Press release
Lyophilization Market Is Anticipated To Reach US$ 2.3 Billion By 2032
According to Fact.MR, a market research and competitive intelligence provider, the global lyophilization market is set to experience strong expansion at an incline of 8.8% CAGR across the 2022-2032 assessment period. As per the report, the market is poised to be valued at US$ 2.3 billion by the end of 2032.Increasing need for lyophilization for product stability is having a positive impact on the overall growth of the lyophilization market. Pharmaceutical drugs have to be developed and manufactured in high quality conditions, and lyophilization helps in achieving the extended shelf-life of drugs with almost no contamination because it provides the finest aseptic conditions.
Since the prevalence of several diseases is increasing day by day, mainly due to the rising geriatric population, the pharmaceutical industry has experienced growing demand. High growth of the pharmaceutical industry has also driven the lyophilization market.
As per the International Federation of Pharmaceutical Manufacturers and Associations Facts and Figures 2021, there were around 2,740 cancer drugs, 1,535 immunology drugs, 1,498 neurology drugs, and 1,213 infectious diseases drugs in development in 2020.
The acceptance of lyophilized products in the field of pharmaceutical and food processing has increased the adoption of freeze dryers so that products of superior quality can be produced.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ -https://www.factmr.com/connectus/sample?flag=S&rep_id=7552?PS
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข The freeze dryers product segment is estimated to grow 73.3% by 2032.
โข The industrial-scale segment has seen the largest utilization of the lyophilization process. This segment enjoyed a market share of 40.6% in terms of revenue in in 2021.
โข By end user, biopharmaceutical companies hold 34.9% market share.
โข North America led the global market with 34.8% market share in 2021 and is estimated to exhibit 7.9% CAGR over the forecast duration (2022-2032).
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐ฒ๐จ๐ฉ๐ก๐ข๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
By Product Type :
Freeze Dryers
Tray-style Dryers
Rotary Freeze Dryers
Manifold Freeze Dryers
Accessories
Drying Chambers
Vacuum Systems
CIP (Clean-in-place) Systems
Other Accessories
By Scale of Operation :
Pilot-scale
Laboratory-scale
Industrial-scale
By End User :
Biopharmaceutical Companies
Food and Beverage Companies
Academic and Research Institutes
CROs & CMOs
Hospitals
Research Laboratories
By Region :
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Acquisition of new machines by players helps in providing advanced technology products. Product launches and actively collaborating with other companies are key strategies followed by many market players.
In January 2022, Zirbus Technology acquired a new machine for the high-performance double spindle/Y-axis turning center in its machine department. This was done to optimize the workflow and cut down on the time taken in several processes.
In 2018, MechaTech Systems Ltd. announced a partnership with laboratory equipment supplier DP Union in Brazil. This partnership was done to have a distributor of LyoDry freeze dryers in the country.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โข Azbil Corporation
โข Zirbus Technology GmbH
โข HOF Sonderanlagenbau GmbH
โข Millrock Technology, Inc.
โข Cryotec.Fr
โข MechaTech Systems Ltd.
โข SP Industries, Inc.
โข Martin Christ Gefriertrocknungsanlagen GmbH
โข Cuddon Freeze Dry
โข Neologic Engineers Private Limited
โข Labconco Corporation
โข BรCHI Labortechnik AG
โข Yamato Scientific America Inc.
โข Lyophilization Systems Ltd.
โข Freeze-drying Systems Pvt. Ltd.
โข IMA - Industria Macchine Automatiche S.p.A.
โข GEA Group
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=7552?PS
๐๐จ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐
Fact.MR, in its new offering, presents an unbiased analysis of the cardiogenic shock market, presenting historical demand data (2012-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of product (freeze dryers (tray-style dryers, rotary freeze dryers, manifold freeze dryers), scale of operation (pilot-scale, laboratory-scale, industrial-scale), and end-user (biopharmaceutical companies, food & beverage companies, academic & research institutes, CROs & CMOs, hospitals, research laboratories), across seven key regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa).
Contact:
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Rockville, Md 20852
United States
Tel: +1 (628) 251-1583
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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