Press release
Lyophilization Services For Biopharmaceuticals Market Research By Major Industry Firms And Top Key Player Forecast Till 2028
The Lyophilization Services For Biopharmaceuticals Market is expected to grow from US$ 2,051.41 million in 2022 to US$ 3,586.55 million by 2028; it is estimated to register a CAGR of 9.9% from 2023 to 2028.The lyophilization services for biopharmaceuticals market growth is attributed to the rising demand for lyophilized products and rapidly growing contract manufacturing and lyophilization services across the world. However, the demerits associated with lyophilization process hinder the lyophilization services for biopharmaceuticals market growth.
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Analysis of the Top Market Players:
1. ATTWILL Medical Solutions
2. Axcellerate Pharma LLC
3. Labyrinth Biopharma LLC
4. Berkshire Sterile Manufacturing
5. PCI Pharma Services
6. Curia Global Inc
7. Emergent BioSolutions Inc
8. Jubilant HollisterStier LLC
9. Biofortuna
10. Lyophilization Technology Inc.
11. SYNERLAB GROUP
In this report, the market has been segmented on the basis of:
Service Type (Lyophilization Cycle Development, Clinical Manufacturing, Commercial Manufacturing, and Freeze Drying Analytical Services)
End User (Pharmaceutical & Biotechnology Companies, Research Institutes, and Others)
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Rising Demand for Lyophilized Products Drives Lyophilization Services for Biopharmaceuticals Market Growth
Lyophilization is a freeze drying method that removes water from the material to extend its stability and shelf life. The products processed under lyophilization are frozen under high vacuum that is majorly used for application in pharmaceutical industries to manufacture high quality and affordable products. Many new parenteral products, including biotechnology-derived products, in-vitro diagnostics, and anti-infectives, are manufactured as lyophilized products. Many antibiotics such as some cephalosporins, semi-synthetic penicillin, erythromycin salts, chloramphenicol, and doxycycline are made by the lyophilization process. Low bioburden is expected when batching antibiotics formulations, which can be attained using lyophilization. Similarly, a few other dosage forms such as methylprednisolone sodium succinate, hydrocortisone sodium succinate, and many biotechnology-derived products are lyophilized.
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