Global Freeze Drying Equipment Market to Reach US$1.99 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Freeze Drying Equipment market. The global market for Freeze Drying Equipment is forecast to reach US$1.99 billion by the year 2015, driven primarily by new injectable drugs, vaccines and biological products in the pharmaceutical and biotechnology industries. Technology advancements and unique product innovations will also spur overall growth in the industry.

Freeze Drying Equipment: A Global Strategic Business Report

Freeze drying technology/process, also known as lyophilization is considered as the most natural means of food preservation, enhancing food life and preventing it from degradation. Lyophilization has taken major technological strides in recent years, and is actively used due to its innovative designs, affordability, accuracy, and computer/instrument control automation. The process is effectively used for the preservation of floral products, whole animals, microbial cultures, foods, drugs, and even for recovery of items damaged by water during fire and floods. Freeze-drying is a low temperature process and is often preferred over high temperature drying, which could lead to degradation and spoilage. Freeze-drying process is also favored as it is environment friendly, making use of nitrogen as a refrigerant in place of chlorofluorocarbons (CFCs).

The demand for lyophilization is in line with the growth of biotechnology. The market for lyophilized products is expected to grow with the increasing demand for injectable solutions and new biological product introductions in the coming years. With cutting-edge advancements rapidly becoming the norm, lyophilization process would include in-process monitoring, decreased cycle times, increased automation, and processing enhancements. Demand for lyophilization is also high in the field of biopharmaceuticals. Global outlook for the freeze drying technology appears promising with more than 50% drugs manufactured, requiring to be lyophilized. Also, the need for cost-effectiveness, quick stabilization and longer and improved product stability are predicted to boost growth for the technology. The technology itself is forecast to undergo developments extending both applications and performance standards.

Europe stands tall as the single largest market, as stated by the new market research report on Freeze Drying Equipment. Important regions such as Germany, France and UK account for a sizeable share in the overall European market. The US and Japan follow trail as the other significant markets. Asia-Pacific and Latin America hold promise as the fastest growing markets worldwide.

The Pilot & Industrial segment accounts for the largest, mammoth share of more than 85% in the global freeze drying equipment market. Pilot & Industrial segment is also slated to grow rapidly, outpacing the traditionally strong Laboratory market segment through 2015.

Leading market participants in the Freeze Drying Equipment market include Biopharma Process Systems Ltd., Cuddon Ltd, Freezedry Specialties, Inc, IMA Life, Labconco Corporation, GEA Niro, Serail Freeze-Drying Systems, SP Industries, Inc., Telstar Life Science Solutions, Thermo Fisher Scientific, Inc. and USIFROID SA.

The report titled “Freeze Drying Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry outlook, overview, product classification, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia Pacific (excluding Japan), Latin America and Middle East. Market analytics are provided in terms of terms of dollar (value) for product segments including Laboratory and Pilot & Industrial. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Freeze_Drying_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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