, I.M.A. Industria Macchine Automatiche S.P.A., Martin Christ Gefriertrocknungsanlagen, Millrock Technology, Inc., Tofflon Science and Technology Co., Ltd.
Recent Strategic Initiatives in the Global Freeze-Drying Market
- Optima Packaging Group Gmbh has concentrated on the development of ultra-low temperature-related technology, freeze-drying technology, and high vacuum-related technology for over 20 years challenging the ultimate technology.
Global Freeze-Drying Market -Segmentation
By Type
- Vacuum Systems
- Loading and Unloading
- Controlling and Monitoring Systems
- Manifolds
- Clean in Place Systems
- Drying Chambers
- Other Freeze-Drying Accessories
By Technology
- Tray Style Freeze Dryers
- Manifold Freeze Dryers
By Scale Of Operation
- Industrial Scale Freeze Dryers
- Pilot Scale Freeze Dryers
- Lab Scale Freeze Dryers
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
