Global lyophilization equipment market share is anticipated to expand at a significant pace over the coming years, as a result of the rapid expansion of the food & biotechnology industry and subsequent demand for lyophilization technique to process perishable products.
The global market has witnessed high technological advancements in freeze-drying equipment to ensure long-term product storage capabilities. Rising innovation, coupled with the robust demand for high-quality solutions with longer shelf-life, is expected to further add impetus to the lyophilization equipment market expansion in years to come.
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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.
Bench top lyophilization equipment industry size was valued at US$440 million in 2019 and is estimated to grow substantially by 2026. Advantages including ease of handling and lower cost make the equipment highly preferable. These systems serve as an economically viable solution for a liquid sample of comparatively smaller size.
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.
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.
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 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.
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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)
Chapter 6 Lyophilization Equipment Market, By Application
6.1 Key segment trends
6.2.1 Market size, by region, 2015 – 2026 (USD Million)
6.3.1 Market size, by region, 2015 – 2026 (USD Million)
6.4.1 Market size, by region, 2015 – 2026 (USD Million)
6.5 Food processing
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