Towards Healthcare

Pharmaceutical Drying Equipment Companies and Mergers and Acquisitions (M&A)

Date : 27 October 2025

Top Companies in the Pharmaceutical Drying Equipment Market

Pharmaceutical Drying Equipment Market Companies

  • GEA Group
  • Glatt GmbH
  • SPX FLOW (including former Niro / APV technologies)
  • Syntegon Technology (formerly Bosch Packaging Technology / Bosch Pharma)
  • IMA Life (IMA Group)
  • Büchi Labortechnik AG
  • L.B. Bohle Maschinen + Verfahren GmbH
  • Telstar (AZ Group)
  • Martin Christ Gefriertrocknungsanlagen (Christ)
  • SP Scientific / SP Industries
  • Millrock Technology
  • Dedert Corporation (or equivalent industrial dryer specialists)
  • Hosokawa Micron Group
  • Diosna (Pirovano Group)
  • Harro Höfliger
  • HOF Sonderanlagenbau / HOF Engineering
  • Anhydro / SPX (Niro)
  • Fitzpatrick (The Fitzpatrick Company)
  • Yamato Scientific / Yamato (lab ovens & vacuum dryers at bench scale)
  • Contract Engineering & Turnkey Integrators

Market Growth

The global pharmaceutical drying equipment market size is calculated at USD 5.84 billion in 2024, grew to USD 6.26 billion in 2025, and is projected to reach around USD 11.64 billion by 2034. The market is expanding at a CAGR of 7.14% between 2025 and 2034.

Next-Gen Drying Technologies

The market is shifting away from conventional belt and tray dryers toward fluidized beds, spouted beds, and advanced spray systems, which offer finer control over particle morphology and moisture distribution, especially crucial for drying biologics and complex formulations.

  • In February 2025, Powder Systems Limited (PSL), has enhanced its CakeStand vacuum tray dryer, featuring modular options tailored to the evolving needs of pharmaceutical, biopharmaceutical, and fine chemical manufacturers. CakeStand is a versatile and future-proof drying solution that was created to address process inefficiencies, compliance issues, and scalability issues. Its sophisticated design facilitates full-scale commercial production, pilot plants, and labs while guaranteeing smooth scalability as manufacturing demands increase.

Value Chain Analysis: Pharmaceutical Drying Equipment Market

R&D

Pharmaceutical drying equipment R&D involves optimizing drying processes for various formulations, including APIs and excipients, using methods like spray drying, freeze drying, and fluid bed drying. Key R&D steps include understanding drying mechanisms, selecting appropriate equipment, optimizing process parameters, and scaling up production

Key Players Include: GEA, ATS Corporation, Hosokawa Micron, Freund Corporation, I.M.A. Industria Macchine Automatiche, Syntegon Technology, and BUCHI Labortechnik.

Product Distribution

The distribution of pharmaceutical drying equipment involves a multi-step process that ensures the right equipment reaches the right pharmaceutical companies. This includes selecting suitable equipment, managing the supply chain, ensuring proper installation and validation, and providing ongoing support and maintenance.

Top Companies Include: GEA Group, ATS Corporation, Hosokawa Micron Group, and I.M.A. Industria Macchine Automatiche S.p.A.

Support & Service

Support and services for pharmaceutical drying equipment encompass a range of activities aimed at ensuring optimal performance and longevity of the equipment. These services typically include installation, maintenance, calibration, validation, and troubleshooting.

Top Companies Include: GEA Group and ATS Corporation

Latest Announcement by Industry Leaders

In July 2025, Florent Bordet, Chief Scientific Officer at Aenova, stated that Aenova is an end-to-end CDMO that helps clients at every stage of the drug product lifecycle, from pre-creation, development, and commercial production. One of the most important factors in the success of new pharmaceutical substances. The Aenova company’s new spray drying platform in Killorglin allows us to greatly increase the variety of solutions to speed up time-to-market and assist clients in overcoming bioavailability obstacles.

Recent Development in the Pharmaceutical Drying Equipment Market

  • In July 2025, Tsunami Compressed Air Solutions, manufacturing company, revealed the expansion of the product range by the introduction of its premium Refrigerated Compressed Air Dryers.
  • In July 2025, Aenova Group GmbH, a Pharmaceutical company, revealed that it is expanding its new manufacturing site in Killorglin, Ireland, with a spray drying platform for inhalation powders and amorphous solid dispersions (ASD).

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