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Freeze-Drying Market - Future Growth, Comprehensive Analysis & Key Players

According to the new market research report “Freeze-Drying Market by Type (Tray, Shell, Manifold), Scale of operation (Industrial, Lab, Pilot), Application (Food, Pharma & Biotech), Accessories (Loading & Unloading, Monitoring, Vacuum Systems, Drying Chambers) – Global Forecast to 2025″, published by MarketsandMarkets™, the global Freeze-Drying/Lyophilization Equipment Market is projected to reach USD 7.3 billion by 2025 from USD 4.9 billion in 2020, at a CAGR of 8.2% from 2020 to 2025.

Browse in-depth TOC on “Freeze-Drying/ Lyophilization Market”
134 – Tables
27 – Figures
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The increasing demand for food preservation, rapid growth in contract manufacturing and lyophilization services across the world, rising demand for lyophilized products (especially for the manufacturing of new biologic drugs and injectable formulations), and the technological advancements in lyophilization methods are the major factors driving the growth of this market. On the other hand, the increasing utilization of alternative drying techniques in the pharmaceutical and biotechnology industries and failure to meet the cGMP regulatory guidelines set by regulatory bodies (resulting in recalls of lyophilized products) are expected to restrain the growth of this market during the forecast period
The tray-style freeze dryers segment accounted for the largest market share in 2019.

Based on type, the freeze-drying/lyophilization equipment market is classified into tray-style freeze dryers, manifold freeze dryers, and shell (rotary) freeze dryers. In 2019, the tray-style freeze dryers segment accounted for the largest share of 72.1%. This segment is also estimated to grow at the highest CAGR of 8.2% during the forecast period. Growth in this market is largely driven by factors such as the increasing demand for contract manufacturing and contract lyophilization services in the pharmaceutical industry, the growing commercialization of labile drugs, and the rising demand for freeze-dried food products. Tray-style freeze dryers are also larger than manifold and rotary freeze dryers, enabling them to dry products in bulk.

The industrial-scale lyophilization equipment segment accounted for the largest Freeze-Drying Market share in 2019.

Based on scale of operation, the freeze-drying/lyophilization equipment market is segmented into industrial-scale lyophilization equipment, pilot-scale lyophilization equipment, and laboratory-scale lyophilization equipment. In 2019, the industrial-scale lyophilization equipment segment accounted for the largest share of 68.2% of the market. The large share of this market segment can be attributed to the high standard of quality provided by industrial-scale lyophilization equipment. Industrial-scale lyophilization equipment can also be customized as per process requirements.

The food processing and packaging segment accounted for the largest market share in 2019.

Based on application, the freeze-drying equipment market is segmented into food processing and packaging, pharmaceutical and biotechnology manufacturing, medical applications, and other applications. The food processing and packaging segment accounted for the largest share of 36.3% in 2019. Lyophilization is widely used as a preservation technique for food products, as it retains the nutritional value and flavor of the food. This is a major factor driving market growth. Food ingredients are also freeze-dried to increase their shelf life, which is further propelling the use of this technology in food processing.

The loading & unloading segment accounted for the largest Freeze-Drying Market share in 2019

Based on accessories, the freeze-drying/lyophilization equipment market is segmented into vacuum systems, loading & unloading systems, clean-in-place (CIP) systems, drying chambers, controlling & monitoring systems, freeze-drying trays & shelves, manifolds, and other accessories. In 2019, loading & unloading systems held the largest share of 26.6%; this segment is also expected to grow at the highest CAGR of 10.0% during the forecast period. The high growth of this segment can be attributed to technological advancements in lyophilization equipment, reduced cycle times, and improved productivity and fulfillment of aseptic conditions to meet cGMP regulations.

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Asia –Pacific was the largest regional market for lyophilization equipment market in 2019

The freeze-drying equipment market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2019, the Asia Pacific accounted for the largest share of 34.6% of the market and is projected to register the highest CAGR of 10.4% during the forecast period. The large share of the Asia Pacific regional segment can be attributed to the rising number of investments in this region, growth in R&D expenditure, and geographic expansion of lyophilization equipment companies in this region. Moreover, the presence of major players in the lyophilization market in the APAC region and the expansion of the manufacturing units of leading pharma companies in this region is expected to boost the market growth in this region in the forecast period.

Some of the prominent players in Freeze-Drying Market are GEA Group (Germany), Azbil Corporation (Japan), Shanghai Tofflon Science Technology Co., Ltd. (China), IMA S.p.A. (Italy), SP Industries, Inc. (US), HOF Enterprise Group (Germany), Labconco Corporation (US), Martin Christ Gefriertrocknungsanlagen GmbH (Germany), Millrock Technology, Inc. (US), and OPTIMA Packaging Group GmbH (Germany).
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COVID-19 Impact on Waste Water Treatment in Chemicals and Materials Industry Wastewater treatment involves numerous biological, and chemical process where wastewater that contains contaminants are purified after the removal of the pollutants and the effluent obtained after the purification is cycled back to nature. Although treatment of wastewater normally takes place in a wastewater treatment plant or sewage treatment plant, the capacity, as well as technical capability of the facility varies according to the origin of the wastewater. For instance, wastewater that originates from industries is treated in industrial wastewater treatment plants that are employed with advanced chemical, biological and mechanical pieces of equipment and technologies. Some of the most common classifications of wastewater treatment plants include phase separation, biological and chemical separation, polishing, among others. Since the demand for freshwater is growing exponentially day by day, water treatment or recycling has become a necessity, particularly since urbanization is gaining a stronger pace in emerging economies. As water is an important commodity for human survival and demand for the respective product is expanding. Recycling contaminated water has become of paramount importance. As a result, the global wastewater treatment market is gaining popularity and widespread acceptance across various nooks and crannies of the globe. COVID-19 IMPACT ON GLOBAL WASTEWATER TREATMENT MARKET Even though the COVID-19 pandemic disrupted many a market across the globe and inflicted the global economy with one of the toughest crises after World War II, certain markets benefited from the pandemic from moderate to an extensive scale. The global wastewater treatment market is one such market that gained an additional market push due to the pandemic. Since SARS-CoV-2 viruses are capable of being transferred through water, large-scale treatment of water across cities, municipalities have become extremely important to curtail the spread of the virus. Similarly, the need for proper and advanced wastewater treatment in hospitals has become a major priority for governments as well authorities to contain the secondary spread of the virus. As a result, decentralized wastewater treatment plants with multiple disinfection barriers in quarantine centers, isolation wards, among others are gaining popularity across the post-COVID-19 world. In short, due to the growing demand for clean water for various industrial and human indispensabilities, the overall demand for water treatment has been growing exponentially over the years. Further, the spread of COVID-19 boosted the necessity for proper wastewater treatment in varied segments as the SARS-CoV-2 virus is capable of transferring through water sources. However, due to various restrictions in economic developments and investments such as supply disruptions, and emergency measures implemented by the government, the scale of development in the global wastewater treatment market is lackadaisical. AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET To minimize the damage caused by the pandemic COVID-19 across the globe, various governments are implementing various measures. However, several such initiatives are boosting the demand as well as sales of the global wastewater treatment market. For instance, · After a considerable scientific exploration into the pandemic and the SARS-CoV-2 virus responsible for the pandemic, the presence of SARS-CoV-2 in sewage treatment plants was confirmed. As a result, the executive secretary of Basel, Rotterdam and Stockholm Convention (BRS) argued for the importance of wastewater management, particularly from the medical, household, among others, and named it as an essential public service to ensure minimal impacts on human and environment in the battle with COVID-19. Such governmental safety measures could spread awareness regarding wastewater treatment and could boost the pace associated with the growth of the global wastewater treatment market. Nonetheless, the pace of growth is still significantly primitive due to various socio-economic limitations associated with various parts of the world. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Manufacturers in the global wastewater treatment market experienced several adversities due to obstructions in the production facilities. Manufacturers have taken many strategic decisions such as collaboration and partnerships for the development of efficient technologies and for increasing production rate to meet the market demand once it returns to normal. Utilizing e-commerce and the establishment of local supply chains are also some of the new strategies used by various manufacturers to counter the effects of COVID-19. Moreover, several industries have enhanced information transparency among each other and are working together to help each other to overcome the financial constraints experienced and to increase cash flow into the business. PRICE IMPACT The price of water treatment equipment and accessories is expected to fluctuate due to an expected disturbance caused by the outbreak of coronavirus disease (COVID-19). Such market fluctuations have prompted manufacturers to find new contract manufacturers and suppliers to shift production operations along with new contracts for the supply of raw materials. Due to an increase in production cost and reduction in profit margins due to the shortage in raw materials, components, and difficulties in the commercialization of products, many a manufacturer is increasing prices of their products. For instance, · In June 2021, Ecolab Inc., a global leader in water, hygiene, and infection prevention solutions and services, has announced that a pricing hike of 9% and 15% will be introduced to the company’s industrial segment products effective immediately or as contracts permit due to an escalation of energy and raw material costs, limited availability of raw materials and rising transportation, packaging, utility and personnel costs IMPACT ON DEMAND COVID-19 has induced a multi-layered crisis comprising domestic price fluctuations, the overall decline of external demand, along the collapse of prices that have an impact on supply and demand for goods. The impact of this could be contemplated across the globe irrespective of the market. The COVID-19 pandemic has affected every aspect and sector as COVID-19 is an emerging, rapidly evolving situation across the world. However, several manufacturers in the global water treatment market have been utilizing this opportunity to launch new products and to address the demand created by the global discovery that the SARS-COV-2 virus is capable of transiting through wastewater. For Instance, · Suez Group introduced monitors the presence of SARS-CoV-2 in wastewater networks, capable of detecting the British variant, among others. This system manufactured by the Suez Group is currently being used in around 100 local communities in Spain, utilized by around 13 million inhabitants. Similarly, the same system is employed in100 local communities in France, with 1.8 million inhabitants. The same water treatment system is also utilized in the UK, the US, and Latin America. In short, it is appropriate to conclude that the pandemic, COVID-19 has boosted the overall demand for wastewater treatment plants and equipment across the globe. Nevertheless, the extent of the respective demand growth is relatively limited. IMPACT ON SUPPLY CHAIN The sudden outbreak of COVID-19 and its subsequent impact on restrictions on trade and movement of goods has resulted in a shutdown of vast portions of the global economy. This has in turn disrupted supply chains of the global wastewater treatment market due to the limited availability of materials and workforce. Further, due to the lockdown scenario, and restrictions in international trade, several manufacturers are also facing difficulties in clearing their old stocks. As a result, it could be conclusive to say that overall of the supply chain of the global wastewater treatment market is affected horrendously by the COVID-19 pandemic. Nevertheless, the governmental measures to unlock economies and global trade in recent months could be considered as a sign of shimmering hope for the global wastewater treatment market. CONCLUSION To recapitulate, although COVID-19 has caused a major disruption to many global economies, the pandemic has slightly boosted the demand in the global wastewater treatment market due to the fact that the SARS-CoV-2 virus, that is responsible for the pandemic could spread through savage water. The governmental regulations and initiatives regarding the urgency to curtail the pandemic also have been helping the respective market to grow. However, due to disruptions in supply chains of final products as well as raw materials, the global wastewater market is unable to tap into the demand and sales growth provided by the COVID-19 pandemic. As a result, a large-scale price increase is witnessed in products associated with the respective market. When combining and considering all these factors, it could be concluded that though, the pandemic COVID-19 has been difficult for the global wastewater market, lackadaisical progress could be witnessed for the respective market in terms of demand and sales. However, the respective market is capable of fully unleashing its potential and make excellent economic growth once the current disruptions in supply chains and manufacturing have been retracted.
How COVID-19 Impacted on Wood Based Panel in Chemicals & Materials Industry ?
COVID-19 Impact on Wood Based Panel in Chemicals and Materials Industry The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the greatest medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. The COVID-19 has been declared as a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the situation report of 7th June 2021 by WHO stated 174 million cases of the corona have been reported globally and 3.7 million patients are dead due to the coronavirus. On a slightly positive note, a total of 157 million people have recovered and a total of 1.9 million vaccine doses have been administered as well. Due to the outbreak of COVID-19, demand for wood-based panels from various end-users such as residential & commercial buildings, schools, malls, and hotels is impacted due to the lockdown imposed by various national governments globally. Due to lockdown restriction, all manufacturing activities are put on hold due to lack of labour & raw material supply, which limits the demand for wood-based panels in the market. For all the key segments of the forest sector (wood harvest, sawmills, wood-based panels, pulp and paper, and wooden furniture), the biggest impact from COVID-19 was the disruption of cross-border trade, which sharply dropped in the first three quarters of 2020 compared to the same period of the previous year. Aftermath of COVID-19 and Government Initiative to Boost the Market After the COVID-19 pandemic, the wood-based panel market is expected to gain momentum due to the increasing demand from various end-users. Government of an economy and their policies plays an important role in revamping the global economy back to its anterior state. Currently, many policies are being formulated by governments for creating employment along with the utilization of resources for bringing production and sales in the market back to their previous glory. During the pandemic, various nations’ governments took immediately drastic steps to curb the increase in contamination with COVID-19 by restricting travel, closing international borders. While the various government has eased restrictions to allow the manufacture and export/import of the various goods. For Instance · European commission has issued a decision that allows for import duty and VAT relief for goods to combat the COVID-19 outbreak. Relief from import duties and VAT for goods to combat the COVID-19 outbreak is issued in Europe as a government measure to boost the country’s economy However, the governments of various nations are also trying to revive the economy with strategic decisions such as revival package of initiatives to support the small, medium, and large industries, including guaranteed loans, the micro to medium-sized enterprises were provided government support for workers’ wages, to cover interest payments on loans and to provide operating capital. Other benefits include deferral of payments on corporate income tax for businesses, including the elimination of interest payments on outstanding loans for up to three months. Strategic Decision for Manufactures after COVID-19 to Gain Competitive Market Share Although the COVID-19 pandemic has disrupted the global economy, various manufactures are trying to take market share in the region with their various CSR programs. Various international organizations of wood-based panels are also holding a virtual conference to look at furniture & design trend movements, the performance of global wood-based panel markets, and an update on innovative technologies in the wood-based panels. For instance: · Wood-Based Panels International (WBPI) holds a half-day virtual event on May 11, 2021, to look at how the international wood-based panels industry has adapted to the current pandemic, with a special focus on furniture trends Impact on Price COVID-19 has complicated the situation by depressing the various industry sectors' growth across the globe. The economic downturn weakens the demand in local as well as global markets. Due to the spread of the COVID-19 pandemic, the price of the raw materials increased drastically which in turn increased the price of lumber panels. Other factors that put upward pressure on lumber prices are the increasing cost of manufacturing and transportation. Various stakeholders are involved in the production chain of procuring, harvesting, transporting, and processing logs into lumber. Labour shortages during COVID-19 caused an increase in labour cost which has transferred to the price of lumber. For instance: · According to Random Lengths, the price of framing lumber rose to USD 1,494 per thousand board feet (mbf) in May 2021, a 250% increase when compared to USD 427 per mbf a year ago. Meanwhile, the price of structural panels jumped to USD 1,657 per thousand square feet (msf) from USD 414 over the same period, a 300% increase Impact on Demand The nationwide lockdowns imposed by the government of different nations. Most of the people are stuck at home, working from the home beginning in March 2020 encouraged many people to perform home repairs or upgrades such as outdoor decks or new wooden furniture. The high demand for houses, lower interest rates, investments in rental real estate, have resulted in high demand for lumber and structural panels. For instance: · To support the economy during COVID-19, the U.S. Federal Reserve decreased the federal funds rate to zero in March 2020, which encouraged people to enter the housing market. Historically low-interest rates have contributed to high housing demand which, in turn, raises lumber prices Impact on Supply Chain Due to the outbreak of COVID-19 globally, supply chain partners have experienced their challenges and may not be able to fulfil orders on time during the pandemic. This is primarily due to the restrictions on the movement of transportations across different countries as well as within the countries. Most of the industries are lacking workforce availability for production whereas some industries are not able to get the orders due to less demand in the market from the end-users. So overall this pandemic has affected very badly on most of the industries across the globe. For Instance: · As per a survey conducted by the Institute for Supply Chain Management on the European supply chain, it is found that nearly 75% of companies reported supply chain disruptions due to the corona virus-related transportation restrictions. In this way, the lack of workforce and demand for products from end-users has disrupted the supply chain network of the industries. Conclusion Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to CnM markets. The first wave of the COVID-19 has affected most North American & European countries such as the U.S., Mexico, Germany, France, Spain, and the U.K., among others. This pandemic has led to a disturbance in the demand and supply of wood-based panels from the end-users. Currently, the second wave of the COVID-19 is going on and it has again disturbed the economic development in the region. However, now governments are trying to get more and more people vaccinated so that spread of the virus can be controlled and economic disruption can also be minimized as compared to the first wave of the COVID-19. Ongoing relaxation in lockdown across the various regions such as North America & Europe is expected to help in the revival of the global market.
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Cell-based Assays Market Expected to Reach $22.0 billion by 2025
The growing preference for cell-based assays in drug discovery, increasing funding for cell-based research, and growth in the number of drug discovery activities are the key factors supporting the growth of the market.   The cell-based assays market is projected to reach USD 22.0 billion by 2025 from USD 14.9 billion in 2020, at a CAGR of 8.1% during the forecast period. However, the growth of the market is likely to be restrained by factors such as the high cost of instruments, restrictions on reagent use, and the lack of infrastructure for cell-based research in emerging economies.  Due to the pandemic, companies have scaled up R&D efforts to develop a vaccine and drugs against the SARS-CoV-2 virus. Vaccine-related research activities in pharmaceutical & biotechnological companies, research centers, and academic research institutes are considered essential and have been largely unaffected in operations and output.  The players operating in the market are altering their long-term and short-term growth strategies by tapping into opportunities prevalent in the research market by developing innovative products to combat the pandemic. The increased demand for research on COVID-19 has created a large scope for cell-based 45 assays in viral infection research, vaccine development, and overall drug discovery for both researchers and laboratories.  Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=119917269 Cell-based assays are employed to shorten the time and increase the throughput needed for these assays. This has significantly increased the demand for cell-based assays to provide an early indication of the toxicity characteristics of the drug candidates.  Cell-based assays are key components in the drug development process. Cell-based assays have several advantages over in vitro biochemical assays. They offer consistent tissue-specific responses in a biologically relevant microenvironment as opposed to biochemical assays.  It is also not possible to prepare or purify every target for biochemical measurement, which is a major factor limiting the applications of biochemical assays. As a result, pharmaceutical & biotechnology companies as well as CROs are replacing biochemical assays with cell-based assays for their lead identification and optimization processes in drug discovery.  The prominent players operating in the cell-based assays market are Danaher Corporation (US), Thermo Fisher Scientific (US), Merck KGaA (Germany), Becton, Dickinson and Company (US).  Research Developments Analysis 1. In 2020, Danaher Corporation (US) launched ImageXpress Micro-confocal High-content Imaging System. 2. In 2020, Thermo Fisher Scientific (US) acquired Phitonex, Inc. (US). The acquisition of spectral dye platform manufacturer Phitonex will enable Thermo Fisher to offer greater flow cytometry and imaging multiplexing capabilities in protein and cell analysis research. 3. In 2020, Charles River Laboratories entered into a multi-year drug discovery collaboration with Karuna Therapeutics, a US-based CRO, to expand its drug discovery capabilities. 4. In 2020, Danaher Corporation completed the acquisition of GE Healthcare’s biopharma business and was renamed as Cytiva. 5. In 2018, Lonza Group AG (Switzerland) established its Collaborative Innovation Center in the new Life Science Park on the outskirts of Haifa, Israel. This center focuses on the R&D projects of Lonza’s Pharma Biotech & Nutrition segment.
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