Freeze drying is a process used for the preservation of food and pharmaceuticals and is considered to be the most natural method of preservation. The process involves removal of water from to be preserved substances and drying them with the help of a vacuum, so that the substance retains its sublime state. The process is also referred to as “lypholization”.
The global freeze drying equipment market is expected to grow at a CAGR of 5.5% from 2012 to 2018 to reach an estimated value of USD 9,682.075 million by the year 2018. Europe holds the maximum share of the market followed by the U.S and the Asia Pacific segment.
The growth in biotechnology and the food industry is driving sales of the freeze drying market, as almost 51% of the products in the pharmaceutical industry need to be preserved. Freeze drying equipments provide an affordable, rapidly stabilized and durable solution over their counterparts, making them the favorites of drug and food manufacturers.
Continuing innovations in the product line also serves as a driver for the freeze drying market. Freeze drying process is an eco friendly process as they use nitrogen refrigerants over the pollutant CFC. This serves as an opportunity for the market as the world is rapidly going green. The growing economy of the Asia Pacific region and their growing food and pharmaceutical imports will also serve as an opportunity for the market. The rising demand for fresh food by consumers will act as a restraint for the market.
The freeze drying equipments market could be segmented into three major categories based on its end users, components and geography. The market has three major end users: Pharmaceutical and the Biotechnology market, Healthcare market, Preserved Food market and Others which includes chemical industry and some other general users. The freeze drying equipment market has six major components: freezing chamber, dry shelves, condenser, vacuum system, air inlet system and the refrigerating system. The market could also be geographically segmented into the U.S, Europe, Asia Pacific and the rest of the world regions.
Some of the key players include Enwave Corporation, Biopharma Process systems, GEA, Thermo Fisher, Serail Freeze Drying systems, SP Industries, Freezedry Specialties Inc, Telstar Life Sciences, Cuddon Ltd., and others.
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