Lyophilization Equipment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Manifold, Rotary, Others), By Accessories (Vacuum Systems, Manifolds, Drying Systems, Clean-In-Peace(CIP) Systems, Others), By Application (Food Processing And Packaging, Pharmaceutical And Biotechnology, Others), And By Geography - Forecasts From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061611736 Pages: 105

The lyophilization equipment market was valued at US$13.475 billion in 2018 and is expected to grow at a CAGR of 8.34% over the forecast period to reach a total market size of US$21.792 billion in 2024. Lyophilization is a process of removal of water from a product by sublimation. The frozen product is placed under a vacuum so that ice can change directly from solid to vapor. Lyophilization equipment is a tool that facilitates the process. This process is used to store heat-sensitive materials such as tissues, microbes, and plasma. It is used for the storage of vaccines, blood samples, purified proteins, and other materials. The lyophilization equipment market is driven by increasing demand for lyophilization products. Technological advancements in the equipment will further uplift the market. Increasing demand for aseptic packaging and preservation coupled with increasing production of protein-based drugs is expected to propel the market.  Geographically, Asia-Pacific is expected to have a significant market share on account of increasing expenditure in R&D and the presence of key manufacturers. North America is also expected to have a significant market share in the global lyophilization equipment market owing to increasing R&D activities and government approval and authorization in the region.

High installation costs and maintenance of equipment can hamper the growth of the market. Also, government regulations regarding lyophilization products may restrain the growth of the market. However, the lyophilization equipment market is expected to grow on account of the increase in the drug development process coupled with biopharmaceutical research. The market is expected to propel with rapid growth in lyophilization services and technological advancements.

The Lyophilization Equipment Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by technology, accessories, application, and geography.

The lyophilization equipment market on segmented based on technology, accessories, application, and geography. Based on technology the market has been segmented into manifold, rotary, and others. Based on accessories the market has been segmented into vacuum systems, manifolds, drying systems, clean-in-peace (CIP) systems, and others. Based on application the market has been classified into food processing and packaging, pharmaceutical and biotechnology, and others.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the lyophilization equipment market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the lyophilization equipment market.

Lyophilization Equipment Market Scope:

Report Metric Details
 Market size value in 2018  US$13.475 billion
 Market size value in 2024  US$21.792 billion
 Growth Rate  CAGR of 8.34% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Technology, Accessories, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered OPTIMA packaging group GmbH, Millrock Technology, Inc., SP Industries, Inc., Azbil Corporation, GEA Group Aktiengesellschaft, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Labconco, Martin Christ Gefriertrocknungsanlagen GmbH, Hof Enterprise Group, ZIRBUS Technology GmbH
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Technology
    • Manifold
    • Rotary
    • Others
  • By Accessories
    • Vacuum Systems
    • Manifolds
    • Drying Systems
    • Clean-In-Peace(CIP) Systems
    • Others
  • By Application
    • Food Processing and Packaging
    • Pharmaceutical and Biotechnology
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the lyophilization equipment market size by 2024?
A1. The lyophilization equipment market is expected to reach a total market size of US$21.792 billion in 2024. 


Q2. What are the growth prospects for the lyophilization equipment market?
A2. The global lyophilization equipment market is expected to grow at a CAGR of 8.34% during the forecast period. 


Q3. What is the size of the global lyophilization equipment market?
A3. Lyophilization Equipment Market was valued at US$13.475 billion in 2018. 


Q4. What factors are anticipated to drive the lyophilization equipment market growth?
A4. The lyophilization equipment market is driven by increasing demand for lyophilization products. 


Q5. Which region holds the largest market share in the lyophilization equipment market?
A5. Geographically, Asia-Pacific is expected to have a significant share in the lyophilization equipment market on account of increasing expenditure in R&D and the presence of key manufacturers.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Competitive Rivalry in the Industry
4.6.  Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. LYOPHILIZATION EQUIPMENT MARKET BY TECHNOLOGY
5.1. Manifold
5.2. Rotary
5.3. Others 
 
6. LYOPHILIZATION EQUIPMENT MARKET BY ACCESSORIES
6.1. Vacuum Systems
6.2. Manifolds
6.3. Drying Systems
6.4. Clean-In-Peace(CIP) Systems
6.5. Others 
 
7. LYOPHILIZATION EQUIPMENT MARKET BY APPLICATION
7.1. Food Processing and Packaging
7.2. Pharmaceutical and Biotechnology
7.3. Others 
 
8. LYOPHILIZATION EQUIPMENT MATERIAL MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Israel
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. Australia
8.5.5. India
8.5.6. Others
 
9. COMPETITIVE INTELLIGENCE
9.1. Market Positioning Matrix and Ranking
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
 
10. COMPANY PROFILES 
10.1. OPTIMA packaging group GmbH
10.2. Millrock Technology, Inc .
10.3. SP Industries, Inc.
10.4. Azbil Corporation.
10.5. GEA Group Aktiengesellschaft
10.6. I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
10.7. Labconco
10.8. Martin Christ Gefriertrocknungsanlagen GmbH
10.9. Hof Enterprise Group
10.10. ZIRBUS Technology GmbH
 

OPTIMA packaging group GmbH

Millrock Technology, Inc.

SP Industries, Inc.

Azbil Corporation.

GEA Group Aktiengesellschaft

I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.

Labconco

Martin Christ Gefriertrocknungsanlagen GmbH

Hof Enterprise Group

ZIRBUS Technology GmbH

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