Lyophilization Equipment Market to get significant proceeds by 2026

Lyophilization Equipment Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Ongoing research and development in the biopharmaceutical sector is fueling the expansion of global lyophilization equipment market. The technology helps preserve the stability and integral structure of the sample, improving drug development and discovery.

Biological products are sensitive to heat and moisture. They require specific temperature conditions for storage. Lyophilization techniques help meet these requirements, ensuring optimum product quality and a longer shelf life. Leading industry players are constantly innovating to develop novel solutions and cater to the increasing demand for lyophilized products. 

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According to a research report compiled by GMI, global lyophilization equipment market size garnered more than US$5 billion in revenue in 2019 and is projected to record a robust 8.6% CAGR through 2026.

Manufacturers in the biopharmaceutical sector worldwide are indulging in various R&D activities to enhance the quality and shelf life of the biological products. These products are sensitive to heat and moisture and require a specific temperature for storage.

According to the European journal of pharmaceutics and biopharmaceutics, there has been steady expansion and ongoing development of lyophilizing equipment in the pharmaceutical sector. In various studies, novel container systems and formulation aspects were discussed, including the importance of freezing steps. It further added that the PAT (process analytical technology) and QbD (quality by design) are key focus areas currently in the industry.

In addition, lyophilization techniques have been gaining widespread adoption in the food industry to cater to major concerns such as product perishability. Rising urbanization and lifestyle changes have led to an increased intake of preserved foods. These factors will push the demand for freeze-drying equipment and in turn, contribute to the rising popularity of the lyophilization equipment market over the projected timeframe.

In terms of segmentation by product, the manifold freeze dryers segment held a market share of over 24% and is likely to account for a considerable share in years ahead. The segmental growth can be credited to the rising integration of advanced sensors and technologies for the development of highly lyophilized products.

Based on scale of operation, the global lyophilization equipment market from the bench top segment recorded remuneration worth more than $440 million in 2019, which is attributable to the ease of handling and cost-effective nature associated with the products.

Bench top systems provide economically feasible solutions for comparatively small liquid samples. Mounting R&D activities in the biotechnology and pharmaceutical industries will further stimulate the segmental growth in years ahead.

With regards to the application spectrum, the biotechnology segment accounted for a market share of nearly 15% in 2019, owing to the escalating demand for pre-lyophilized or Iyo-ready products in this sector.

Myriad product benefits such as low shipping costs, reduced refrigerated warehouse requirements, and simplified product use, alongside extensive application of the lyophilization technique in freeze-dried biological molecules, will further influence segmental growth in the upcoming years.

From a regional perspective, the Europe lyophilization equipment market is projected to exhibit a CAGR of 8.5% through 2026, which can be attributed to the rapid pharmaceutical industry growth due to the increasing burden of chronic diseases among the geriatric population in the region.

The demand for lyophilization equipment will further be driven by the increasing commercialization and production of vaccines and drugs. In addition, industrial development is expected to boost the lyophilizer equipment supply in the region over the forthcoming years.

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The competitive landscape of the lyophilization equipment market comprises of companies such as Scala Scientific, Millrock Technology, Inc., SP Industries, Labconco, GEA group, and Telstar, among others. These companies are aiming towards gaining lucrative growth opportunities and expanding their regional presence through strategic initiatives such as M&A and new product launches.

For instance, in January 2019, SP Scientific launched LyoS 2.0, which is a line-of-sight enabled lyophilizer control system. The system was designed with an objective to deliver unmatched process control for every stage of the product cycle such as freezing and primary & secondary drying. 

Partial Chapter of the Table of Content 

Chapter 4   Lyophilization Equipment Market, By Product

4.1    Key segment trends

4.2    Tray style freeze dryers

4.2.1    Market size, by region, 2015 – 2026 (USD Million)

4.3    Manifold freeze dryers

4.3.1    Market size, by region, 2015 – 2026 (USD Million)

4.4    Rotary freeze dryers

4.4.1    Market size, by region, 2015 – 2026 (USD Million)

Chapter 5   Lyophilization Equipment Market, By Scale of Operation

5.1    Key segment trends

5.2    Bench top

5.2.1    Market size, by region, 2015 – 2026 (USD Million)

5.3    Pilot scale

5.3.1    Market size, by region, 2015 – 2026 (USD Million)

5.4    Industrial scale

5.4.1    Market size, by region, 2015 – 2026 (USD Million)

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