MarketsandMarkets Presents
Lyophilization Equipment Market worth 5.47 Billion USD by 2020
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The report
Lyophilization Equipment Market by Technology (Manifold, Rotary), by
Application (Food Processing and Packaging, Medical Applications, Pharma and Biotechnology), by Accessories (Vacuum Systems, Manifolds, Drying Systems) - Global Forecast to 2020 , analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World. Browse: 111 market data tables 43 figures 171 pages And in-depth TOC on ÍžLyophilization Equipment MarketÍ&#x;
Download The PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=233155791 This report studies the global lyophilization equipment market during the forecast period of 2015 to 2020. The global lyophilization equipment market is expected to grow at a CAGR of 7.4% during the forecast period, and reach USD 5.47 Billion by 2020. http://www.marketsandmarkets.com/Market-Reports/lyophilization-market-233155791.html
Growth in this market is attributed to rising demand of lyophilized products and preserved food, growth in contract manufacturing services, and technological advancements in lyophilization techniques. However, high cost of setup and maintenance of the equipment, and strict regulatory guidelines that need to be followed in this process could restrain the growth of this market to a certain extent.
Talk To Our Research Experts@ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=196787732 The global lyophilization equipment market is segmented by technology, scale of
operation, application, accessories, and region. This report also discusses the key drivers, restraints, opportunities, and challenges for this market.
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On the basis of technology, the market is segmented into tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers. The market based on scale of operation is segmented into industrial-scale, pilot-scale, and laboratory-scale.
On the other hand, the market on application is divided into food processing and packaging, pharmaceutical and biotechnology manufacturing, medical applications, and
others. The accessories market is further segmented into loading and unloading systems, control and monitoring systems, vacuum systems, CIP systems, drying chamber, freeze drying trays/shelves, manifolds, and others.
In 2014, the tray-style freeze dryers market accounted for the largest share of the lyophilization equipment market based on technology.
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This is majorly due to its wide applications in the pharmaceutical and food industries. Rising focus on contract manufacturing services and growing commercialization of labile
drugs are further expected to drive the growth of this market.
On the basis of region, the lyophilization equipment market is broadly segmented into North America, Europe, Asia-Pacific, and Rest of the World. Presence of large number of manufacturing facilities, and rising R&D activities has led to the high shares of Asia-Pacific
region in this market. This region is also expected to grow at the highest CAGR, owing to the rising investment by the major companies in the emerging markets.
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Major players in the lyophilization equipment market include SP Industries, Inc. (U.S.),
Azbil Corporation (Japan), GEA Group (Germany), Industria Macchine Automatiche S.P.A
(Italy),
Tofflon
Science
and
Technology
Co.
Ltd
(China),
Martin
Christ
Gefriertrocknungsanlagen GmbH (Germany), Labconco Corporation (U.S.), Hof Enterprise
Group (Germany), Millrock Technology Inc. (U.S.), and Optima Packaging Group GmbH
(Germany).
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