PUNE, India, October 5, 2015 /PRNewswire/ --
The report "Lyophilization Equipment Market by Type (Tray-style, Manifold, Shell (Rotary), Mobile), Application (Food, Pharmaceutical, Biotechnology, Diagnostics), Scale of Operations (Industrial, Pilot, Lab), Accessories & by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, The Lyophilization Equipment Market is projected to reach USD 2.8 Billion by 2020, at a CAGR of 6.2% from 2015.
Browse 74 Tables and 53 Figures spread through 172 Pages and in-depth TOC on "Lyophilization Equipment Market"
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The market report defines and segments the Lyophilization Equipment Market on the basis of equipment type, scale of operations, application, accessories, and region, with analyses and projections of the market size of each of these segments, (USD Million). It also identifies the driving and restraining factors for the Lyophilization Equipment Market with analyses of the trends, and opportunities.
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Lyophilization is a dehydration technique, in which moisture present in the given sample is frozen and then removed. It is often conducted in lyophilization equipment, which is commonly termed as a lyophilizer or freeze dryer. Lyophilization equipment have key applications in the food, pharmaceutical, and biotechnology industries and is used as a standard process to stabilize, store, and increase the shelf life of food products, biological molecules, and high-value drug products. Lyophilization is widely used in the food industry to freeze dry food products such as coffee, fruit & juice, vegetables, meat, fish & seafood, eggs, and dairy. Some of the major categories of pharmaceutical and biotechnology molecules that are freeze-dried include vaccines & antibodies, proteins, enzymes, hormones, blood plasma, and bacteria-derived compounds.
The increasing demand for food preservation and rising demand for lyophilized pharmaceutical products are the key drivers of the Lyophilization Equipment Market. This market is characterized by the stringent regulations laid by the regulatory bodies on the inspection of the lyophilized products and guidelines for lyophilization process. The leading companies, research institutes, and organizations are continuously involved in R&D to develop advanced lyophilization equipment that are automatic, easy to handle, and time-saving. This innovative equipment are specially designed as per the requirements for a wide range of industries such as food, pharmaceutical, biotechnology, and diagnostics.
Key market players adopted new product launches, acquisitions, expansions, and agreements, collaborations & joint ventures as their preferred strategies to sustain in the market.
The Lyophilization Equipment Market is projected to reach USD 2.8 Billion by 2020, at a CAGR of 6.2% from 2015. Asia-Pacific is estimated to be the largest market for lyophilization equipment in 2015. This region is projected to be the fastest-growing market, at a CAGR of 8.6% during the review period. This growth is mainly driven by the increasing food processing & storage and healthcare industries, particularly in developing countries such as India, Bangladesh, Japan, China, and Latin American countries.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as GEA Group (Germany), Azbil Corporation (Japan), Tofflon Science and Technology Co., Ltd. (China), Industria Macchine Automatiche S.P.A. (Italy), and SP Industries, Inc. (U.S.). Other key companies that are active in the market include HOF Enterprise Group (Germany), Labconco Corporation (U.S.), Martin Christ Gefriertrocknungsanlagen GmbH (Germany), Millrock Technology, Inc. (U.S.), and OPTIMA packaging group GmbH (Germany).
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