Lyophilisation to be worth over $500m by 2019

According to a newly published report, the lyophilisation market is projected to be worth $5,121.5 million by 2019.

Key market players are adopting new technology, and the report finds that the industrial freeze dryer is the preferred lyophilisation equipment for mass drying products in the pharmaceutical industry.

Major groups whose strategies are covered in the report include GEA Group, Azbil Corporation, IMA, and SP Industries.

The report looks into lyophilisation on the basis of the various types, applications, and regions with analyses and projections of the market size of each of these segments in terms of value and volume. It also identifies the driving and restraining factors for the lyophilisation market with analyses of the trends, opportunities, burning issues, and winning imperatives.

In 2013, North America was the largest market for lyophilisation, whilst Asia-Pacific was the fastest-growing market, during the review period. This is driven by the technical advancements and rapid growth in the food, pharmaceutical and biotechnology industries in developing countries such as India and China.

The report is available here.