Lyophilization Equipment Market, by Product Type (Tray-style Freeze Dryers, Manifold Freeze Dryers, Rotary Freeze Dryers, and Others), Application Type (Food Processing and Packaging, Pharmaceutical and Biotech Manufacturing, Others),and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
Lyophilization Equipment Market, by Product Type (Tray-style Freeze Dryers, Manifold Freeze Dryers, Rotary Freeze Dryers, and Others), Application Type (Food Processing and Packaging, Pharmaceutical and Biotech Manufacturing, Others), ...
The lyophilization equipment market was estimated at US$ 5.23 billion in 2021 and is expected to grow at a CAGR of 8.3% during 2022-2028 to reach US$ 10.9 billion by 2028.
Lyophilizer machinery and equipment have recently been in high demand. The increased emphasis on the creation of biopharmaceuticals, notably protein-based therapies, is driving pharmaceutical companies to produce novel products using lyophilization.
The formulation and storage of biologics in aqueous solutions results in instability. Lyophilization can help with long-term stability. Lyophilization is a complicated and multistep process that necessitates a thorough grasp of both the product and the process-related qualities in order to ensure improved operational efficiency and consistency in creating acceptable final products.
The market is further segmented into product, the market is categorized into tray-style freeze dryers, manifold freeze dryers, rotary freeze dryers, and others. The rising usage of lyophilization for drying cubes, pellets, and other aqueous solutions is driving up demand for rotary freeze dryers. These freeze dryers provide consistent drying of the product while also extending shelf life, which is expected to drive segment revenue.
Regional Analysis
The lyophilization equipment market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The primary reasons driving the growth of the North American lyophilization equipment market include an increase in R&D efforts and the increasing approval of biological products. The top market participants in North America are collaborating with academic institutions to improve and transform the freeze-drying process, also known as lyophilization. For example, Purdue University researchers and industry experts are collaborating in 2018 to change the lyophilization process.
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In-depth analysis of the Lyophilization Equipment Market
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Global, regional and country level historical data and forecasts
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Market segment analysis and forecast
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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Target Audience
Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-
Distributors
Suppliers
Manufacturers
Logistics organizations
Government bodies
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The major players in the lyophilization equipment market are Azbil Telstar SL (Azbil Corporation), GEA Group, Labconco Corporation, Lyophilization Technology Inc., Martin Christ Gefriertrocknungsanlagen GmbH, Millrock Technology Inc, Optima Packaging Group GmbH, SP Industries, Tofflon Science and Technology Co. Ltd.
The rising global prevalence of chronic diseases, combined with significant technological developments in these devices, is expected to drive demand for lyophilization equipment.