Global Freeze-Drying Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Freeze-Drying Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dry freezing is a dehydration process which is also known as lyophilization. The process of dry freezing eliminates the moisture content of any product. This contains longer storage durations for products as the growth of bacteria and fungi is inhibited in moisture-free conditions. Equipment used for dry freezing such as various sensors and freezing chamber, cryogenic liquid storage and vacuum pumps, tubing and nozzles vacuum and freezing chamber. The traditional process of drying products is replaced by modern technologies. Freeze-drying equipment helps for eliminating moisture and also preserve the aroma of products, maintain chemical properties, and improve usability in different conditions.

Market Overview:

The latest research study on the global Freeze-Drying market finds that the global Freeze-Drying market reached a value of USD 736.74 million in 2022. It’s expected that the market will achieve USD 1047.18 million by 2028, exhibiting a CAGR of 6.04% during the forecast period.

Influence of COVID-19 Outbreak on Freeze-Drying Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared this an urgent public health event. It has begun to feel the global influence of coronavirus disease (COVID-19) in 2019 and will greatly affect the freeze-drying equipment market in 2020. Under the influence of COVID-19, logistics will be suspended, the supply of raw materials for freeze dryers will be tight, production will stagnate, the company's inventory will increase, and the production of related companies in the severely affected areas will be greatly affected. The short-term popularity has little effect on the supply of raw materials for enterprises, mainly consuming stock materials. Long-term epidemics will cause incalculable losses.

Secondly, the freeze dryer is mainly used for Biotechnology, Pharmaceuticals, Food Processing, Surgical Procedures. The impact of COVID-19 on the freeze dryer will involve all major links and all entities downstream of the industrial chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. For example, in some food processing plants, affected by the epidemic, workers spend a lot of time to keep the food chain running. They feel pressure and tension, and their work efficiency is affected to a certain extent. Once an infected person appears, the manufacturing plant Production will stop. These have greatly affected the demand for freeze-drying equipment. Therefore, the impact on the freeze-drying equipment industry depends on the prevention and control effects of COVID-19.

Factors Challenging the Market

Most freeze dryer equipment is a large product, and the high installation and maintenance costs will hinder the growth of the market. In addition, regular maintenance and refurbishment requirements may increase the demand for refurbishment systems by various biotechnology and pharmaceutical companies, thereby inhibiting market growth.

The market as a whole is relatively fragmented, and most regions lack generally accepted standards or regulations. Since there are relatively few barriers to new entrants, a large number of new entrants will intensify the level of competition among suppliers.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Tofflon Science and Technology is one of the major players operating in the Freeze-Drying market, holding a share of 4.84% in 2020.

Shanghai Tofflon technology co., LTD., founded in 1993, is a comprehensive pharmaceutical equipment supplier. Since its establishment, the company has been providing equipment and systems in more than 40 countries and regions, and has been widely used in liquid and lyophilized injections.

Azbil Corporation develops, manufactures, and markets total automation equipment used in industrial and commercial buildings. The Company's products include sensors, switches, recording meters, security systems, air conditioners, pressure transmitters, and flow meters.

Segmentation Overview:

Among different product types, Laboratory Freeze Dryers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pharmaceuticals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Freeze-Drying market covered in Chapter 3:

Martin Christ
Azbil Corporation
Kyowa Vacuum Engineering
GEA Group
Millrock Technology, Inc.
HOF Enterprise Group
SP Industries, Inc.
Tofflon Science and Technology
Labconco Corporation
IMA S.p.A.
Zirbus Technology GmbH
OPTIMA packaging group GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Freeze-Drying market from 2018 to 2029 is primarily split into:

Bench Top Freeze Dryers
Laboratory Freeze Dryers
Mobile Freeze Dryers
General Purpose Freeze Dryers
Industrial Freeze Dryers
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Freeze-Drying market from 2018 to 2029 covers:

Biotechnology
Pharmaceuticals
Food Processing
Surgical Procedures
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)