Wednesday, 15 April 2020

Viscosupplementation Market SWOT Analysis of Top Key Player & Forecasts 2026

The global viscosupplementation market is estimated to reach USD 6.9 billion by 2026 growing at a CAGR of 8.9% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Viscosupplementation Market Share, Size, Trends & Industry Analysis Report By Product Type (Single injection, Three injection, Five injection); By Application (Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis); By Regions, Segment Forecast, 2020 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

Due to growing geriatric population globally and due to increasing occurrences of osteo arthritis, injuries, gingivitis, & abscess, this market is anticipated to gain traction. According to assessment done by WHO, the population of people who are of the age of 65 g and above globally would increase significantly from 7% in the year 2000 and is estimated to grow to 16% by 2050. This significant growth in the elderly population would result in the increased problems of obesity and osteo arthritis, which would indirectly help this market to gain traction during the forecast period.  Together with expanding choice for minimally intrusive surgical procedures, worldwide rise in the target populace is anticipated to substantially push the need for viscosupplements throughout the forecast duration.


Geographically, North America is estimated to be the largest viscosupplementation market in 2019.  According to Centers for Condition Control as well as Avoidance (CDC) in 2015, over 30 million individuals in the United States experienced osteo arthritis and also around 10% individuals over 55 years endured knee discomfort. These growing numbers are pushing the market growth in this region. Asia Pacific on the other hand is anticipated to be the fastest growing market in 2017 and is estimated to preserve its placement throughout the projection period. This growth rate can be made up by the visibility of a considerable growing base of senior citizens, which is vulnerable to problems such as osteo arthritis as well as rheumatoid joint inflammation. Increasing demand for minimally intrusive treatments is a considerable element adding to the growth rate of Asia Pacific. The Latin American market is anticipated to expand at a rewarding pace in the coming years because of the visibility of high unmet clinical requirements, increasing disposable income and growing awareness among the patients in economies such Brazil and Mexico.

Among the viscosupplementation products, three injection products are estimated to be the largest segment of the viscosupplementation market. Affordability and shorter therapy duration are some the major factors which are pushing the growth of this product segment. This is closely followed by the single injection.  


Major companies operating in the market are focusing on incorporating modern technologies to make innovative viscosupplements. For instance, Anika Therapeutics introduced HYAFF, which aids in production of very efficient biocompatible viscosupplements. The FDA authorized hyaluronates presently offered in the viscosupplementation market are Hyalgan (Sanofi), Euflexxa (Ferring Pharmaceuticals, Inc.), Orthovisc (Anika Rehabs), Supartz, Gel-One (Seikagaku Company), Synvisc, Synvisc One (Genzyme) and also Durolane (Q MEDICATION ABDOMINAL). Some of the major players in this market include Seikagaku Corporation, Lifecore Biomedical, LLC, Zimmer Holdings Inc, Bioventus, Ferring B.V., Sanofi, Anika Therapeutics, Inc., and LG Life Sciences Ltd.


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Medical Tourism Market Incredible Possibilities and Growth with Industry Study, Detailed Analysis and Forecast to 2026

The medical tourism market is anticipated to reach over USD 31.21 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global medical tourism market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

There has been a great demand for medical tourism in the years. Hence, attracting the international customers has been a great challenge for the companies to attract the medical travelers. These companies have potential strategies that help in creating number awareness in the target audience. This strategy has helped successfully building the brands and has influenced the market growth in the recent past. Furthermore, the patients travelling for medical to the developing countries due to affordability, better and higher level of quality of healthcare to also boost the medical tourism market in the coming years.


Considering, the cost factor for the healthcare in the U.S. continues to rise. According to the Visa and Oxford Economics, the figure of will grow up to 25% in coming years. Also, this increase would cover various treatment range like orthopedic surgeries, dental work, and cosmetic surgery. However, issues with the patient follow-up and post surgical complications, and different standards for the treatment in various countries would impede the medical tourism market growth.

Asia-Pacific generated the highest revenue in the medical tourism market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, accessibility of healthcare facilities, increasing number of medical facilities for international patients are the primary factors driving the market growth in this region. Additionally, decreased cost of various treatment procedures in the countries across Asia Pacific to also boost the market growth in coming years. Moreover, India is considered to be the leading market followed by Brazil in the medical tourism market during the forecast period. In addition to this, Turkey is considered to be strong contender in the market, owning to zero waiting time for the treatment with a quality healthcare facility.


The key players operating in the medical tourism market include Bumrungrad International hospital, Apollo Hospitals Enterprise Limited, KPJ Healthcare Berhad, Prince Court Medical Center, Raffles Medical Group, Fortis Healthcare, and Samitivej Hospital. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


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Cyber Security Market Technology, Application, Geography – Analysis and Forecast 2020-2026

The cyber security market is anticipated to reach over USD 269.76 billion by 2026 according to a new study published by Polaris Market Research. In 2019, the enterprise segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2019.

The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions. The rising penetration of mobile devices, and increasing trend of BYOD further support the growth of this market. Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based cyber security solutions would accelerate the growth of the cyber security market. However, However, growing use of pirated cyber security solutions, and complexities associated with device security hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.


The cases of cyber-attacks in the healthcare sector have increased significantly over the years. The high demand for electronic health records in the black market has resulted in numerous cyber-attacks. The healthcare sector is prone to cyber-attacks owing to limited budget allocation by healthcare institutions for cyber security. The healthcare sector is dominated by small practices and rural hospitals, which lack the resources for investment in cyber security, thereby increasing risks of cyber-attacks. However, introduction of affordable cyber security solutions for healthcare sector, increasing awareness, and growing incidences of cyber-attacks are expected to promote the adoption of cyber security in this sector.

North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The increase in number of cyber-attacks, and growing trend of BYOD drive the market growth in the region. The growing penetration of mobile devices, and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for data privacy across various industries in the developing countries of the region.

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The end-users in cyber security market include BFSI, IT & Telecom, healthcare, retail, defense and government, travel and hospitality, and others. In 2019, the defense and government segment accounted for the highest market share owing to increasing need to protect sensitive data and avoid cyber-attacks. The growing government spending to provide enhanced cyber security to the public sector and increasing implementation of cyber security installations in the defense sector, especially in developing countries, supports the market growth in this sector. The increasing adoption of cloud-based cyber security in this sector is expected to support market growth in the coming years.

The well-known companies profiled in the report include Symantec Corporation, Cisco Systems Inc., BAE Systems Inc., EMC Corporation, Hewlett-Packard Enterprise, Intel Security, Palo Alto Networks, Proofpoint Inc., LogRhythm Inc., IBM Corporation, Fortinet, Inc., and Centrify Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


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Blockchain Technology Market Share Worldwide Industry Growth, Size, Statistics, Opportunities and Forecast

The global blockchain technology market is anticipated to reach USD 16.82 billion by 2026 according to a new study published by Polaris Market Research. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse the transaction history. Blockchain also eliminates the need of third-party verifications since the ledgers are shared by all the parties over the distributed network. These are some of the major factors for adoption of blockchain technology.

Blockchain technology is currently being adopted majorly by the financial institutions due to its benefits such as reduced infrastructural costs for reconciling statements, data management settlements etc. It has also been proven beneficial to increase the transactional speed by eliminating the need of trusted third party. Bitcoin uses cryptography for securing its ledgers, thus ensures high security platform for the transactions.


Adoption of blockchain is not limited to the financial sector, however it is being implemented across different verticals. For example, with blockchain’s extended support for Internet of Things (IoT), the technology and telecom vertical is implementing blockchain for initiating a better coordination between different devices. This sector is also benefitting from blockchain because of its feature to eliminate the processing fees which gets levied by third parties. Healthcare vertical is also focusing on blockchain for securing its important and sensitive data and documents and for securing its digital assets. 
  
The adoption of blockchain can be clearly seen in the North America followed by Europe at a fast pace. However, the market for blockchain is gaining traction in Asia Pacific region owing to the developing economies such as India and China adopting this technology. Countries such as Australia have already adopted this technology and are developing a private blockchain for its stock exchange’s clearing and settlement process.

Key Findings from the study suggest the largest share of this market in 2019 was of North America, as there are a fundamentally high number of ventures adopting the blockchain technology. The technology will have the capacity to help IoT applications in technology and telecom sector along with the enhanced payment solutions. 

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The healthcare segment will adopt this this technology owing to secure their sensitive information. Asia Pacific market is anticipated to grow at a faster pace because of its changing financial framework which drives the demand for secure and low-cost online payment transfers. Speculations have been that more companies would invest in this technology, thus tapping the huge potential in this market. Companies such as Chain Inc., Ripple, Eric Industries, Microsoft, Circle Internet Financial Limited, R3, Samsung, Deloitte, IBM, Deloitte, Linux Foundation, BTL Group, are some of the prominent players in this market. 


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Tuesday, 14 April 2020

Medical Disposable Market Trends Analysis, Top Manufacturers, Shares, Growth Opportunities and Forecast

The medical disposable market is anticipated to reach over USD 365.1 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the drug delivery dominated the worldwide medical disposable industry. Asia-Pacific is anticipated to be the leading contributor to the global market revenue in 2017. The upward momentum of medical disposable in the hospitals, outpatient facility and other healthcare providers. The medical disposable market is primarily driven by increasing number of elderly populations, increasing need to limit the causes of infection, better performance, cost reliability, shelf life, and material. The reusable devices are considered to be relatively inexpensive in many different types, and increasing volume of production by the key players globally would also influence the market growth in the coming years.

Increasing number of technologically advanced products, and continuous research and development to also drive the market growth. Furthermore, increasing awareness in the patients for the use of medical disposable devices to also boost the market growth in the coming years. Also, increasing number of chronic diseases across the globe would also boost the market growth in the coming years.


Based on the product type the medical disposable market is segmented as Wound Management, Drug Delivery, Dialysis, Nonwoven Incontinence, Respiratory Supplies, Diagnostic and Laboratory, and Sterilization. Similarly, on the basis of raw material, the market is segmented as Paper and Paperboard, Plastic Resin, Nonwoven Material, Metals, Glass, and Rubber. Plastic Resin is expected to be the fastest growing segment owning to its various application. End user for the medical disposable devices include Hospitals, Outpatient/Primary Care Facilities, and Home Healthcare.
  
North America generated the highest revenue in the Medical Disposable market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand healthcare facilities, increasing number of geriatric populations, and continuous mergers and acquisitions of the key players in the U.S. and Canada. Asia Pacific to also boost the market growth in coming years. The developing healthcare infrastructure of the countries in this region to be the major factor promoting the growth of this market during the forecast period. 

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The key players operating in the Medical Disposable market include Johnson & Johnson Services, Inc., 3M, Abbott Laboratories, Medtronic Plc., B. Braun Melsungen AG, Bayer AG, Smith and Nephew Plc., Medline Industries, Inc., Cardinal Health, and Becton, Dickinson & Company. The industry participants launch novel products with collaboration and partnership agreements with other companies to innovate and launch new products to meet the increasing needs and requirements of consumers.

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India Sugarcane Harvesters Market Opportunity, Demand, recent trends, Major Driving Factors and Business growth

The India sugarcane harvester market size is expected to reach USD 350.04 Million by 2026 according to a new study by Polaris Market Research. The report “India Sugarcane Harvesters Market Share, Size, Trends, Industry Analysis Report By Type (Chopper Harvester, Whole Stalk Harvester), By Swath Width (Single Row, Multiple Row); By Product (Self- Propelled, Tractor Mounted), By Ownership (Owned, Leased/Hired), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

India sugarcane harvester market is projected to witness a significant growth over the forecast period. Introduction of advanced machinery modified to suit Indian soil conditions is a major market driver. For example, to ensure unhindered visibility for the machine operator to ensure efficient performance, products having AC and dust proof cabins have been developed which integrate all the latest technologies to provide high comfort to the machine operator. Such trend of eliminating drawbacks has benefitted the overall market growth.


The India sugarcane harvester industry is highly consolidated and a majority of market share is occupied by three market participants namely, New Holland Fiat (India) Pvt. Ltd. (CNHI), Tirth Agro Technology Private Limited, and Deere & Company (John Deere India Pvt. Ltd.). The industry is characterized by high barriers to entry due to the huge initial capital investment required.

Regional governments have also taken steps to boost the setting up of Custom Hiring Service Centers to boost the usage of sophisticated farm equipment such as mechanized sugarcane harvesters. The government has expressed interest and issued directives in the setting up of 164 hobli level (village level) centers across 64 districts. For the year 2018-2019, the department of agriculture has already started the process to establish 310 custom hiring centers for the year 2018 to 2019 and has already sought budgetary provisions for the same. Maharashtra Government has also taken special and concentrated efforts to boost the usage of mechanized sugarcane harvesters in the state.

High cost is the only challenge posed by market participants. This factor is considerably restraining the overall market growth. On an average, these machines in India costs around INR 85 lakhs to INR 1.4 crore which is not affordable to a majority of sugarcane farmers across the country. However, development of indigenous products having low cost is expected to fuel the market growth.

  
Companies such as John Deere have introduced novel technologies in the market which are benefitting both the farmer and sugar factories alike. One such technology is the harvest monitor technology introduced by John Deere. The technology aids to gather and analyze information pertaining to harvest such as amount that has been harvested, percentage of trash, fuel consumption, and the overall productivity. This data is particularly useful to calculate the overall efficiency. The technology also helps to make informed decisions regarding water management, layout of crops, chemical usage among others.

Mechanical harvesters are proving to be a good solution to both farmers as well as sugar factories. If the overall labor requirement for sugarcane cultivation is considered, harvesting constitutes a large share. The job is tedious, requires great energy and is characterized by low pay thus resulting in labor shortage. However, this shortage of labor can be successfully bypassed by using these machines. Sugarcane factories particularly in West India have taken advantage of this scenario.


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Platinum Based Cancer Drugs Market Detailed Analysis of Current Industry Figures with Forecasts Growth by 2026

The global platinum based Cancer drugs market size is expected to reach USD 1,814.1 Million by 2026 according to a new study by Polaris Market Research. The report “Global Platinum Based Cancer Drugs Market Share, Size, Trends, Industry Analysis Report By Drug Type (Cisplatin, Oxaliplatin, Carboplatin, Other), Application (Colorectal, Ovarian, Lung, & Other Cancer); By Regions, Segments & Forecast, 2019 – 2026”gives a detailed insight into current market dynamics and provides analysis on future market growth.

Drugs based on platinum have become a major component of cancer therapy; about half of all patients undergoing chemotherapy receive a platinum drug. The widespread use of platinum agents in cancer treatment started with Barnett Rosenberg’s discovery of cisplatin’s antineoplastic activity in the 1960s.


According to the National Cancer Institute, the instances of new cases per year is expected to rise to 23.6 million by 2030. Nevertheless, the major limitations of this industry worldwide are the drug-related side effects and resistance growth. Recent developments in platinum based cancer drugs include the development of analog platinum drugs such as platinum carrier molecule complexes to boost targeted concentration of drugs in cancer tumor. This increasing number of cancer instances is expected to drive the growth of the global platinum cancer drug market during the forecast period.

The platinum based cancer drugs market can be categorized in terms of product type as oxaliplatin, cisplatin, carboplatin, and others. Cisplatin is the most commonly used for treating certain malignancies. It is particularly effective in testicular cancer and is intravenously administered. Carboplatin, a derivative of cisplatin, is used to treat multiple cancers like ovaries, lungs, brains, and so on. Cisplatin’s segment maintained the largest market share in 2018 and is expected to remain dominant over the forecast period. Based on application, the global market is divided into ovarian, lung, testicular, colorectal, and other cancer. The lung cancer segment dominated the market in 2018 due to the high incidence among the world’s population.


Due to enhanced disease prevalence, enhanced awareness, increased per capita income, and enhanced health care infrastructure, the Asia Pacific market is anticipated to develop at the largest CAGR. North America dominated the global market in 2018 due to the high incidence of cancer in the region, developments in these drugs and recent FDA approvals. United States is the world’s largest drug market. This has led to the dominance of North America in the global platinum cancer drug market. The U.S. pharmaceutical industry is the largest domestic market in the world. It is the world’s biggest continental pharmaceutical market together with Canada and Mexico. More than 45 percent of the worldwide pharmaceutical industry is held by the United States alone. This share was valued at approximately $446 Million in 2016. Many of the top worldwide firms are from the U.S. In 2016, six out of the top 10 firms were based on sheer pharmaceutical income from the United States.

Major players in the platinum cancer drug market include Sanofi, Pfizer, Inc., Mylan N.V., Ask-Pharma, Sun Pharmaceutical Industries Ltd., Accord Healthcare, Novartis AG, Teva Pharmaceutical Industries Ltd., Guizhou YiBai Pharmaceutical Co., Ltd., SK Chemicals, Qilu Pharmaceutical Co., Ltd., Dr. Reddy’s Laboratories Ltd., Debiopharm Group, and Jiangsu Hengrui Pharmaceutical Co., Ltd


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Picture Archiving and Communication Systems Market Segmentation, Analysis by Recent Trends, Development by Regions 2026

The global Picture Archiving and Communication Systems (PACS) Market is anticipated to exceed USD 3 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the cloud-based segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market in 2017.

Picture archiving and communications systems (PACS) is a term used for clinical or medical imaging technologies that allow exchange and storage of images across multiple sources. Such system provides cost-effective and manageable access to stored images via several source modalities such as PET (positron emission tomography), X-ray plain film, ultrasound, CT (computed tomography), nuclear medicine, and MRI (magnetic resonance imaging).
The leading companies profiled in the Picture Archiving and Communication Systems (PACS) Market report include FUJIFILM Medical Systems, Carestream Health, Agfa-Gevaert Group, INFINITT Healthcare Co. Ltd., Merge Healthcare Solutions Inc., Mckesson Corp., GE Healthcare, Koninklijke Philips N.V., Sectra AB and Siemens Healthineers. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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The PACS market includes several opportunities that continue to develop with the advancement of healthcare practices. Thus, the development of scalable and interoperable PACS is a significant opportunity for the PACS market. Increasing demand for the digital medical records with patient images, and impart this information to health exchange platforms, is expected to mark the significant market growth of PACS market during the forecast period the forecast period. The cloud-based system is a relatively new concept, and is estimated to grow continuously at a constant during the forecast period. However, the global Picture Archiving and Communication Systems (PACS) Market also face several challenges relating to effective yet secure integration and transmission of medical images and patient data between radiologists and other medical specialists.

Geographically, the existence of several PACS manufacturing corporations in North America is anticipated to play a vital role for cloud-based PACS segment in the North American PACS market. Moreover, Cloud-based PACS segment is estimated to witness healthy growth in European and Asia Pacific Market due to the increased usage of cloud-based PACS majorly in diagnostic centers and large hospitals in these regions.
  

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High end Lighting Market Segmented by Product, Top Manufacturers, Geography Trends and Forecast

The global high-end lighting market size is expected to reach USD 25.3 billion by 2026 according to a new study by Polaris Market Research. The report “High-end Lighting Market Share, Size, Trends, Industry Analysis Report By Light Source (HID, LED, Fluorescent Lights), Application Type (Wired, Wireless); End-user (Industrial, Commercial, Residential and Others); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Lighting market has witnessed a huge transformation in the past few years due to the introduction of LED lights. The high-end lighting market is sure on transition state from traditional lighting technologies. However, the global events have given clear contours to the advancements in lighting industry, causing a shift in some of the parameters in the past few years. Introduction of stringent regulations pertaining to usage of energy saving lights has led to augment in usage of energy efficient lights such as LED as well.  


The inclination towards smart homes that are connected has led to massive transition in the demand for high-end lighting in the past few years. The introduction of standardized deviation color matching systems (SDCM) is also one of the major factors driving growth of high-end lighting market. Technological advancements in the lighting market coupled with introduction of green lighting systems has also fueled the growth in demand for these high end lighting, thereby driving the growth of the market. Major players in this market can focus on cross industry expansion, thus bring in new opportunities in terms of revenue.

Wireless high-end lighting technology are anticipated to enjoy a very bright future. The high-end lighting market is dominated by wired systems, however, a shift to wireless systems is expected in the near future. However, the latter is not expected to replace wired technologies in near time. Augment in interest for minimalist designs for homes has led to installations for wireless high end lightings. New technologies have also led to better connectivity with other devices in homes, and commercial setups. Growth in commercial sector in developing countries has also led to increase in demand for high-end lights, thus driving the growth of this market.


Asia Pacific is expected to witness exponential growth in demand for high-end lightings over the forecast period. Ban on usage of HID and incandescent lightbulbs as a part of energy conservation law in China, has also driven the adoption of LEDs in this country. This in turn, has led to augment in demand for high-end lightings in the recent years, thus fueling the growth of the market. In addition to this, Europe has accelerated the switchover to ecological lighting systems by extending regulation to ban usage of low-voltage halogen lamps. Japan is also expected to witness increase in installations of high-end lighting at the 2020 Tokyo Olympics. Hence, the market size for high end lightings is anticipated to witness significant growth in this country.

The key players in this market include OSRAM Licht AG, Philips Lighting Holding B.V., CREE Inc., General Electric Company, Toshiba Co., Digital Lumens, Inc., Holtkoetter, CMD Ltd., Helestra Leuchten GmbH, and less’n’more gmbh among others. These key market players are continuously focusing on R&D activities in order to gain major market share. In addition to this, the key market players in high end lighting have adopted the strategy of signing agreements with other small players so as to geographically increase the visibility of their products.


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Freeze Drying Equipment Market In Depth Industry Analysis on Trends, Growth, Opportunities and forecast 2026

The global freeze drying equipment market size is expected to reach USD 3.11 Billion by 2026 according to a new study by Polaris Market Research. The report “Freeze Drying Equipment Market Share, Size, Trends, Industry Analysis Report By Product Type, By Application, By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Freeze drying is the effective way of drying various heat sensitive, unstable and aqueous products. Lyophilization is used in pharmaceuticals manufacturing in the healthcare industry. Freeze drying process is used to conserve the decay of food materials by slowing down the decomposition process. This process preserves the quality, taste and texture of wide range of products. This is the reason for its wide usage in food processing industry and healthcare industry.


The rapidly growing food processing industry is expected to be one of the major reasons for the augment in demand for freeze drying equipment over the forecast period. In addition to this, the growing healthcare industry is also anticipated to propel the growth of freeze-drying equipment market over the forecast period. Rise in awareness pertaining to various benefits such as enhanced efficiency with regards to air drying and desiccant drying associated with these products is also anticipated to drive the growth of this market over the forecast period.  The rapidly growing urbanization coupled with increasing consumption of preserved foods is also anticipated to fuel the growth of freeze-drying equipment market. Various companies in the market have adopted mergers and acquisitions as a key developmental strategy.

Industrial freezers hold a major share in the global market. This is mainly due to its usage in various industrial areas because of its high efficiency. Pharmaceuticals and food processing industries are anticipated to hold a massive share in the global showcase. However, the food processing segment is expected to witness highest growth rate over the forecast period. This equipment are widely used in pharmaceutical industry to store and stable the drugs and also to preserve biologicals such as viruses & bacteria, proteins, enzymes, and penicillin.


Asia Pacific is expected to witness exponential growth in demand for freeze drying equipment market over the forecast period. There has been increase in awareness activities pertaining to benefits associated with the usage of freeze drying equipment amongst the industries in this region. This in turn, has led to augment in demand for this equipment in the recent years, thus fueling the growth of the market. In addition to this, North America and Europe are expected to also contribute a major share in the global market owing to the existence of leather tanneries. Hence, the market size is anticipated to witness significant growth in these regions.

The key leading players in the market include Tofflon Science and Technology Co., Ltd, GEA Group, Labconco Corporation, Azbil Corporation, EYELA, Harvest Right, Millrock Technology, Inc., SP Scientific, Yamato Scientific America Inc., Z-SC1 Corp., Mechatech Systems Ltd., OctoFrost Group and USIFROID among others. These key market players are continuously focusing on R&D activities in order to gain major market share. In addition to this, the key market players in have adopted the strategy of signing agreements with other small players so as to geographically increase the visibility of their products.

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