Lyophilization Equipment Market Size, Share, Opportunities, And Trends By Technology (Manifold, Rotary, Tray-Style, Others), By Accessories (Vacuum System, Clea to Clean System, Drying System, Others), By Application (Food Processing, Packaging, Medical Application), And By Geography - Forecasts From 2023 To 2028

The lyophilization equipment market is projected to expand at a CAGR of 6.19% to grow to US$3,249.092 million by 2028 from US$2,134.144 million in 2021.

Lyophilization involves freeze drying, which transforms a drug from its liquid to solid form which is done by eliminating water and other solvents from the mixture. The pharmaceutical industry is the main end-user of lyophilization equipment which is widely used to extend the shelf life of drugs and keep APIs sterilized.  The increasing demand for protein-based drugs is anticipated to provide an edge for market growth. Additionally, the increasing demand for commercially available injectables and vaccines for various diseases and booming contract manufacturing in the biopharmaceutical companies is increasing the need for such equipment thereby attributing to the overall market growth.

Increasing Utilization in Pharmaceutical Sector

The scope of lyophilization is increasing in the pharmaceutical and biopharmaceutical industry owing to its quality preservation features. For instance, the Pharmaceutical Journal published in July 2021, recognized lyophilization as one of the most employed processes in producing pharmaceutical products that have a thermo-sensitive and unstable form of the aqueous medium. Through such a method, stability and long-term storage in dry form is ensured. The European Federation of Pharmaceutical Industries and Associations (EFPIA) estimated that the investment in research and development by pharmaceutical companies is increasing in recent times. Growth of 4.6% was registered from the year 2020 to 2021, and this trend is expected to be followed in the coming years.

Asia Pacific is Expected to Grow Considerably

North America is expected to hold a significant share of the lyophilization equipment market during the forecast period. The factors attributed to such a share are the booming pharmaceutical production, improved investments in medical applications coupled with new product launches.  Moreover, there is a rising demand for freeze-dried products in various sectors, including the pharmaceutical, food and beverage, and biotechnology industries. Freeze drying helps in preserving the integrity and efficacy of sensitive substances, such as vaccines, proteins, and probiotics.

Key Market Developments

• In November 2022, Telstar expanded its process laboratory service for sterilization and freeze-drying by incorporating a new approach in which the company would adopt cold sterilization methods for freeze drying and conventional high-temperature sterilization will be done for non-compatible pharmaceutical and medical products.
• Dr. Reddy’s Laboratories Limited, in October 2021, launched a lyophilized powder “carmustine for injections” which was approved by the US FDA and the powder comes with 100 mg of medication and 3 ml of sterile diluents. In the projected period, many such lyophilized drugs are anticipated to launch in the market and are anticipated to boost the market growth for the lyophilization market.

Lyophilization Equipment Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$2,134.144 million
Market Size Value in 2028	US$3,249.092 million
Growth Rate	CAGR of 6.19% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Million
Segments Covered	Technology, Accessories, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	OPTIMA Packaging Group GmbH, Millrock Technology, Inc, SP Industries Inc., Azbil Corporation, GEA Group Aktiengesellschaft, Lanconco, Martin Christ Gefriertrocknungsanlagen GmbH, Hof Enterprise Group, ZIRBUS Technology ZmbH, Coolvacuum Technologies, SL
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Technology
  • Manifold
  • Rotatory
  • Tray-Style
  • Others
• By Accessories
  • Vacuum System
  • Clea to Clean System
  • Drying System
  • Others
• By Application
  • Food Processing
  • Packaging
  • Medical Application
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • United Arab Emirates
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Data

2.3. Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. LYOPHILIZATION EQUIPMENT MARKET, BY TECHNOLOGY 

5.1. Introduction

5.2. Manifold

5.3. Rotatory

5.4. Tray-Style

5.5. Others

6. LYOPHILIZATION EQUIPMENT MARKET, BY ACCESSORIES 

6.1. Introduction

6.2. Vacuum System

6.3. Clea to Clean System

6.4. Drying System

6.5. Others

7. LYOPHILIZATION EQUIPMENT MARKET, BY APPLICATION 

7.1. Introduction

7.2. Food Processing

7.3. Packaging

7.4. Medical Application

8. LYOPHILIZATION EQUIPMENT MARKET, BY GEOGRAPHY  

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Italy

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. Israel

8.5.3. United Arab Emirates

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Taiwan

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. OPTIMA Packaging Group GmbH

10.2. Millrock Technology, Inc

10.3. SP Industries Inc.

10.4. Azbil Corporation

10.5. GEA Group Aktiengesellschaft

10.6. Lanconco

10.7. Martin Christ Gefriertrocknungsanlagen GmbH

10.8. Hof Enterprise Group

10.9. ZIRBUS Technology ZmbH

10.10. Coolvacuum Technologies, SL

OPTIMA Packaging Group GmbH

Millrock Technology, Inc

SP Industries Inc.

Azbil Corporation

GEA Group Aktiengesellschaft

Lanconco

Martin Christ Gefriertrocknungsanlagen GmbH

Hof Enterprise Group

ZIRBUS Technology ZmbH

Coolvacuum Technologies, SL