The broadening biopharmaceutical industry and other major driving factors is expected to favour the rise in the global pharmaceutical freeze drying market
Reports and Insights has published a new report titled, “Pharmaceutical Freeze Drying Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Pharmaceutical Freeze Drying Market, By Free Dryer Types (Moving Tray, Non-Moving Tray), By Drug Type (Vaccines and antibodies, Penicillin, Blood plasma, Proteins, Enzymes, Hormones, Viruses and Bacteria), By Application (Injectable Dosage, Diagnostics, Solid Oral Dosage, Others), By System Type (Open Loop, Closed Loop), By Type of Lyophilization Equipment (Loading & Unloading Systems, Controlling & Monitoring Systems, Vacuum Systems, Clean-In-Place (CIP) Systems, Drying Chambers, Freeze Drying Trays & Shelves, Manifolds, Other accessories) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global pharmaceutical freeze drying market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
The freeze drying technique has now become a standard approach that is majorly employed to store, stabilize or increase the shelf life of biologicals and other drug products, including cells and tissues, vaccines, hormones, and more such products. Thus, the pharmaceutical freeze drying technique has numerous crucial uses in the biotechnology and pharmaceutical industries, which is projected to boost the market growth expeditiously in the future years.
In addition to that, freeze drying has a number of beneficial factors, owing to which it gains numerous applications across pharmaceutical and biotechnology industries worldwide. Freeze drying helps in drying the biologics and drug products which are delicate, heat-sensitive and unstable, at low temperatures without destroying their physical framework. Also, freeze-dried products can be restored easily and quickly, which is specifically valued in the event of contingency antibodies and vaccines, which are required to be governed as swiftly as possible. Such factors are further expected to positively impact the growth of the global pharmaceutical freeze drying market in the forthcoming years. However, increased set up and upkeep cost is likely to hamper the market growth in the coming years.
Reports and Insights Study identifies some of the key participating players in the pharmaceutical freeze drying market globally are ABB, GEA Group, Azbil Corporation, Industria Macchine Automatiche S.p.A., SP Industries, Inc., HOF Enterprise Group, Labconco Corporation, Martin Christ Gefriertrocknungsanlagen GmbH, Millrock Technology, Inc., OPTIMA Packaging Group GmbH, BÜCHI Labortechnik AG, Scala Scientific B.V., Zirbus Technology GmbH, Biopharma Process Systems Ltd., MechaTech Systems Ltd., Cuddon Freeze Dry, Freezedry Specialties, Inc., Freeze Drying Systems Pvt. Ltd., Lyophilization Systems Ltd., among others.
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