The lyophilization equipment market is fragmented with the top 5 players accounting for nearly 21% of the market. Majority of the leading players in the market are based in developed regions such as North America and Europe. Some of the major players in this market include Tofflon Science and Technology Co., Ltd. (China), Azbil Corporation (Japan), GEA Group (Germany), I.M.A. Industria Macchine Automatiche S.p.A. (Italy), and SP Industries, Inc. (U.S.).
I.M.A. Industria Macchine Automatiche S.p.A. (Italy) led the lyophilization equipment market in 2014. This is majorly attributed to its broad range of innovative products spanning industrial scale, pilot scale, and laboratory scale freeze dryers for the lyophilization equipment market. The company further seeks to strengthen its product portfolio through focus on growth strategies such as new product launches. The company has also been paying attention to widening its presence in the fast growing Asia-Pacific region through strategies such as expansions. In 2013, IMA S.p.A. launched its new product, the Da VINCI loading and unloading systems designed for pharmaceutical applications. The company also relocated its freeze-drying facility from Wangjing to Beijing Development Area in 2011.
GEA Group (Germany) was the second leading company of the lyophilization equipment market in 2014. This is majorly attributed to its wide portfolio for the lyophilization equipment market, catering to various industries such as pharmaceuticals and food. It’s focus on new product launches and expansion and collaborations, further helps the company to strengthen its presence in the global market. For instance, the company opened its new subsidiary in Nigeria to cater to the brewing beverage and food market in the country, in 2014. The company also has a strong presence globally, spanning 50 countries across the Americas, Europe, Africa, and Asia-Pacific.
New product launches and agreements & collaborations were the key strategies adopted by major players in the lyophilization equipment market from 2011 to 2015. Of the two, new product launches was the preferred growth strategy during the forecast period, as this strategy enabled the company in offering better and advanced product offerings in the market.
