Rising use of freeze-drying equipment in surgical procedures are likely to boost the growth of the global freeze drying equipment market during the forecast period 2019 to 2024
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Market Research Future (MRFR) announces the publication of its research report –Global Freeze Drying Equipment Market, 2019-2024. The global freeze drying equipment market held a market value of USD 2.2 billion in 2018 and is projected to grow at a CAGR of 8.9% over the forecast period.
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Freeze dryers are widely used for the prevention of heat-sensitive biological materials, pharmaceuticals, and food, among others. Increasing awareness regarding various benefits of the freeze dried product, such as enhanced efficiency related to desiccant drying and air-drying are responsible for the growth of the market during the forecast period. Moreover, the rising usage of freeze drying equipment in surgical procedures.
On the other hand, high set up & maintenance cost and increasing demand for refurbished systems from various biotechnology & pharmaceutical companies may hamper the market growth during the assessment period.
Currently, the global market is dominated by numerous prominent players. The key players in the market are engaged in strategic collaborations and acquisitions to strengthen their market position. For instance, September 2016, Thermo Fisher Scientific completed the acquisition of FEI Company, Inc. which has helped the company to strengthen its Analytical Instruments business and also leveraged global scale and commercial reach to extend the use of scientific technology.
On a regional basis, the global market in the Americas is segmented into two major regions, i.e., North America and South America. The North American region is likely to hold the major share in the region owing to the innovative product development and increasing investment in research and development for innovation in the region.
The global Freeze Drying Equipment Market has been segmented into type, application, and end user.
Some of the prominent players in the global freeze drying equipment market are Tofflon, GEA Group Aktiengesellschaft, Labconco, Azbil Corporation, Biopharma Process Systems Ltd, Cuddon Freeze Dry, Hosokawa Micron Group, Freeze Drying Systems Pvt. Ltd, Thermo Fisher Scientific Inc., Millrock Technology, Inc., ZIRBUS technology GmbH, SP Scientific, LTE Scientific Ltd, Hitachi, Ltd, MechaTech Systems Ltd, and others.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
Chapter 6. Global Freeze-Drying Equipment Market, By Type
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