DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gsmx3h/lyophilization) has announced the addition of the "Lyophilization Market by Equipment Type, Industry, Technology & Geography - Global Trends & Forecast to 2019" report to their offering.
The market for lyophilization is projected to reach $5,121.5 Million by 2019, with advancement in technology and rising opportunities in emerging markets such as India, China, and Brazil
In 2013, the North America market was the largest market for lyophilization by equipment. The market in Asia-Pacific region is projected to grow at the highest growth rate during the forecast period.
Lyophilization, also known as freeze-drying, is a dehydration technique in which water present in the given sample is frozen, followed by its removal, initially by sublimation and then by desorption. The process in conducted in lyophilization equipment, which is commonly term as freeze dryer or lyophilizer. This process is frequently used in the food, biotechnology, and pharmaceutical industries to both stabilize and increase the shelf-life of numerous vaccines, drugs, antibodies, and other biological materials. The rapid development in food processing and pharmaceutical industries is driving the demand for lyophilization equipment. Huge investment for the lyophilization equipment, along with cost for infrastructure and maintenance, is restraining the growth of the market.
The lyophilization market is segmented on the basis of industry, which include food, pharmaceutical, biotechnology, surgical procedure, and other industries such as floral preservation, ceramics, and chemical. The food industry dominated the lyophilization market by equipment in 2013 due to the increasing application of lyophilization for preservation of food products.
The lyophilization market is fragmented and competitive market with a large number of market players operating at regional and local levels. The key players in the market adopted new product/ technology launch and development as their preferred strategy. The key players such as GEA Group (Germany), IMA S.p.A. (Italy), Azbil Corporation (Japan), and Millrock Technology, Inc. (U.S.) have been profiled in the report.
Scope of the Report
On the basis of industry, the market was sub-segmented as follows:
- Surgical procedure
- Others (Floral preservation, ceramics, and chemical)
On the basis of type, the market was sub-segmented as follows:
- Industrial freeze dryer
- Laboratory freeze dryer
- Benchtop freeze dryer
- Mobile freeze dryer
On the basis of technology, the market was sub-segmented as follows:
- Tray-style freeze dryer
- Manifold freeze dryer
- Rotary freeze dryer
- Azbil Corporation
- Baxter International Inc.
- GEA Group Aktiengesellschaft
- HOF Enterprise Group
- Industria Macchine Automatiche S.P.A. (IMA S.P.A.)
- Labconco Corporation
- Millrock Technology Inc.
- Optima Packaging Group Gmbh
- SP Industries, Inc.
- Tofflon Science and Technology Co.,Ltd
For more information visit http://www.researchandmarkets.com/research/gsmx3h/lyophilization