Press release
CAGR of 6.72% - 2016-2020 (Key vendors - Cuddon Freeze Dry, GEA, Millrock Technology, SP Industries) By Global Freeze Drying Equipment Market
Description-
Freeze drying is a process that involves the removal of water or other solvents from a frozen product by a phenomenon called sublimation, which occurs when a frozen liquid undergoes a phase change directly to the gaseous phase without passing through the liquid phase. Specialized equipment is required to generate the conditions favorable to the freeze drying process. This equipment can accommodate freeze drying of materials from laboratory-scale projects to industrial production. Freeze drying has been used in numerous applications for many years, most commonly in the food and pharmaceutical industries.
Technavios analysts forecast the global freeze drying equipment market to grow at a CAGR of 6.72% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global freeze drying equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from segments such as product type and geography.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Freeze Drying Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Cuddon Freeze Dry
GEA
Millrock Technology
SP Industries
Other prominent vendors
Labconco
Martin Christ Gefriertrocknungsanlagen
Optima Packaging
Telstar Lifescience
Tofflon Science and Technology
Market driver
Augmented demand for contract manufacturing in pharmaceutical industry
For a full, detailed list, view our report
Market challenge
Capital-intensive nature boosts refurbished equipment
For a full, detailed list, view our report
Market trend
Smart freeze dryers
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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