Freeze Drying Equipment Market Analysis

Freeze Drying Equipment Market Overview

Freeze-Drying Equipment Market Valued at USD 5.5 billion in 2023, projected to grow from USD 5.9 billion in 2024 to USD 10.18 billion by 2032, exhibiting a CAGR of 6.80% during the forecast period (2024 - 2032). Adoption of smart technologies are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Freeze Drying Equipment Market Trends

• Growing need for freeze drying to boost market growth

The growing inclination towards packaged food products on account of changing lifestyles, busy schedules and inflating disposable incomes represents one of the key factors impelling the market growth. Additionally, as the freeze-drying method removes water, reduces the overall weight of the food and helps in easy storage and transportation of food to military camps and spacecraft, its demand is escalating worldwide. Apart from this, the rising prevalence of diseases is increasing the application of freeze-drying equipment in the pharmaceutical industry to store injectables and biological samples for longer periods. Furthermore, with the sudden outbreak of the coronavirus disease (COVID-19) and the urgency of testing, there is a rise in the adoption of freeze-drying equipment to meet the demand for diagnostic kits. The growing focus of researchers on developing more sophisticated processes that combine freeze drying technology with electron microscopy, biochemistry and refined surgery is anticipated to further drive the market in the coming years.

• Adoption of Freeze-drying for various application to boost market growth

Need for freeze-drying of novel biologic medicines and injectable formulations as well as the growing acceptance of the technique for high-value materials that are delicate and brittle. The growth of the freeze-drying technique has been greatly aided by the pharmaceutical business, and this advancement is made possible by a number of crucial factors, such as the expansion of lyophilization contract manufacturing services and investments in R&D projects

Additionally, as a consequence of changing lifestyles, busy schedules, and increased disposable incomes, consumers are beginning to prefer packaged meals, which is leading to an increase in the usage of freezing drying equipment in the food processing sector. Because they are shielded from moisture, light, and oxygen, freeze-dried products have a longer shelf life and may be stored for prolonged periods of time without losing their quality or texture. However, the stringent standards and laws governing the pharmaceutical and food and beverage industries act as a barrier to the growth of the freeze-drying market. Additionally. Therefore, such application related to the pharmaceutical and food has enhanced the Freeze  Drying Equipment market CAGR across the globe in the recent years.

However, freeze-drying technology's high cost impede growth of the Freeze  Drying Equipment market revenue.

Freeze Drying Equipment Market Segment Insights

Freeze Drying Equipment Product Insights

The Freeze Drying Equipment market segmentation, based on product, includes bench top freeze dryers, and mobile freeze dryers. The mobile freeze dryers Freeze Drying Equipment segment held the majority share in 2021 contribution in respect to the  Freeze Drying Equipment market revenue. This is primarily owing to the ease of use, portability, and multi-functionality benefits. Freeze drying is a method of removing water from perishable products in order to extend their shelf life. The process of freeze drying is required for the frozen water in the material to directly transform into vapor.

January 2023 Kanata-based medical diagnostics company Evik Diagnostics received a nearly $1 million investment from the federal government to scale up production and reduce their energy consumption.This will help Evik Diagnostics ramp up production and modernize their freeze-drying equipment, reducing their energy consumption by165,000 kW annually, equivalent to approximately15 Canadian households.

Figure 2 Freeze Drying Equipment Market, by Product, 2021 & 2030 (USD Million)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Freeze Drying Equipment Type Insights

The  Freeze Drying Equipment market segmentation, based on type, includes Industrial Freeze Dryers, Laboratory Freeze Dryers and General Purpose Freeze Dryers. The Industrial Freeze Dryers segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Food processing and dairy industries can preserve items that are extremely sensitive and cannot be dried via evaporation, due to industrial freeze dryers. These enormous devices can hold vast amounts of food to preserve to create dry items with reliable quality. In the laboratory, the freeze drying process is crucial for stabilizing, storing, or lengthening the shelf life of delicate biological materials. To remove water from sensitive biological products without affecting their chemical structure, laboratory freeze drying is utilized. This enables simple preservation and later reconstitution by the addition of water or solvents. Hence, rising applications of Industrial Freeze Dryers for Freeze Drying type positively impacts the market growth.

Freeze Drying Equipment Application Insights

The  Freeze Drying Equipment market data has been bifurcated by application into Biotechnology, Pharmaceuticals, Food Processing, Surgical Procedures and Others. The Food Processing segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The food can maintain its original size and shape during the freeze drying process with little cell damage. As a result, shrinkage is reduced or completely avoided, allowing the food to be maintained in almost perfect condition for an extended time, which will further drive the product demand in food processing applications.

Additionally, the growth of surgical procedures is majorly driven by the growth in the geriatric population, the rising prevalence of cancer, and the rise in incidences of chronic diseases. Due to the use of freeze-dried platelet-rich plasma (PRP) in surgical procedures, which maintains PRP's efficacy and bioactivity for a longer period of time, the number of surgical procedures will increase, which will fuel demand for freeze drying equipment..

Freeze Drying Equipment Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Freeze Drying Equipment market accounted for USD 2.079 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the Customer requirements in the food & beverage industry are defined by dynamic trends in food preferences, food safety, security issues, and costs. These requirements are changing F&B manufacturers' processing and supply chain models, enabling market interruptions such as product differentiation, consolidation, and a greater emphasis on food safety and security, thereby driving the market growth.

For instance, in 2022, the U.S. pharmaceutical industry's output and sales will be driven by the ongoing  vaccination campaign and unmet demand for both necessary and optional medical treatments. This will also boost the market for freeze drying equipment.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3 Freeze Drying Equipment MARKET SHARE BY REGION 2021 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Freeze Drying Equipment market accounts for the second-largest market share due to the Increased R&D investments, increasing healthcare spending, and the emergence of biologics & biosimilars. According to the EU, France (12.2%) and Germany (12.8%) had the greatest healthcare spending relative to GDP in 2020 among EU Member States. Moreover, the presence of a favorable regulatory environment and reimbursement policies is projected to promote pharmaceutical product demand in this area, helping the expansion of the freeze drying equipment market. Further, the Germany Freeze Drying Equipment market held the largest market share, and the UK Freeze Drying Equipment market was the fastest growing market in the European region

The Asia-Pacific Freeze Drying Equipment Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the presence of major pharmaceutical industries in the region such as Livzon Pharmaceutical Group, Guangzhou Baiyunshan Pharmaceutical Holdings, and Dr. Reddy's Laboratories, Ltd. drives the pharmaceutical industry. hese companies use freeze-drying technology to keep biological products such as biological fluids, medicines, proteins, enzymes, and hormones safe. Freeze dryers extend the shelf-life of a live viral vaccine, which is in high demand by pharmaceutical companies, especially post-COVID-19. Moreover, China Freeze Drying Equipment market held the largest market share, and the India Freeze Drying Equipment market was the fastest growing market in the Asia-Pacific region.

Freeze Drying Equipment Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Freeze Drying Equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Freeze Drying Equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the  Freeze Drying Equipment industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Freeze Drying Equipment industry has provided medicine with some of the most significant benefits. The Freeze Drying Equipment market major player such as GEA Group, Cuddon Freeze Dry, Millrock Technology Inc, Industria Macchine Automatiche S.P.A, Tofflon, Azbil Telstar SLU, MechaTech Systems Ltd., Labconco, and others are working to expand the market demand by investing in research and development activities.

Millrock Technology is an innovator in advanced freeze dryer technology for pharmaceutical, biotechnology, diagnostics, and life science applications. In July 2021, Milrocks Technology, Inc. and Pardue University agreed to create real time sensing devices, computational modeling, and bioanalytical tools for closed loop pasteurization. As a result of this partnership, at Lyohub at Pardue’s Discovery Park, researchers are employing Milrock’s freeze-drying technology as part of an NSF project.

Also, Azbil Corporation manufactures systems, components such as sensors and switches, field devices, and automatic control valves at the Shonan Factory, its primary production base, which is located in the town of Samukawa in Kanagawa Prefecture.  In January 2022, Azbil Technology introduced bench-top lab freeze dryer, Lyoqyest Arctic.

Key Companies in the Freeze Drying Equipment market includes

• GEA Group


• Cuddon Freeze Dry


• Millrock Technology Inc


• Industria Macchine Automatiche S.P.A


• Tofflon


• Azbil Telstar SLU


• MechaTech Systems Ltd.


• Labconco

Freeze Drying Equipment Industry Developments

June 2021 Martin Christ Gefriertockunsanlagen GmbH Partnered with Scanning Electron Microscope Americas to deliver Elementar Americas product line across the U.S. as its sales, service, and support partner.

January 2023 Fertiliser company Plant Doctor has expanded its manufacturing arm with the launch of a new and specialised business AgTech Freeze Drying. Operating from a 220 square-meter site in Biggera Waters, the purpose-built facility has brought additional jobs to the area and provides a continuous supply of exceptional freeze-dried powdered products.

January 2023 High Point University’s Fred Wilson School of Pharmacy has received a generous donation from HPU parent Adam Covitt and his business, Federal Equipment Company. The gift provides state-of-the-art equipment to the school’s Doctor of Pharmacy program.

Freeze Drying Equipment Market Segmentation

Freeze Drying Equipment Product Outlook

• Bench Top Freeze Dryers


• Mobile Freeze Dryers

Freeze Drying Equipment Type Outlook

• Industrial Freeze Dryers


• Laboratory Freeze Dryers


• General Purpose Freeze Dryers

Freeze Drying Equipment Application Outlook

• Biotechnology


• Pharmaceuticals


• Food Processing


• Surgical Procedures


• Others

Freeze Drying Equipment Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America