NewswireToday - /newswire/ -
Wilmington, DE, United States, 2015/03/16 - This report focuses on the lyophilization market by equipment. The research study categorizes the market on the basis of industry, equipment type, technology, and region - MarketsAndMarkets.com.
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 is projected to reach $5,121.5 Million by 2019. In 2013, North America was the largest market for lyophilization equipment. Asia-Pacific is the fastest-growing market for lyophilization 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.
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.
MarketsandMarkets (marketsandmarkets.com) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.