Lyophilization Market Worth $5,121.5 Million by 2019
DALLAS, September 19, 2014 /PRNewswire/ --
According to market research report, "Lyophilization Market by Equipment Type (Benchtop, Mobile, Industrial, & Laboratory), Industry (Food, Pharmaceutical, Biotechnology, Surgical Procedure, & Others), Technology (Tray-style, Manifold, & Rotary) & Geography - Global Trends & Forecast to 2019", published by MarketsandMarkets, defines and segments the lyophilization market on the basis of various types, applications, and regions with analyses and projections of the market size of each of these segments in terms of value and volume. It also identifies the driving and restraining factors for the lyophilization market with analyses of the trends, opportunities, burning issues, and winning imperatives.
Browse 86 market data tables and 59 figures spread through 196 pages and in-depth TOC on "Lyophilization Market - Global Trends & Forecast to 2019".
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Lyophilization or freeze-drying is the process of dehydrating a product, by the conversion of water from the solid state to a gaseous state without going through a liquid state under vacuum pressure, to increase its shelf-life. The whole process takes place through the lyophilization equipment, also known as freeze dryer or lyophilizer. Growing application of freeze-drying in food, biotechnology and pharmaceutical products, is contributing to an increase in the adoption of the lyophilization equipment globally.
The lyophilization market by equipment is driven by the increasing demand for lyophilized pharmaceutical products and preservation of food products. The key market players adopted new product & technology launches and expansions as their preferred strategies to sustain in the market. Industrial freeze dryer is the preferred lyophilization equipment for mass drying of products in pharmaceutical and biotechnology industries.
The market for lyophilization market is projected to reach $5,121.5 million by 2019. In 2013, North America was the largest market for lyophilization. Asia-Pacific is the fastest-growing market, during the review period. This is driven by the technological advancement and rapid growth in food, pharmaceutical and biotechnology industries in developing countries such as India and China.
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The report includes marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of the leading companies such as GEA Group (Germany), Azbil Corporation (Japan), IMA S.p.A (Italy), and SP Industries, Inc. (U.S.). The key players in the market are persistent on the expansion of their facilities to new markets and are actively investing in R&D activities to gain a competitive edge through new product developments.
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