MCP-3518: FREEZE DRYING EQUIPMENT – A GLOBAL STRATEGIC BUSINESS REPORT

Global Freeze Drying Equipment Market to Reach $1.79 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

The global freeze-drying equipment market is projected to grow at a compounded annual rate of over 3.6% over the period 2000 through 2010, to reach $1.79 billion by the year 2010.

San Jose, California (PRWEB), April 28, 2008 -- Freeze-drying is a low temperature process and is often preferred over high temperature drying. Freeze-drying is environment friendly, because it makes use of nitrogen as a refrigerant in place of chlorofluorocarbons (CFCs). Asia-Pacific freeze drying equipment market holds significant potential in terms of revenues growth. Revenues from this region are projected to grow at 6.74% during the period 2011 through 2015.

Freeze-drying equipment are largely versatile and can be used for a wide range of applications. Food and pharmaceutical are the largest end-use markets for freeze-drying equipment. Other areas of application include pharmaceuticals such as vaccines and antibiotics; biological processing, which include blood fractions, animals, and insects; chemicals; food products, mainly in the manufacture of coffee; and metallic powders. Food processing is the largest market for freeze-drying equipment and is one of the best ways to preserve foods, as the natural flavor and appearance of the food is not lost.

In the coming years, the market for lyophilized products is expected to grow with the increasing demand for injectable solutions and new biological product introductions. With advancements taking place, the lyophilization process would include in-process monitoring, decreased cycle times, increased automation, and processing enhancements. Pilot & industrial freeze drying equipment market in Europe and is projected to cross $780.51 million by the year 2015.

Key players dominating the global freeze-drying equipment market include Biopharma Process Systems Ltd, Freezedry Specialties, IMA Edwards Pharmaceutical Systems, Labconco Corp, Niro A/S, Serail Freeze Drying Systems, SP Industries, Thermo Fisher Scientific Inc, and USIFROID SA.

The report titled “Freeze Drying Equipment: A Global Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of the major factors influencing freeze-drying process, major end-use markets, components of freeze-drying equipment, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments – Laboratory and Pilot & Industrial.

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