Global Lyophilization Equipment and Services Market Size & Share Report 2021-2028


Posted April 20, 2022 by MarketResearch7

The global lyophilization equipment and services market is estimated to expand at a considerable CAGR during the forecast period, 2021 – 2028.
 
The global lyophilization equipment and services market is estimated to expand at a considerable CAGR during the forecast period, 2021 – 2028. Lyophilization is a process for preserving perishable items and extending their shelf life by removing water content of the items while increasing the convenience of transport.

Lyophilization includes a series of functions such as freezing the item, subsequently decreasing the pressure, and supplementing heat to permit the frozen water content to undergo sublimation. Lyophilization allows the direct conversion of ice from solid to vapor without transitioning it into the liquid state. The process can be concisely summed up as freezing, sublimation, and desorption. Lyophilization helps to simplify aseptic handling and enhancing dry powder stability.

Market Trends, Drivers, Restraints, and Opportunities:
• Factors such as the sizeable growth in the number of biopharmaceutical companies, the soaring demand for aseptic preservation and packaging, and the rise in the manufacturing of protein-based drugs are expected to boost the demand for freeze-drying. This is expected to grow the market.
• Sizeable number of pharmaceutical and food products are becoming commercially viable only through the assistance of lyophilization; thereby, rising demand for the services.
• The demand for lyophilized products across several industries associated with the preservative items is expected to create opportunities for the market during the forecast period.
• Rising awareness of the equipment and services along with increasing disposable income of consumers are anticipated to boost the growth of the market.
• Lofty costs in setting up the lyophilization equipment coupled with stringent regulatory rules regarding the procurement of equipment are acting as key factors that can hinder the growth of the market during the forecast period.

Tray-style freeze dryers growing at a substantial CAGR
On the basis of technology, the market is categorized into tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers. The tray-style freeze dryers’ segment is anticipated to witness significant growth during the forecast period. This can be attributed to the versatility of tray-style freeze dryers and their ability to dry the items using different types of containers. Factors such as capability of in-bulk for long-term storage, mounting demand for freeze dried items, and fast producing capacity are the key factors that drive the segment growth.

Pharmaceutical & biotech manufacturing segment to hold sizeable market share
In terms of applications, the global lyophilization equipment and services market is segmented into food processing & packaging, pharmaceutical & biotech manufacturing, and medical applications. The pharmaceutical & biotech manufacturing segment is anticipated to register considerable growth during the forecast period. This can be attributed to the growing use of freeze-drying technology to convert aqueous solutions into final dry products and stabilizing needs to prolong shelf life of biotech products.

North America holds a significant share of the global market
Based on regions, the market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds a significant share of the global market and is estimated to dominate the market during the forecast period. This is mainly due to rise in the research & development activities accompanied by the increasing adoption of biological products and approval of biologics.

Compititive Landscape
Major players in the global lyophilization equipment and services market includes Azbil Corporation, GEA Group, Harvest Right, Hof Enterprise Group, Industria Macchine Automatiche S.P.A, Labconco Corporation, Martin Christ Gefriertrocknungsanlagen GmbH, Millrock Technology Inc., Optima Packaging Group GmbH, and SP Industries Inc.

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Issued By Growth Market Reports
Country United States
Categories Business , Medical
Tags korea , lyophilization equipment and services market , lyophilization equipment and services market share , lyophilization equipment and services market size , lyophilization equipment and services market trends , north america , uae , usa
Last Updated April 20, 2022