IMARC Group, a leading market research company, has recently released a report titled “ Lyophilization Equipment and Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global lyophilization equipment and services market size , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the lyophilization equipment and services market?
The global lyophilization equipment and services market size reached US$6.07 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$8.88 Billion by 2028, exhibiting a growth rate (CAGR) of 6.44% during 2023-2028.
What is lyophilization equipment and services?
Lyophilization, also known as freeze-drying, represents a stabilizing process where a substance is frozen, followed by the removal of solvents, such as water, via desorption and sublimation. It involves the utilization of various equipment, including sterilizable lyophilizers and lab and non-sterile freeze-dryers. Lyophilization operations are also outsourced to several qualified service providers, such as contract manufacturing organizations (CMOs) that offer specialized equipment and expertise at lower costs. These tools and services are widely used to preserve various perishable goods, including biological samples, food products, museum exhibition objects, drugs, dairy, astronaut meals, and nutraceuticals. Compared to conventional drying methods, lyophilization retains colors and volatiles, maintains the shape and form of the products, and provides faster rehydration.
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What are the growth prospects and trends in the lyophilization equipment and services?
The escalating demand for these tools in the pharmaceutical industry to improve the stability and storage of labile medicines, purify samples, dry heat-sensitive drugs at low temperatures, produce diagnostics, and manufacture solid dosages that are easy to store, ship, and later reconstituted to its original form is primarily driving the lyophilization equipment and services market. Besides this, the elevating requirement for this process to develop biopharmaceuticals, such as cell and gene therapies, antibodies, protein-based medicines, and nucleic acids, is further augmenting the market growth. Moreover, the introduction of advanced lyophilization equipment that reduce cross-contamination, allow endpoint determination, offer simultaneous loading and defrosting, provide steam sterilization, and ensure high accuracy and safety is also catalyzing the global market. Apart from this, the increasing product need in the dairy sector to extend the shelf-life of yogurt, milk, ice cream, and cheese is acting as another significant growth-inducing factor. Furthermore, the growing popularity of these solutions, as they reduce capital investment, provide expertise, and assist businesses in improving efficiency and cost-saving, is expected to bolster the lyophilization equipment and services market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Modality Insights:
- Dryer
- Tray-Style Freeze Dryer
- Manifold Freeze Dryer
- Rotary Freeze Dryer
- Accessories
- Vacuum Systems
- CIP (Clean-in-place) Systems
- Drying Chamber
- Others
- Services
Scale of Operation Insights:
- Bench Top
- Pilot Scale
- Industrial Scale
Application Insights:
- Pharmaceutical and Biotech Manufacturing
- Food Processing and Packaging
- Others
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- GEA Group AG
- IMA Industria Macchine Automatiche S.p.A.
- Labconco Corporation
- Martin Christ Gefriertrocknungsanlagen GmbH
- MechaTech Systems Ltd
- Millrock Technology Inc.
- OPTIMA packaging group GmbH
- Telstar (Azbil Corporation)
- Thermo Fisher Scientific Inc.
- W. L. Gore
- Associates Inc.
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