医薬品乾燥装置市場 – 2029年までの世界予測

Pharmaceutical Drying Equipment Market - Global Forecast to 2029

医薬品乾燥装置市場 - タイプ (凍結、スプレー、真空、流動層)、運用規模 (産業規模、パイロット規模、研究室規模)、エンドユーザー (製薬会社、CDMO、研究大学) - 2029年までの世界予測
Pharmaceutical Drying Equipment Market by Type (Freeze, Spray, Vacuum, Fluidized Bed), Scale of Operation (Industrial-scale, Pilot-scale, Lab-scale), End User (Pharmaceutical Companies, CDMOs, Research Universities) - Global Forecast to 2029

商品番号 : SMB-68178

出版社MarketsandMarkets
出版年月2024年10月
ページ数227
図表数273
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global Pharmaceutical Drying Equipment market is projected to reach USD 8.18 billion by 2029 from USD 5.80 billion in 2024, at a CAGR of 7.1% during the forecast period.

世界の医薬品乾燥装置市場は、予測期間中に7.1%のCAGRで、2024年の58億米ドルから2029年までに81億8000万米ドルに達すると予測されています。

This is due to growing prevalence of chronic diseases such as diabetes, cardiovascular diseases, cancer, is leading to increase in demand for the pharmaceutical drugs. To meet this increased demand for the medicines the pharmaceutical manufacturing facilities are expanding, consequently increasing the demand for the pharmaceutical equipment dryers. However, the increased demand for the refurbished dryers in pharmaceutical industry is major restraint to the market. Additionally, Higher maintenance of the pharmaceutical drying equipment is major challenge for the market growth. But, the increasing competition in pharmaceutical manufacturing industry due to loss of various drugs’ market exclusivity and high growth potential of emerging markets is expected to present profitable growth opportunities for pharmaceutical drying equipment market players over the forecast period of 2024-2029.

医薬品乾燥装置市場 - 2029年までの世界予測
freeze-drying-lyophilization-equipment-market-Overview

“The spray dryer segment of pharmaceutical drying market to hold largest position forecast period.”

Based on the type, the spray dryer segment is anticipated to hold largest share position during forecast period in pharmaceutical drying equipment market. This is due to its versatility, efficiency, and ability to enhance product quality. It offers improved bioavailability by producing dust-free, free-flowing, and easily re-dispersible powders, making it ideal for thermoplastic, hygroscopic, and heat-sensitive products. Spray dryers are essential for maintaining quality of active pharmaceutical ingredient. As spray dryers can handle a wide variety of product types, including granulated and agglomerated forms, without heat deterioration. Its popularity in the sector is also a result of its small size, which guarantees energy-efficient operations and makes it an affordable option for large-scale pharmaceutical production.

“The pilot-scale equipment segment is the fastest growing segment in pharmaceutical drying equipment market.”

Based on scale of operation, the pharmaceutical drying equipment market is segmented into industrial-scale equipment, pilot-scale equipment, and laboratory-scale equipment. The pilot-scale equipment segment is expected to grow at the highest CAGR due to its pivotal role in pharmaceutical research and development (R&D). With increasing development of new medications, pilot-scale equipment allows manufacturers to test formulations and processes on a smaller, more cost-effective scale before full-scale industrial production. This affordability makes it an ideal choice during R&D, minimizing financial risk while optimizing production methods. Additionally, the growing trend of outsourcing manufacturing to Contract Development and Manufacturing Organizations (CDMOs) has further driven the demand for pilot-scale equipment. CDMOs use these systems to streamline the transition from R&D to large-scale production, ensuring efficient and scalable solutions for pharmaceutical companies. As more companies rely on CDMOs to bring new drugs to market, the need for pilot-scale equipment continues to rise, contributing to its rapid growth.

“Europe accounted for the second largest share of the pharmaceutical drying equipment market by region.”

The global pharmaceutical drying equipment market is segmented into five  major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is the second largest regional market for pharmaceutical drying equipment, whereas the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period.

Europe holds the second-largest position in the pharmaceutical drying equipment market. This is due to the presence of key industry players such as GEA Group (Germany), I.M.A. Industria Macchine Automatiche (Italy), Syntegon Technology GmbH (Germany), and Mechatech Systems Ltd (UK). These major European players are making significant investments in R&D to create cutting-edge, innovative equipment. Furthermore, the European region’s strong pharmaceutical manufacturing base, established regulatory framework, and focus on technological advancements all contribute to its strong market position. In Europe, the need for pharmaceutical drying equipment is being driven by innovation and industry leadership.

医薬品乾燥装置市場 - 2029年までの世界予測 region
freeze-drying-lyophilization-equipment-market-Region

A breakdown of the primary participants referred to for this report is provided below:

  • By Company Type: Tier 1–40%, Tier 2–30%, and Tier 3– 30%
  • By Designation: C-level–50%, Director-level–30% and Others–20%
  • By Region: North America–38%, Europe–26%, Asia Pacific–15%, Latin America- 11%, and Middle east and Africa-10%

Note 1: Note: Companies are classified into tiers based on their total revenue. As of 2023, Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = <USD 1.00 billion.

Note 2: C-level primaries include CEOs, CFOs, COOs, and VPs.

Note 3: Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

The major players operating in the pharmaceutical drying equipment market market are GEA Group (Germany), ATS Corporation (US), Hosokawa Micron Group (Japan), Freund Corporation (Japan), I.M.A. Industria Macchine Automatiche S.p.A. (Italy), Syntegon Technology GmbH (Germany), BUCHI Labortechnik AG (Switzerland), OPTIMA packaging group GmbH (Germany), Mechatech Systems Ltd (Netherland), and BEW Engineering Limited (India).

医薬品乾燥装置市場 - 2029年までの世界予測
freeze-drying-lyophilization-equipment-market-Ecosystem

Research Coverage

This report studies the pharmaceutical drying equipment market based on type, scale of operation,, end user and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).

Reasons to Buy the Report

The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.

This report provides insights on the following pointers:

  • Analysis of Key divers (The expansion of pharmaceutical manufacturing facilities to drive market growth, The increased demand for biopharmaceuticals to drive market, The rapid growth of the contact manufacturing companies to drive market), restraints (The demand for refurbished drying equipment is restraining the market) , Challenge (Higher maintenance of the pharmaceutical drying equipment is major challenge for the market), opportunity (Increasing competition in pharmaceutical manufacturing industry due to loss of various drugs’ market exclusivity, High growth potential of emerging markets)
  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the pain management devices market
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the pharmaceutical drying equipment market
  • Market Development: Comprehensive information on lucrative emerging regions
  • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the pain management devices market
  • Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

Table of Contents

1            INTRODUCTION            23

1.1         STUDY OBJECTIVES      23

1.2         MARKET DEFINITION   23

1.3         STUDY SCOPE  24

1.3.1      SEGMENTS AND REGIONS COVERED    24

1.3.2      INCLUSIONS & EXCLUSIONS     25

1.3.3      YEARS CONSIDERED     25

1.3.4      CURRENCY CONSIDERED          26

1.4         STAKEHOLDERS            26

1.5         SUMMARY OF CHANGES            26

2            RESEARCH METHODOLOGY     28

2.1         RESEARCH DATA           28

2.1.1      SECONDARY DATA       28

2.1.1.1   Key objectives of secondary research             29

2.1.1.2   Key secondary sources       29

2.1.1.3   Key data from secondary sources     30

2.1.2      PRIMARY DATA 30

2.1.2.1   Key primary sources           31

2.1.2.2   Key objectives of primary research   31

2.1.2.3   Key data from primary sources         32

2.1.2.4   Key industry insights          32

2.2         MARKET SIZE ESTIMATION       33

2.2.1      SUPPLY-SIDE ANALYSIS (REVENUE SHARE ANALYSIS)   33

2.2.2      TOP-DOWN APPROACH             34

2.2.3      COMPANY PRESENTATIONS AND PRIMARY INTERVIEWS           34

2.2.4      DEMAND-SIDE ANALYSIS (USING PHARMACEUTICAL DRYING EQUIPMENT ADOPTION)          34

2.3         DATA TRIANGULATION             37

2.4         MARKET RANKING ANALYSIS   38

2.5         STUDY ASSUMPTIONS  39

2.6         RISK ASSESSMENT         39

2.7         RESEARCH LIMITATIONS           39

3            EXECUTIVE SUMMARY 40

4            PREMIUM INSIGHTS      43

4.1         PHARMACEUTICAL DRYING EQUIPMENT MARKET OVERVIEW 43

4.2         NORTH AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2023        44

4.3         GEOGRAPHIC SNAPSHOT OF PHARMACEUTICAL DRYING EQUIPMENT MARKET,

2024–2029          45

4.4         PHARMACEUTICAL DRYING EQUIPMENT MARKET: REGIONAL MIX, 2022–2029          46

4.5         PHARMACEUTICAL DRYING EQUIPMENT MARKET: DEVELOPED VS. EMERGING MARKETS, 2024 VS. 2029 (USD MILLION)      46

5            MARKET OVERVIEW     47

5.1         INTRODUCTION            47

5.2         MARKET DYNAMICS     47

5.2.1      DRIVERS            48

5.2.1.1   Expansion of pharmaceutical manufacturing facilities  48

5.2.1.2   High demand for biopharmaceuticals             48

5.2.1.3   Rapid growth of contract manufacturing and development companies     48

5.2.2      RESTRAINTS     49

5.2.2.1   Increased demand for refurbished drying equipment    49

5.2.3      OPPORTUNITIES           49

5.2.3.1   Increased market competition and high demand for generic and biosimilar drugs              49

5.2.3.2   High growth potential in emerging economies             50

5.2.4      CHALLENGES   50

5.2.4.1   Need for regular maintenance and high associated costs             50

5.3         INDUSTRY TRENDS       50

5.3.1      AUTOMATION AND DIGITALIZATION  50

5.3.2      ENVIRONMENTAL SUSTAINABILITY     50

5.4         TECHNOLOGY ANALYSIS           51

5.4.1      KEY TECHNOLOGIES    51

5.4.1.1   Automation and control systems      51

5.4.1.2   Heat transfer technology   51

5.4.1.3   Vacuum technology           51

5.4.2      COMPLEMENTARY TECHNOLOGIES     51

5.4.2.1   High-efficiency particulate air (HEPA) filtration technology     51

5.4.2.2   Temperature control systems           52

5.4.2.3   Desorption technology      52

5.4.3      ADJACENT TECHNOLOGIES      52

5.4.3.1   Moisture sensors and monitoring systems      52

5.4.3.2   Air distribution systems     52

5.4.3.3   Particle size analysis technology       52

5.5         PORTER’S FIVE FORCE ANALYSIS           53

5.5.1      INTENSITY OF COMPETITIVE RIVALRY 54

5.5.2      BARGAINING POWER OF SUPPLIERS     54

5.5.3      BARGAINING POWER OF BUYERS           54

5.5.4      THREAT OF SUBSTITUTES         54

5.5.5      THREAT OF NEW ENTRANTS    54

5.6         KEY STAKEHOLDERS AND BUYING CRITERIA    55

5.6.1      KEY STAKEHOLDERS IN BUYING PROCESS         55

5.6.2      KEY BUYING CRITERIA 56

5.7         REGULATORY LANDSCAPE       56

5.7.1      REGULATORY ANALYSIS            57

5.7.1.1   North America     57

5.7.1.1.1 US         57

5.7.1.1.2 Canada  57

5.7.1.2   Europe  57

5.7.1.3   Asia Pacific          57

5.7.1.4   Latin America      58

5.7.1.5   Middle East & Africa          58

5.7.2      REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 58

5.8         PATENT ANALYSIS        61

5.8.1      PATENT PUBLICATION TRENDS IN PHARMACEUTICAL DRYING EQUIPMENT MARKET  61

5.8.2      INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS        61

5.9         TRADE ANALYSIS          64

5.9.1      IMPORT DATA FOR HS CODE 8419         64

5.9.2      EXPORT DATA FOR HS CODE 8419         65

5.10       PRICING ANALYSIS        65

5.10.1    INDICATIVE SELLING PRICE OF DRYERS, BY PRODUCT 66

5.10.2    INDICATIVE SELLING PRICE OF DRYERS, BY REGION     66

5.11       KEY CONFERENCES AND EVENTS, 2024–2025     68

5.12       UNMET NEEDS 69

5.13       END-USER EXPECTATIONS       70

5.14       IMPACT OF AI/GENERATIVE AI ON PHARMACEUTICAL DRYING EQUIPMENT MARKET  71

5.14.1    KEY USE CASES 72

5.15       ECOSYSTEM ANALYSIS 72

5.16       CASE STUDY ANALYSIS 73

5.16.1    CASE STUDY 1: IMPROVED VACUUM PRESSURE TO REDUCE DRYING TIME, INCREASE QUALITY, AND SAVE PRODUCTION COSTS     73

5.16.2    CASE STUDY 2: OPTIMIZED PARTICLE SIZE DISTRIBUTION FOR HIGH-POTENCY API PRODUCTION     74

5.16.3    CASE STUDY 3: INNOVATIVE CONTAINMENT SOLUTIONS FOR HIGH-POTENCY APIS TO ENHANCE NUTSCHE FILTER DRYER PERFORMANCE              74

5.17       SUPPLY CHAIN ANALYSIS          75

5.18       ADJACENT MARKET ANALYSIS 76

5.18.1    SPRAY DRYING EQUIPMENT MARKET   76

5.19       TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       77

5.20       INVESTMENT AND FUNDING SCENARIO            77

6            PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE     79

6.1         INTRODUCTION            80

6.2         SPRAY DRYERS 80

6.2.1      ABILITY TO MAINTAIN STABILITY OF THERMALLY SENSITIVE COMPOUNDS THROUGH RAPID DRYING TO PRESERVE DRUG EFFICACY              80

6.3         FREEZE DRYERS             82

6.3.1      RISING DEMAND FOR LYOPHILIZED PRODUCTS TO DRIVE MARKET              82

6.4         FLUIDIZED BED DRYERS            84

6.4.1      COST-EFFECTIVENESS AND UNIFORM DRYING TO SPUR DEMAND IN PHARMACEUTICAL MANUFACTURING FACILITIES        84

6.5         VACUUM DRYERS          86

6.5.1      VACUUM DRYERS TO MINIMIZE THERMAL DEGRADATION AND PROVIDE STABILITY TO HEAT-SENSITIVE MATERIALS 86

6.6         OTHER DRYERS             87

7            PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION      90

7.1         INTRODUCTION            91

7.2         INDUSTRIAL-SCALE EQUIPMENT          91

7.2.1      RISING INVESTMENTS IN HIGH-QUALITY MANUFACTURING TO AUGMENT MARKET GROWTH  91

7.3         PILOT-SCALE EQUIPMENT        92

7.3.1      INCREASED PHARMACEUTICAL R&D INVESTMENTS AND FOCUS ON EFFECTIVE QUALITY CONTROL IN LARGER OPERATIONS TO DRIVE MARKET              92

7.4         LABORATORY-SCALE EQUIPMENT        94

7.4.1      COST-EFFECTIVENESS, EASY OPERATION, AND LOW MAINTENANCE NEEDS TO FUEL MARKET GROWTH      94

8            PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER              95

8.1         INTRODUCTION            96

8.2         PHARMACEUTICAL AND BIOTECH COMPANIES             96

8.2.1      INCREASED INVESTMENTS FOR BETTER PRODUCTION EFFICIENCY IN PHARMACEUTICAL INDUSTRY TO DRIVE MARKET        96

8.3         CONTRACT DEVELOPMENT AND MANUFACTURING ORGANIZATIONS              97

8.3.1      INCREASED OUTSOURCING OF RESEARCH AND MANUFACTURING PROCESSES BY PHARMA COMPANIES TO PROPEL MARKET GROWTH   97

8.4         RESEARCH ACADEMIES AND UNIVERSITIES       98

8.4.1      RISING DEMAND FOR ADVANCED LABORATORY AND RESEARCH FACILITIES IN ACADEMIC SETTINGS TO DRIVE MARKET            98

9            PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY REGION 100

9.1         INTRODUCTION            101

9.2         NORTH AMERICA          102

9.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA   105

9.2.2      US         105

9.2.2.1   US to dominate North American pharmaceutical drying equipment market during forecast period     105

9.2.3      CANADA            107

9.2.3.1   Robust pharmaceutical sector and advancements in drug development to aid market growth     107

9.3         EUROPE             109

9.3.1      MACROECONOMIC OUTLOOK FOR EUROPE     111

9.3.2      GERMANY         112

9.3.2.1   Increased R&D investments by key players and technological advancements to support market growth       112

9.3.3      FRANCE             114

9.3.3.1   Rising investments in bioproduction capacities to spur market growth     114

9.3.4      ITALY   116

9.3.4.1   Growing demand for biologics and biopharmaceuticals to boost market growth              116

9.3.5      UK         118

9.3.5.1   Increased government investments in pharmaceuticals and clinical trials to propel market growth     118

9.3.6      SPAIN   120

9.3.6.1   Increasing collaborations between drying equipment manufacturing companies to aid market growth              120

9.3.7      REST OF EUROPE           122

9.4         ASIA PACIFIC    124

9.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC          127

9.4.2      CHINA  127

9.4.2.1   Technological advancements and strategic expansions by key international players to augment market growth 127

9.4.3      JAPAN  129

9.4.3.1   High investments in manufacturing capabilities and increased geriatric population to aid market growth          129

9.4.4      INDIA   132

9.4.4.1   Increasing investments in manufacturing facilities to propel market growth              132

9.4.5      AUSTRALIA       134

9.4.5.1   Rising demand for pharmaceuticals and increasing advancements in drug formulations to drive market            134

9.4.6      SOUTH KOREA 136

9.4.6.1   Increased popularity of CDMOs for pharmaceutical production to fuel market growth   136

9.4.7      REST OF ASIA PACIFIC  138

9.5         LATIN AMERICA             140

9.5.1      MACROECONOMIC OUTLOOK FOR LATIN AMERICA     142

9.5.2      BRAZIL 142

9.5.2.1   Advanced biologics sector and increased demand for biosimilars to drive market              142

9.5.3      MEXICO             144

9.5.3.1   Burgeoning pharmaceutical industry and favorable trade agreements to propel market growth     144

9.5.4      REST OF LATIN AMERICA          146

9.6         MIDDLE EAST & AFRICA             148

9.6.1      MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA     150

9.6.2      GCC COUNTRIES           150

9.6.2.1   Expansion of pharmaceutical manufacturing companies to drive market  150

9.6.3      REST OF MIDDLE EAST & AFRICA           152

10          COMPETITIVE LANDSCAPE       156

10.1       INTRODUCTION            156

10.2       KEY PLAYER STRATEGY/RIGHT TO WIN             156

10.2.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN PHARMACEUTICAL DRYING EQUIPMENT MARKET       156

10.3       REVENUE ANALYSIS, 2021–2023 157

10.4       MARKET SHARE ANALYSIS, 2023             158

10.5       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   160

10.5.1    STARS  160

10.5.2    EMERGING LEADERS    160

10.5.3    PERVASIVE PLAYERS     160

10.5.4    PARTICIPANTS 161

10.5.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      162

10.5.5.1 Company footprint            162

10.5.5.2 Type footprint     163

10.5.5.3 Scale of operation footprint             163

10.5.5.4 End-user footprint             164

10.5.5.5 Region footprint  165

10.6       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          166

10.6.1    PROGRESSIVE COMPANIES       166

10.6.2    RESPONSIVE COMPANIES          166

10.6.3    DYNAMIC COMPANIES 166

10.6.4    STARTING BLOCKS       166

10.6.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             168

10.7       COMPANY VALUATION AND FINANCIAL METRICS        170

10.7.1    FINANCIAL METRICS    170

10.7.2    COMPANY VALUATION 170

10.8       BRAND/PRODUCT COMPARISON          171

10.9       COMPETITIVE SCENARIO          171

10.9.1    PRODUCT LAUNCHES  172

10.9.2    DEALS  172

10.9.3    EXPANSIONS    173

11          COMPANY PROFILES    174

11.1       KEY PLAYERS   174

11.1.1    GEA GROUP AKTIENGESELLSCHAFT     174

11.1.1.1 Business overview 174

11.1.1.2 Products offered  175

11.1.1.3 Recent developments         177

11.1.1.3.1            Deals     177

11.1.1.4 MnM view           177

11.1.1.4.1            Right to win         177

11.1.1.4.2            Strategic choices  177

11.1.1.4.3            Weaknesses and competitive threats 178

11.1.2    IMA INDUSTRIA MACCHINE AUTOMATICHE SPA           179

11.1.2.1 Business overview 179

11.1.2.2 Products offered  180

11.1.2.3 MnM view           181

11.1.2.3.1            Right to win         181

11.1.2.3.2            Strategic choices  181

11.1.2.3.3            Weaknesses and competitive threats 181

11.1.3    ATS CORPORATION      182

11.1.3.1 Business overview 182

11.1.3.2 Products offered  184

11.1.3.3 Recent developments         185

11.1.3.3.1            Product launches 185

11.1.3.3.2            Deals     185

11.1.3.3.3            Expansions          185

11.1.3.4 MnM view           186

11.1.3.4.1            Right to win         186

11.1.3.4.2            Strategic choices  186

11.1.3.4.3            Weaknesses and competitive threats 186

11.1.4    HOSOKAWA MICRON GROUP    187

11.1.4.1 Business overview 187

11.1.4.2 Products offered  188

11.1.4.3 MnM view           189

11.1.4.3.1            Right to win         189

11.1.4.3.2            Strategic choices  189

11.1.4.3.3            Weaknesses and competitive threats 189

11.1.5    FREUND CORP. 190

11.1.5.1 Business overview 190

11.1.5.2 Products offered  192

11.1.6    SYNTEGON TECHNOLOGY GMBH         193

11.1.6.1 Business overview 193

11.1.6.2 Products offered  193

11.1.6.3 Recent developments         194

11.1.6.3.1            Deals     194

11.1.7    BÜCHI LABORTECHNIK AG       195

11.1.7.1 Business overview 195

11.1.7.2 Products offered  195

11.1.7.3 Recent developments         196

11.1.7.3.1            Product launches 196

11.1.8    OPTIMA             197

11.1.8.1 Business overview 197

11.1.8.2 Products offered  197

11.1.9    MECHATECH SYSTEMS LTD.     199

11.1.9.1 Business overview 199

11.1.9.2 Products offered  200

11.1.10  BEW ENGINEERING       201

11.1.10.1             Business overview 201

11.1.10.2             Products offered  202

11.2       OTHER PLAYERS           203

11.2.1    ZIRBUS TECHNOLOGY GMBH   203

11.2.2    SPX FLOW, INC. 204

11.2.3    EUROPEAN SPRAYDRY TECHNOLOGIES             205

11.2.4    YAMATO SCIENTIFIC CO., LTD. 206

11.2.5    SAKA    207

11.2.6    ILSHIN BIOBASE             208

11.2.7    OKAWARA MFG. CO., LTD.         209

11.2.8    CHANGZHOU CHANGJIANG DRYING EQUIPMENT CO., LTD.     210

11.2.9    BACHILLER       211

11.2.10  MILLROCK TECHNOLOGY, INC.             212

11.2.11  MARTIN CHRIST GEFRIERTROCKNUNGSANLAGEN GMBH         213

11.2.12  LABCONCO       214

11.2.13  O’HARA TECHNOLOGIES           215

11.2.14  COOLVACUUM TECHNOLOGIES, SL      216

11.2.15  SHACHI ENGINEERING PVT. LTD.          217

12          APPENDIX         218

12.1       DISCUSSION GUIDE      218

12.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             223

12.3       CUSTOMIZATION OPTIONS      225

12.4       RELATED REPORTS       225

12.5       AUTHOR DETAILS         226

LIST OF TABLES

TABLE 1             PHARMACEUTICAL DRYING EQUIPMENT MARKET: INCLUSIONS & EXCLUSIONS     25

TABLE 2             CURRENCY CONVERSION RATES            26

TABLE 3             PHARMACEUTICAL DRYING EQUIPMENT MARKET: STUDY ASSUMPTIONS 39

TABLE 4             PHARMACEUTICAL DRYING EQUIPMENT MARKET: RISK ASSESSMENT    39

TABLE 5             PHARMACEUTICAL DRYING EQUIPMENT MARKET: PORTER’S FIVE FORCES    53

TABLE 6             INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR PHARMACEUTICAL DRYING EQUIPMENT  55

TABLE 7             KEY BUYING CRITERIA FOR PHARMACEUTICAL DRYING EQUIPMENT     56

TABLE 8             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 58

TABLE 9             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 59

TABLE 10           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 59

TABLE 11           LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 60

TABLE 12           MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT

AGENCIES, AND OTHER ORGANIZATIONS         60

TABLE 13           LIST OF PATENTS IN PHARMACEUTICAL DRYING EQUIPMENT MARKET, 2014−2024     63

TABLE 14           IMPORT DATA FOR HS CODE 8419, BY COUNTRY, 2018–2023 (USD MILLION) 64

TABLE 15           EXPORT DATA FOR HS CODE 8419, BY COUNTRY, 2018–2023 (USD MILLION) 65

TABLE 16           INDICATIVE SELLING PRICING OF DRYERS, 2021–2023   66

TABLE 17           INDICATIVE SELLING PRICE OF DRYERS, BY REGION, 2022–2024              66

TABLE 18           PHARMACEUTICAL DRYING EQUIPMENT MARKET: KEY CONFERENCES AND EVENTS, JANUARY 2024–DECEMBER 2025  68

TABLE 19           PHARMACEUTICAL DRYING EQUIPMENT MARKET: UNMET NEEDS 69

TABLE 20           PHARMACEUTICAL DRYING EQUIPMENT MARKET: END-USER EXPECTATIONS             70

TABLE 21           PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          80

TABLE 22           SPRAY DRYERS OFFERED BY KEY PLAYERS        81

TABLE 23           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR SPRAY DRYERS,

BY COUNTRY, 2022–2029 (USD MILLION)            82

TABLE 24           FREEZE DRYERS OFFERED BY KEY PLAYERS      83

TABLE 25           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR FREEZE DRYERS,

BY COUNTRY, 2022–2029 (USD MILLION)            84

TABLE 26           FLUIDIZED BED DRYERS OFFERED BY KEY PLAYERS     85

TABLE 27           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR FLUIDIZED BED DRYERS,

BY COUNTRY, 2022–2029 (USD MILLION)            85

TABLE 28           VACUUM DRYERS OFFERED BY KEY PLAYERS   86

TABLE 29           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR VACUUM DRYERS,

BY COUNTRY, 2022–2029 (USD MILLION)            87

TABLE 30           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR OTHER DRYERS,

BY COUNTRY, 2022–2029 (USD MILLION)            88

TABLE 31           OTHER DRYERS OFFERED BY KEY PLAYERS       89

TABLE 32           PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)        91

TABLE 33           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR INDUSTRIAL-SCALE EQUIPMENT, BY COUNTRY, 2022–2029 (USD MILLION)              92

TABLE 34           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR PILOT-SCALE EQUIPMENT, BY COUNTRY, 2022–2029 (USD MILLION)    93

TABLE 35           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR LABORATORY-SCALE EQUIPMENT, BY COUNTRY, 2022–2029 (USD MILLION)              94

TABLE 36           PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          96

TABLE 37           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR PHARMACEUTICAL AND BIOTECH COMPANIES, BY COUNTRY, 2022–2029 (USD MILLION)          97

TABLE 38           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR CONTRACT DEVELOPMENT AND MANUFACTURING ORGANIZATIONS, BY COUNTRY, 2022–2029 (USD MILLION)    98

TABLE 39           PHARMACEUTICAL DRYING EQUIPMENT MARKET FOR RESEARCH ACADEMIES AND UNIVERSITIES, BY COUNTRY, 2022–2029 (USD MILLION)          99

TABLE 40           PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY REGION,

2022–2029 (USD MILLION)          102

TABLE 41           NORTH AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY COUNTRY, 2022–2029 (USD MILLION)            103

TABLE 42           NORTH AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE, 2022–2029 (USD MILLION)    104

TABLE 43           NORTH AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    104

TABLE 44           NORTH AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER, 2022–2029 (USD MILLION)         105

TABLE 45           US: KEY MACROINDICATORS    106

TABLE 46           US: PHARMACEUTICAL INDUSTRY LANDSCAPE             106

TABLE 47           US: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          106

TABLE 48           US: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE

OF OPERATION, 2022–2029 (USD MILLION)        107

TABLE 49           US: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          107

TABLE 50           CANADA: KEY MACROINDICATORS       108

TABLE 51           CANADA: PHARMACEUTICAL INDUSTRY LANDSCAPE  108

TABLE 52           TOP FIVE EXPORTERS OF PHARMACEUTICAL PRODUCTS TO CANADA            108

TABLE 53           CANADA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          108

TABLE 54           CANADA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    109

TABLE 55           CANADA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          109

TABLE 56           EUROPE: PHARMACEUTICAL INDUSTRY LANDSCAPE   110

TABLE 57           EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          110

TABLE 58           EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          110

TABLE 59           EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    111

TABLE 60           EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          111

TABLE 61           GERMANY: KEY MACROINDICATORS    112

TABLE 62           GERMANY: PHARMACEUTICAL INDUSTRY LANDSCAPE 112

TABLE 63           GERMANY: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          113

TABLE 64           GERMANY: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    113

TABLE 65           GERMANY: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER, 2022–2029 (USD MILLION)            113

TABLE 66           FRANCE: KEY MACROINDICATORS        114

TABLE 67           FRANCE: PHARMACEUTICAL INDUSTRY LANDSCAPE   114

TABLE 68           FRANCE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          115

TABLE 69           FRANCE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    115

TABLE 70           FRANCE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          116

TABLE 71           ITALY: KEY MACROINDICATORS            117

TABLE 72           ITALY: PHARMACEUTICAL INDUSTRY LANDSCAPE       117

TABLE 73           ITALY: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          117

TABLE 74           ITALY: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)          118

TABLE 75           ITALY: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          118

TABLE 76           UK: KEY MACROINDICATORS   119

TABLE 77           UK: PHARMACEUTICAL INDUSTRY LANDSCAPE             119

TABLE 78           UK: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          119

TABLE 79           UK: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)          120

TABLE 80           UK: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          120

TABLE 81           SPAIN: KEY MACROINDICATORS            121

TABLE 82           SPAIN: PHARMACEUTICAL INDUSTRY LANDSCAPE       121

TABLE 83           SPAIN: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          121

TABLE 84           SPAIN: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)          121

TABLE 85           SPAIN: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          122

TABLE 86           SWITZERLAND: PHARMACEUTICAL INDUSTRY LANDSCAPE              122

TABLE 87           POLAND: PHARMACEUTICAL INDUSTRY LANDSCAPE  122

TABLE 88           BELGIUM: PHARMACEUTICAL PRODUCTION VALUE (USD MILLION)          123

TABLE 89           AUSTRIA: PHARMACEUTICAL PRODUCTION VALUE (USD MILLION)          123

TABLE 90           IRELAND: PHARMACEUTICAL INDUSTRY LANDSCAPE  123

TABLE 91           REST OF EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE, 2022–2029 (USD MILLION)    123

TABLE 92           REST OF EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    124

TABLE 93           REST OF EUROPE: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            124

TABLE 94           ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY COUNTRY, 2022–2029 (USD MILLION)         126

TABLE 95           ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          126

TABLE 96           ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION) 126

TABLE 97           ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER, 2022–2029 (USD MILLION)         127

TABLE 98           CHINA: KEY MACROINDICATORS           128

TABLE 99           CHINA: PHARMACEUTICAL INDUSTRY LANDSCAPE      128

TABLE 100         CHINA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          128

TABLE 101         CHINA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)          129

TABLE 102         CHINA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          129

TABLE 103         JAPAN: KEY MACROINDICATORS           130

TABLE 104         JAPAN: PHARMACEUTICAL INDUSTRY LANDSCAPE       130

TABLE 105         JAPAN: PHARMACEUTICAL PRODUCTION, BY DOSAGE FORM              130

TABLE 106         JAPAN: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          131

TABLE 107         JAPAN: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)          131

TABLE 108         JAPAN: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          132

TABLE 109         INDIA: KEY MACROINDICATORS            132

TABLE 110         INDIA: PHARMACEUTICAL INDUSTRY LANDSCAPE       133

TABLE 111         INDIA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          133

TABLE 112         INDIA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)          133

TABLE 113         INDIA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          134

TABLE 114         AUSTRALIA: KEY MACROINDICATORS  134

TABLE 115         AUSTRALIA: PHARMACEUTICAL INDUSTRY LANDSCAPE              135

TABLE 116         AUSTRALIA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          135

TABLE 117         AUSTRALIA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION) 135

TABLE 118         AUSTRALIA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER, 2022–2029 (USD MILLION)         136

TABLE 119         SOUTH KOREA: KEY MACROINDICATORS          136

TABLE 120         SOUTH KOREA: PHARMACEUTICAL MANUFACTURERS SIZE              137

TABLE 121         SOUTH KOREA: PHARMACEUTICAL PRODUCTION VALUE (USD BILLION) 137

TABLE 122         SOUTH KOREA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          137

TABLE 123         SOUTH KOREA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    138

TABLE 124         SOUTH KOREA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            138

TABLE 125         SINGAPORE: PHARMACEUTICAL INDUSTRY LANDSCAPE              139

TABLE 126         SINGAPORE: PHARMACEUTICAL AND BIOLOGICAL PRODUCTION INDEX

(2019–2023)       139

TABLE 127         MALAYSIA: PHARMACEUTICAL INDUSTRY LANDSCAPE 139

TABLE 128         REST OF ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY TYPE, 2022–2029 (USD MILLION)       139

TABLE 129         REST OF ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    140

TABLE 130         REST OF ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            140

TABLE 131         LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY COUNTRY, 2022–2029 (USD MILLION)         141

TABLE 132         LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          141

TABLE 133         LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    141

TABLE 134         LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            142

TABLE 135         BRAZIL: KEY MACROINDICATORS          143

TABLE 136         BRAZIL: PHARMACEUTICAL INDUSTRY LANDSCAPE     143

TABLE 137         BRAZIL: IMPORT VALUE OF PHARMACEUTICAL PRODUCTS (2020–2023)       143

TABLE 138         BRAZIL: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          143

TABLE 139         BRAZIL: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    144

TABLE 140         BRAZIL: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          144

TABLE 141         MEXICO: KEY MACROINDICATORS        145

TABLE 142         MEXICO: PHARMACEUTICAL INDUSTRY LANDSCAPE   145

TABLE 143         MEXICO: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE (2020–2023)        145

TABLE 144         MEXICO: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2022–2029 (USD MILLION)          145

TABLE 145         MEXICO: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    146

TABLE 146         MEXICO: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2022–2029 (USD MILLION)          146

TABLE 147         ARGENTINA: PHARMACEUTICAL INDUSTRY LANDSCAPE              147

TABLE 148         ARGENTINA: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE             147

TABLE 149         REST OF LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY TYPE, 2022–2029 (USD MILLION)       147

TABLE 150         REST OF LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    147

TABLE 151         REST OF LATIN AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            148

TABLE 152         MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY REGION, 2022–2029 (USD MILLION)  148

TABLE 153         MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY TYPE, 2022–2029 (USD MILLION)       149

TABLE 154         MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    149

TABLE 155         MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            149

TABLE 156         UAE: GROWTH RATE OF PHARMACEUTICAL MANUFACTURING PLANT,

2010 VS. 2021     150

TABLE 157         SAUDI ARABIA: PHARMACEUTICAL INDUSTRY LANDSCAPE              150

TABLE 158         GCC COUNTRIES: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY TYPE, 2022–2029 (USD MILLION)       151

TABLE 159         GCC COUNTRIES: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY SCALE OF OPERATION, 2022–2029 (USD MILLION)    151

TABLE 160         GCC COUNTRIES: PHARMACEUTICAL DRYING EQUIPMENT MARKET,

BY END USER, 2022–2029 (USD MILLION)            151

TABLE 161         REST OF MIDDLE EAST & AFRICA: PHARMACEUTICAL INDUSTRY LANDSCAPE 152

TABLE 162         SOUTH AFRICA: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE             152

TABLE 163         EGYPT: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE 153

TABLE 164         GHANA: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE 153

TABLE 165         KENYA: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE 153

TABLE 166         ETHIOPIA: PHARMACEUTICAL PRODUCTS IMPORT-EXPORT VALUE 153

TABLE 167         REST OF MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE, 2022–2029 (USD MILLION)        154

TABLE 168         REST OF MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION, 2022–2029 (USD MILLION)              154

TABLE 169         REST OF MIDDLE EAST & AFRICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER, 2022–2029 (USD MILLION)             155

TABLE 170         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN PHARMACEUTICAL DRYING EQUIPMENT MARKET       156

TABLE 171         PHARMACEUTICAL DRYING EQUIPMENT MARKET: DEGREE OF COMPETITION         159

TABLE 172         PHARMACEUTICAL DRYING EQUIPMENT MARKET: TYPE FOOTPRINT      163

TABLE 173         PHARMACEUTICAL DRYING EQUIPMENT MARKET:

SCALE OF OPERATION FOOTPRINT      163

TABLE 174         PHARMACEUTICAL DRYING EQUIPMENT MARKET: END-USER FOOTPRINT      164

TABLE 175         PHARMACEUTICAL DRYING EQUIPMENT MARKET: REGION FOOTPRINT      165

TABLE 176         PHARMACEUTICAL DRYING EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUP/SME PLAYER     168

TABLE 177         PHARMACEUTICAL DRYING EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF KEY EMERGING PLAYERS/STARTUPS              169

TABLE 178         PHARMACEUTICAL DRYING EQUIPMENT MARKET: PRODUCT LAUNCHES, JANUARY 2021–AUGUST 2024           172

TABLE 179         PHARMACEUTICAL DRYING EQUIPMENT MARKET: DEALS,

JANUARY 2021–AUGUST 2024     172

TABLE 180         PHARMACEUTICAL DRYING EQUIPMENT MARKET: EXPANSIONS,

JANUARY 2021–AUGUST 2024     173

TABLE 181         GEA GROUP AKTIENGESELLSCHAFT: COMPANY OVERVIEW              174

TABLE 182         GEA GROUP AKTIENGESELLSCHAFT: PRODUCTS OFFERED              175

TABLE 183         GEA GROUP AKTIENGESELLSCHAFT: DEALS, JANUARY 2021–AUGUST 2024    177

TABLE 184         IMA INDUSTRIA MACCHINE AUTOMATICHE SPA: COMPANY OVERVIEW        179

TABLE 185         IMA INDUSTRIA MACCHINE AUTOMATICHE SPA: PRODUCTS OFFERED          180

TABLE 186         ATS CORPORATION: COMPANY OVERVIEW       182

TABLE 187         ATS CORPORATION: PRODUCTS OFFERED        184

TABLE 188         ATS CORPORATION PRODUCT LAUNCHES, JANUARY 2021–AUGUST 2024    185

TABLE 189         ATS CORPORATION: DEALS, JANUARY 2021–AUGUST 2024              185

TABLE 190         ATS CORPORATION: EXPANSIONS, JANUARY 2021–AUGUST 2024      185

TABLE 191         HOSOKAWA MICRON GROUP: COMPANY OVERVIEW    187

TABLE 192         HOSOKAWA MICRON GROUP: PRODUCTS OFFERED     188

TABLE 193         FREUND CORP.: COMPANY OVERVIEW 190

TABLE 194         FREUND CORP.: PRODUCTS OFFERED  192

TABLE 195         SYNTEGON TECHNOLOGY GMBH: COMPANY OVERVIEW              193

TABLE 196         SYNTEGON TECHNOLOGY GMBH: PRODUCTS OFFERED              193

TABLE 197         SYNTEGON TECHNOLOGY GMBH: DEALS, JANUARY 2021–AUGUST 2024    194

TABLE 198         BÜCHI LABORTECHNIK AG.: COMPANY OVERVIEW       195

TABLE 199         BÜCHI LABORTECHNIK AG: PRODUCTS OFFERED         195

TABLE 200         BÜCHI LABORTECHNIK AG: PRODUCT LAUNCHES, JANUARY 2021–AUGUST 2024        196

TABLE 201         OPTIMA: COMPANY OVERVIEW             197

TABLE 202         OPTIMA: PRODUCTS OFFERED 197

TABLE 203         MECHATECH SYSTEMS LTD.: COMPANY OVERVIEW      199

TABLE 204         MECHATECH SYSTEMS LTD.: PRODUCTS OFFERED       200

TABLE 205         BEW ENGINEERING: COMPANY OVERVIEW       201

TABLE 206         BEW ENGINEERING: PRODUCTS OFFERED        202

TABLE 207         ZIRBUS TECHNOLOGY GMBH: COMPANY OVERVIEW   203

TABLE 208         SPX FLOW, INC.: COMPANY OVERVIEW 204

TABLE 209         EUROPEAN SPRAYDRY TECHNOLOGIES: COMPANY OVERVIEW        205

TABLE 210         YAMATO SCIENTIFIC CO., LTD.: COMPANY OVERVIEW 206

TABLE 211         SAKA: COMPANY OVERVIEW     207

TABLE 212         ILSHIN BIOBASE: COMPANY OVERVIEW             208

TABLE 213         OKAWARA MFG. CO., LTD.: COMPANY OVERVIEW         209

TABLE 214         CHANGZHOU CHANGJIANG DRYING EQUIPMENT CO., LTD.: COMPANY OVERVIEW  210

TABLE 215         BACHILLER: COMPANY OVERVIEW       211

TABLE 216         MILLROCK TECHNOLOGY, INC.: COMPANY OVERVIEW 212

TABLE 217         MARTIN CHRIST GEFRIERTROCKNUNGSANLAGEN GMBH: COMPANY OVERVIEW  213

TABLE 218         LABCONCO: COMPANY OVERVIEW       214

TABLE 219         O’HARA TECHNOLOGIES: COMPANY OVERVIEW            215

TABLE 220         COOLVACUUM TECHNOLOGIES, SL: COMPANY OVERVIEW              216

TABLE 221         SHACHI ENGINEERING PVT. LTD.: COMPANY OVERVIEW              217

LIST OF FIGURES

FIGURE 1           PHARMACEUTICAL DRYING EQUIPMENT MARKET: SEGMENTS

AND REGIONS COVERED           24

FIGURE 2           PHARMACEUTICAL DRYING EQUIPMENT MARKET: YEARS CONSIDERED   25

FIGURE 3           PHARMACEUTICAL DRYING EQUIPMENT MARKET: RESEARCH DESIGN              28

FIGURE 4           PHARMACEUTICAL DRYING EQUIPMENT MARKET: KEY DATA FROM

SECONDARY SOURCES 30

FIGURE 5           PHARMACEUTICAL DRYING EQUIPMENT MARKET: PRIMARY SOURCES           31

FIGURE 6           PHARMACEUTICAL DRYING EQUIPMENT MARKET: KEY DATA FROM PRIMARIES          32

FIGURE 7           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,

DESIGNATION, AND REGION    32

FIGURE 8           MARKET SIZE APPROACH: REVENUE SHARE ANALYSIS 33

FIGURE 9           PHARMACEUTICAL DRYING EQUIPMENT MARKET: TOP-DOWN APPROACH        34

FIGURE 10         MARKET SIZE ESTIMATION: DEMAND-SIDE ASSESSMENT              35

FIGURE 11        IMPACT OF CAGR ON DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES (2024–2029) 36

FIGURE 12         PHARMACEUTICAL DRYING EQUIPMENT MARKET: CAGR PROJECTIONS  36

FIGURE 13         PHARMACEUTICAL DRYING EQUIPMENT MARKET: DATA TRIANGULATION          38

FIGURE 14         PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY TYPE,

2024 VS. 2029 (USD MILLION)     40

FIGURE 15         PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY SCALE OF OPERATION,

2024 VS. 2029 (USD MILLION)     41

FIGURE 16         PHARMACEUTICAL DRYING EQUIPMENT MARKET, BY END USER,

2024 VS. 2029 (USD MILLION)     41

FIGURE 17         PHARMACEUTICAL DRYING EQUIPMENT MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES     42

FIGURE 18         RISING INVESTMENT BY PHARMACEUTICAL FACILITIES TO DRIVE MARKET 43

FIGURE 19         PHARMACEUTICAL AND BIOTECH COMPANIES COMMANDED LARGEST MARKET SHARE IN 2023          44

FIGURE 20         INDIA TO REGISTER HIGHEST CAGR DURING STUDY PERIOD              45

FIGURE 21         ASIA PACIFIC TO GROW AT HIGHEST GROWTH RATE FROM 2024 TO 2029     46

FIGURE 22         EMERGING MARKETS TO REGISTER HIGHER GROWTH RATE

DURING FORECAST PERIOD     46

FIGURE 23         PHARMACEUTICAL DRYING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       47

FIGURE 24         PHARMACEUTICAL DRYING EQUIPMENT MARKET:

PORTER’S FIVE FORCES ANALYSIS         53

FIGURE 25         INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR PHARMACEUTICAL DRYING EQUIPMENT  55

FIGURE 26         KEY BUYING CRITERIA FOR PHARMACEUTICAL DRYING EQUIPMENT     56

FIGURE 27         NUMBER OF PATENTS PUBLISHED (JANUARY 2014–AUGUST 2024)    61

FIGURE 28         TOP APPLICANTS (COMPANIES/INSTITUTIONS) FOR PHARMACEUTICAL DRYING EQUIPMENT PATENTS (JANUARY 2014−AUGUST 2024)    62

FIGURE 29         TOP APPLICANT COUNTRIES/REGIONS FOR PHARMACEUTICAL DRYING EQUIPMENT (JANUARY 2014−JULY 2024)  63

FIGURE 30         AVERAGE SELLING PRICE OF SINGLE-LIMB BREATHING CIRCUITS (2024)             67

FIGURE 31         MARKET POTENTIAL OF AI TO ENHANCE EFFICACY AND PRODUCT QUALITY      71

FIGURE 32         PHARMACEUTICAL DRYING EQUIPMENT MARKET: ECOSYSTEM ANALYSIS 73

FIGURE 33         PHARMACEUTICAL DRYING EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS           75

FIGURE 34         SPRAY DRYING EQUIPMENT: MARKET OVERVIEW         76

FIGURE 35         PHARMACEUTICAL DRYING EQUIPMENT MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       77

FIGURE 36         PHARMACEUTICAL DRYING EQUIPMENT MARKET: INVESTMENT AND FUNDING SCENARIO (2020–2023)     77

FIGURE 37         PHARMACEUTICAL DRYING EQUIPMENT MARKET: GEOGRAPHIC SNAPSHOT          101

FIGURE 38         NORTH AMERICA: PHARMACEUTICAL DRYING EQUIPMENT MARKET SNAPSHOT     103

FIGURE 39         ASIA PACIFIC: PHARMACEUTICAL DRYING EQUIPMENT MARKET SNAPSHOT     125

FIGURE 40         REVENUE ANALYSIS OF KEY PLAYERS (2021–2023)          158

FIGURE 41         MARKET SHARE ANALYSIS OF KEY PLAYERS (2023)        159

FIGURE 42         PHARMACEUTICAL DRYING EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023      161

FIGURE 43         PHARMACEUTICAL DRYING EQUIPMENT MARKET: COMPANY FOOTPRINT      162

FIGURE 44         PHARMACEUTICAL DRYING EQUIPMENT MARKET:

COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023        167

FIGURE 45         EV/EBITDA OF KEY VENDORS   170

FIGURE 46         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK

BETA OF KEY VENDORS             170

FIGURE 47         PHARMACEUTICAL DRYING EQUIPMENT MARKET:

BRAND/PRODUCT COMPARATIVE ANALYSIS    171

FIGURE 48         GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT              175

FIGURE 49         ATS CORPORATION: COMPANY SNAPSHOT      183

FIGURE 50         HOSOKAWA MICRON GROUP: COMPANY SNAPSHOT    188

FIGURE 51         FREUND CORP.: COMPANY SNAPSHOT 191

FIGURE 52         BEW ENGINEERING: COMPANY SNAPSHOT       201