Lyophilization Equipment Market No. of Pages- 246
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2021-2030 Download Report Sample
Lyophilization Equipment Market
Lyophilization equipment market size was valued at $5.01 billion in 2020 and is projected to reach $10.6 billion by 2030 registering a CAGR of 7.80% from 2021 to 2030.
Lyophilization refers to the process of water removal that is particularly utilized in the preservation of perishable products. A lyophilizer is the equipment that executes the dehydrate process that is typically used to preserve perishable materials, to extend shelf life, or make the material more convenient for storage or transport. Lyophilizer works by freezing the material, then reducing the surround to allow the frozen water (ice) to sublimate.
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Lyophilization Equipment Market
The major factors that impact growth of the lyophilization equipment market include growing demand for lyophilized products & preserved food, and technological advancements in lyophilization equipment to enhance the scalability and quality of end products and reduce the time taken for the process. In addition, rise in production of protein-based drugs, injectable and biopharmaceuticals in biopharmaceutical companies that need the lyophilization equipment to give better stability, longer shelf life and broader range of temperature are estimated to possibly boost the market growth.
However, rise in utilization of alternative drying techniques in the pharmaceutical and biotechnology industries, high setup and maintenance cost of freeze-drying equipment and strict regulatory guidelines are expected to hinder the lyophilization equipment market growth. On the other hand, rise in the contract lyophilization and manufacturing services are expected to offer profitable opportunities for growth of the market during the forecast period.
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Lyophilization Equipment Market
The global lyophilization equipment market is segmented on the basis of modality, scale of operation, application and region. By modality, it is bifurcated into dryer and accessories. The dryer includes tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers. In addition, accessories include vacuum systems, CIP (clean-in-place) systems, drying chamber, and other accessories include loading and unloading systems, control and monitoring system, freeze drying, trays/shelves, manifolds, and others. The accessories was the major shareholder 2020, owing to increase in usage of lyophilization equipment accessories in pharmaceutical and biotech companies as well as food processing and packaging companies for manufacturing of lyophilized products. By scale of operation, it is segmented into industrial-scale, pilot-scale and laboratory-scale. The industrial scale segment dominated the global lyophilization equipment market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to the cost affordability and large volume drying in industrial scale. Furthermore, growing applications in industrial scale manufacturing in food and pharmaceuticals production and packaging for improved product life will stimulate the segment growth potential. Based on application, it is segmented into food processing and packaging, pharmaceutical and biotech manufacturing, medical applications, and others include surgical application, and others. The food processing and packaging acquired the largest share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in applications of lyophilization as a preservation technique for food products, as it retains the nutritional value and flavor of the food. Food ingredients are also freeze-dried to increase their shelf life, which is further propelling the use of this technology in food processing.
Lyophilization Equipment Market
The Major Key Players Are: The key market players profiled in the report include Thermo Fisher Scientific, Inc., Azbil Telstar SL (Azbil Corporation), GEA Group, Millrock Technology Inc, Zirbus Technology GmbH, Harbour Group Industries (SP Industries), Biopharma Process Systems Ltd., LTE Scientific Ltd, Martin Christ Gefriertrocknungsanlagen GmbH, and Labconco Corporation.
Lyophilization Equipment Market
Key Findings of the Study: Based on modality, the accessories held largest share in the global market in 2020. Based on scale of operation, the industrial scale held largest lyophilisation equipment market share in 2020 and is expected to remain dominant throughout the forecast period. By application, the food processing and packaging dominate the global market in 2020 and is anticipated to continue this trend during the forecast period. Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 9.00% during the forecast period.
Lyophilization Equipment Market
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