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Global Freeze Drying Equipment Market 2016-2020

Global Freeze Drying Equipment Market 2016-2020

About Freeze Drying Equipment

Freeze drying is a process that involves the removal of water or other solvents from a frozen product by a phenomenon called sublimation, which occurs when a frozen liquid undergoes a phase change directly to the gaseous phase without passing through the liquid phase. Specialized equipment is required to generate the conditions favorable to the freeze drying process. This equipment can accommodate freeze drying of materials from laboratory-scale projects to industrial production. Freeze drying has been used in numerous applications for many years, most commonly in the food and pharmaceutical industries.

Technavio’s analysts forecast the global freeze drying equipment market to grow at a CAGR of 6.72% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global freeze drying equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from segments such as product type and geography.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Freeze Drying Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cuddon Freeze Dry
  • GEA
  • Millrock Technology
  • SP Industries
Other prominent vendors
  • Labconco
  • Martin Christ Gefriertrocknungsanlagen
  • Optima Packaging
  • Telstar Lifescience
  • Tofflon Science and Technology
Market driver
  • Augmented demand for contract manufacturing in pharmaceutical industry
  • For a full, detailed list, view our report
Market challenge
  • Capital-intensive nature boosts refurbished equipment
  • For a full, detailed list, view our report
Market trend
  • Smart freeze dryers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Freeze Drying Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the global freeze drying equipment market: Cuddon Freeze Dry, GEA, Millrock Technology, and SP Industries.

Other Prominent Vendors in the market are: Labconco, Martin Christ Gefriertrocknungsanlagen, Optima Packaging Group, Telstar Lifescience, and Tofflon Science and Technology.

Commenting on the report, an analyst from Technavio’s team said: “The introduction of smart freeze dryers is one of the key trends spurring this market’s growth. Businesses and corporations today are spending generously toward R&D to achieve cost synergies and overall process optimization. Increasing efficiency and lowering operating costs and emissions have become the key performance indicators of almost all the process-based industries. Freeze drying remains a relatively expensive technique of drying. With the world moving toward the adoption of smart technologies that enable remote monitoring to provide optimized results, the freeze drying industry is also gradually moving in the same direction. Vendors in the freeze drying equipment market have introduced products such as smart freeze dryers that offer increased reliability and affordability. These dryers are based on proven, standardized modules and are designed according to the specific size and technology requirements of each customer. Besides being cost effective, these dryers also facilitate planning, validation, and documentation, and significantly reduce delivery times. Standardized modules are more cost-efficient to produce and more reliable than bespoke systems, resulting in lower purchase and maintenance costs.”

According to the report, declining raw material prices generating greater margins is a key driver contributing to the growth of this market. Freeze dryers used in the process industry make use of stainless steel as the primary raw material. The variation in the price of steel, thus, can be directly reflected in the total cost of freeze dryers. Global steel prices have been weak and reached $365/ton in 2016, the lowest in a decade. The sharp decline in steel prices can be attributed to the global oversupply. The oversupply was a result of the weakening appetite in China for manufacturing. China, which accounts for around half of global steel production, witnessed a downturn in domestic demand, resulting in increased export of steel. Coupled with the crippled yuan after its deliberate devaluation in 2015, the price of Chinese steel in the international markets fell significantly, resulting in an oversupply of relatively low-cost steel. Although steel prices are expected to rise, they are not expected to reach the 2014 levels and will continue to remain relatively low, thereby encouraging freeze dryer manufacturers to increase production, as achieving a breakeven will not be a problem

Further, the report states that capital-intensive nature boosts refurbished equipment is a mjor challenge this industry is facing. Since its inception, the elementary idea behind freeze drying technology has remained unchanged and has traditionally been quite expensive. The freeze drying equipment and its overall setup cost are high. This, coupled with the high energy intensive nature and low returns due to intensive competition in the manufacturing industry, has led to increased cost of operation. The cost of freeze drying equipment can be thrice the cost of a conventional dryer. This restricts its adoption in SMEs, which have a relatively low capital exposure, and therefore, spurs them to adopt traditional drying technologies like sun-drying, which is a highly inefficient and extremely slow process.

Companies Mentioned

Cuddon Freeze Dry, GEA, Millrock Technology, SP Industries, Labconco, Martin Christ Gefriertrocknungsanlagen, Optima Packaging Group, Telstar Lifescience, Tofflon Science and Technology.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Market size calculation
    • Segmentation by types
      • Table Market segmentation by types
      • Table Key countries in each geographical region
    • Vendor analysis
    • Assumptions
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Lyophilization processes
      • Table Market scenario based on type of equipment
      • Table Market scenario based on geography
  • Market landscape
    • Market overview
      • Table Global freeze drying equipment market
    • Market size and forecast
      • Table Average annual rate of global population change 1960-2050
      • Table Current freeze drying equipment market scenario
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Augmented demand for contract manufacturing in pharmaceutical industry
      • Table Global pharmaceutical market revenue 2004-2014 ($ billions)
      • Table Factors driving contract manufacturing growth
    • Academia-industry consortium aims at lyophilization process enhancement
    • Declining raw material prices generating greater margins
      • Table Steel price trend and forecasts ($/ton)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Quality-by-accident versus quality-by-design challenges
      • Table Common challenges in lyophilization process
    • Capital-intensive nature boosts refurbished equipment
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Smart freeze dryers
      • Table Benefits of using smart freeze dryers
      • Table Case study: Traditional approach versus smart approach
    • NIR spectroscopy as a process analytical technology in lyophilization
      • Table NIR spectroscopy applications
    • Promession
      • Table Promession process steps
  • Market segmentation by product type
    • Table Market shares of different equipment types 2015-2020
    • Tray style freeze dryer market
      • Table Tray style freeze dryer market 2015-2020 ($ billions)
    • Manifold freeze dryer market
      • Table Manifold freeze dryer market 2015-2020 ($ billions)
    • Rotary freeze drying
      • Table Rotary freeze dryer market 2015-2020 ($ millions)
  • Geographical segmentation
    • Market segmentation by geography
      • Table Geographical segmentation of freeze drying equipment, 2015-2020
    • Freeze drying equipment market in APAC
      • Table Freeze drying equipment market in APAC 2015-2020 ($ billions)
    • Freeze drying equipment market in Americas
      • Table Freeze drying equipment market in Americas 2015-2020 ($ billions)
    • Freeze drying equipment market in EMEA
      • Table Freeze drying equipment market in EMEA 2015-2020 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Cuddon Freeze Dry
      • Table Cuddon Freeze Dry: Product portfolio
    • GEA Group
      • Table GEA: Product portfolio
    • Millrock Technology
      • Table Millrock Tech: Product portfolio
    • SP Industries
      • Table Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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