Freeze drying equipment market: Driven by advantages of freeze-drying over conventional drying - Technavio

NEW YORK, Feb. 10, 2023 /PRNewswire/ -- The freeze drying equipment market size is forecast to increase by USD 3,061.95 million from 2022 to 2027, at a CAGR of 9.01%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 4,662.36 million. The growth of the market will be driven by technological advances in freeze-drying, the advantages of freeze-drying over conventional drying, and the rising demand for biobanks. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ATS Automation Tooling Systems Inc., Azbil Corp., Biopharma Process Systems Ltd., BUCHI Labortechnik AG, Cuddon Freeze Dry, GEA Group AG, Gem Machinery and Allied Industries, Gevasol, HOF Sonderanlagenbau GmbH, IMA Industria Macchine Automatiche Spa, Labconco Corp., Lyophilization Systems India Pvt Ltd., Martin Christ Gefriertrocknungsanlagen GmbH, MechaTech Systems Ltd., Millrock Technology Inc., OPTIMA packaging group GmbH, Scala Scientific BV, Shanghai Tofflon Science and Technology Co. Ltd., ZIRBUS technology GmbH, and Freeze Drying Systems Pvt. Ltd.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by product (tray style, manifold, and rotary), application (biotechnology, food processing, pharmaceuticals, surgical procedures, and others),  and geography (Europe, APAC, North America, South America, and Middle East and Africa).

Segmentation by Product (Inclusion/Exclusion)

• The market growth will be significant in the tray style segment during the forecast period. Tray-style freeze dryers are used to freeze-dry a variety of materials, such as pharmaceutical solutions, tissue extracts, and vaccines, for long-term storage. They can perform the freeze-drying of products in bulk or in vials/containers. They also ensure the sealing of the vial before it is exposed to the atmosphere. Many such benefits are increasing the demand for tray-style freeze drying equipment among end-users.

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What are the key data covered in this freeze drying equipment market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the freeze drying equipment market between 2023 and 2027
• Precise estimation of the size of the freeze drying equipment market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the freeze drying equipment market industry across Europe, APAC, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of freeze drying equipment market vendors

Related Reports:

• The industrial bakery processing equipment market is estimated to grow at a CAGR of 6.84% between 2022 and 2027. The size of the market is forecast to increase by USD 3,315.12 million. The rise in demand for frozen bakery products is notably driving market growth, although factors such as the existing market for used and refurbished equipment may impede the market growth.
• The industrial food blender and mixer market is estimated to grow at a CAGR of 6.81% between 2022 and 2027. The size of the market is forecast to increase by USD 6,065.09 million. The steady growth of the food processing industry is notably driving the market growth, although factors such as high energy consumption may impede the market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global freeze drying equipment market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global freeze drying equipment market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Tray style - Market size and forecast 2022-2027
• Exhibit 34: Chart on Tray style - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Tray style - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Tray style - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Tray style - Year-over-year growth 2022-2027 (%)

• 6.4 Manifold - Market size and forecast 2022-2027
• Exhibit 38: Chart on Manifold - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Manifold - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Manifold - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Manifold - Year-over-year growth 2022-2027 (%)

• 6.5 Rotary - Market size and forecast 2022-2027
• Exhibit 42: Chart on Rotary - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Rotary - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Rotary - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Rotary - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Biotechnology - Market size and forecast 2022-2027
• Exhibit 51: Chart on Biotechnology - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Biotechnology - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Biotechnology - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Biotechnology - Year-over-year growth 2022-2027 (%)

• 7.4 Food processing - Market size and forecast 2022-2027
• Exhibit 55: Chart on Food processing - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Food processing - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Food processing - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Food processing - Year-over-year growth 2022-2027 (%)

• 7.5 Pharmaceuticals - Market size and forecast 2022-2027
• Exhibit 59: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)

• 7.6 Surgical procedures - Market size and forecast 2022-2027
• Exhibit 63: Chart on Surgical procedures - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Surgical procedures - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Surgical procedures - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Surgical procedures - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 71: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 ATS Automation Tooling Systems Inc. 
• Exhibit 124: ATS Automation Tooling Systems Inc. - Overview
• Exhibit 125: ATS Automation Tooling Systems Inc. - Product / Service
• Exhibit 126: ATS Automation Tooling Systems Inc. - Key offerings

• 12.4 Azbil Corp. 
• Exhibit 127: Azbil Corp. - Overview
• Exhibit 128: Azbil Corp. - Business segments
• Exhibit 129: Azbil Corp. - Key news
• Exhibit 130: Azbil Corp. - Key offerings
• Exhibit 131: Azbil Corp. - Segment focus

• 12.5 Biopharma Process Systems Ltd. 
• Exhibit 132: Biopharma Process Systems Ltd. - Overview
• Exhibit 133: Biopharma Process Systems Ltd. - Product / Service
• Exhibit 134: Biopharma Process Systems Ltd. - Key offerings

• 12.6 BUCHI Labortechnik AG 
• Exhibit 135: BUCHI Labortechnik AG - Overview
• Exhibit 136: BUCHI Labortechnik AG - Product / Service
• Exhibit 137: BUCHI Labortechnik AG - Key offerings

• 12.7 Cuddon Freeze Dry 
• Exhibit 138: Cuddon Freeze Dry - Overview
• Exhibit 139: Cuddon Freeze Dry - Product / Service
• Exhibit 140: Cuddon Freeze Dry - Key offerings

• 12.8 GEA Group AG 
• Exhibit 141: GEA Group AG - Overview
• Exhibit 142: GEA Group AG - Business segments
• Exhibit 143: GEA Group AG - Key offerings
• Exhibit 144: GEA Group AG - Segment focus

• 12.9 Gevasol 
• Exhibit 145: Gevasol - Overview
• Exhibit 146: Gevasol - Product / Service
• Exhibit 147: Gevasol - Key offerings

• 12.10 IMA Industria Macchine Automatiche Spa
• Exhibit 148: IMA Industria Macchine Automatiche Spa - Overview
• Exhibit 149: IMA Industria Macchine Automatiche Spa - Business segments
• Exhibit 150: IMA Industria Macchine Automatiche Spa - Key news
• Exhibit 151: IMA Industria Macchine Automatiche Spa - Key offerings
• Exhibit 152: IMA Industria Macchine Automatiche Spa - Segment focus

• 12.11 Labconco Corp. 
• Exhibit 153: Labconco Corp. - Overview
• Exhibit 154: Labconco Corp. - Product / Service
• Exhibit 155: Labconco Corp. - Key offerings

• 12.12 Martin Christ Gefriertrocknungsanlagen GmbH 
• Exhibit 156: Martin Christ Gefriertrocknungsanlagen GmbH - Overview
• Exhibit 157: Martin Christ Gefriertrocknungsanlagen GmbH - Product / Service
• Exhibit 158: Martin Christ Gefriertrocknungsanlagen GmbH - Key offerings

• 12.13 Millrock Technology Inc. 
• Exhibit 159: Millrock Technology Inc. - Overview
• Exhibit 160: Millrock Technology Inc. - Product / Service
• Exhibit 161: Millrock Technology Inc. - Key offerings

• 12.14 OPTIMA packaging group GmbH 
• Exhibit 162: OPTIMA packaging group GmbH - Overview
• Exhibit 163: OPTIMA packaging group GmbH - Product / Service
• Exhibit 164: OPTIMA packaging group GmbH - Key offerings

• 12.15 Scala Scientific BV 
• Exhibit 165: Scala Scientific BV - Overview
• Exhibit 166: Scala Scientific BV - Product / Service
• Exhibit 167: Scala Scientific BV - Key offerings

• 12.16 Shanghai Tofflon Science and Technology Co. Ltd.
• Exhibit 168: Shanghai Tofflon Science and Technology Co. Ltd. - Overview
• Exhibit 169: Shanghai Tofflon Science and Technology Co. Ltd. - Product / Service
• Exhibit 170: Shanghai Tofflon Science and Technology Co. Ltd. - Key offerings

• 12.17 ZIRBUS technology GmbH 
• Exhibit 171: ZIRBUS technology GmbH - Overview
• Exhibit 172: ZIRBUS technology GmbH - Product / Service
• Exhibit 173: ZIRBUS technology GmbH - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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