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Industry Overview
Lyophilization Equipment Market size valuation was recorded at more than USD 6 billion in 2021 and is expected to grow at over 9% CAGR from 2022 to 2030 driven by promising technological advancements in lyophilization technology.
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Lyophilizer machines and equipment are experiencing heavy demand recently. Improved focus on the development of biopharmaceuticals, including protein-based medicines, is encouraging pharmaceutical companies to manufacture innovative products through lyophilization.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | USD 6 Billion |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 9% |
2030 Value Projection: | USD 13 Billion |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 140 |
Tables, Charts & Figures: | 198 |
Segments covered: | Product, Scale of Operation, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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High installation and maintenance cost may restrain industry progression
High setup and maintenance cost of freeze-drying equipment is restraining lyophilization equipment market progress. Factors including high commercial value, elevated cost of equipment that is increasing consumer preference for the outsourcing of the procedure, and extensive requirement of labor and time for the process are impacting the affordability of lyophilization equipment. Nevertheless, surging prevalence of chronic diseases globally, along with notable technological advancements in these devices, is set to drive the demand for lyophilization equipment.
Uniform drying abilities to push rotary freeze dryers segment growth
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In terms of product, the lyophilization equipment market is categorized into manifold freeze dryers, tray-style freeze dryers, and rotary freeze dryers. The rotary freeze dryers segment is anticipated to reach USD 300 million by 2030. The increased use of the lyophilization technique for drying cubes, pellets, and other aqueous solutions is augmenting the uptake of rotary freeze dryers. These freeze dryers offer uniform drying in the product while providing longer shelf life, which is foreseen to push the segment revenue.
Powerful features to help pilot-scale lyophilization equipment demand gain traction
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With respect to scale of operation, the lyophilization equipment market is divided into pilot scale, bench top, and industrial scale. The pilot-scale lyophilization equipment segment is expected to progress at above 9% CAGR over 2022-2030. The soaring utilization of pilot-scale lyophilizers in small-scale production units and research laboratories is amplifying market share. Additionally, the system features an advanced temperature control system, offers better service life and easy installation, and is low maintenance, which is also facilitating the segment development.
Increasing healthcare expenditure to boost product penetration in biotechnology applications
Based on application, the lyophilization equipment market is segregated into pharmaceutical, biotechnology, biomedical, food processing, and others. The biotechnology segment is projected to expand at more than 9% CAGR between 2022 and 2030. This is attributable to the burgeoning healthcare expenditure in developing regions of Asia Pacific and Latin America to facilitate efficient care and treatment for patients suffering from infectious and chronic diseases.
Technological development to aid North America emerge as a prominent revenue pocket
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North America lyophilization equipment market held a substantial share of 34% in 2021 and is foreseen to further amass sizable gains by 2030. Increasing healthcare expenditure in the region is estimated to support the market expansion. Furthermore, key players are focusing on developing new techniques in lyophilization equipment, which is slated to amplify product adoption in the region.
Product innovation to support the lyophilization equipment industry outlook
GEA Group, Scala Scientific, Telstar, SP Industries, Inc., Labconco, Optima Pharma, BUCHI, Millrock Technology Inc., HOF Sonderanlagenbau GmbH, and ZIRBUS Technology GmbH are some of the key lyophilization equipment industry players. These companies majorly focus on rigorous R&D projects, along with effective growth strategies, including partnerships and collaborations, to strengthen their market position.
Impact of COVID-19 on the lyophilization equipment market trends
The COVID-19 pandemic positively impacted the lyophilization equipment industry due to mounting demand for diagnosis, treatment, and prevention of the coronavirus infection. The pharmaceutical and biotechnology companies are working on advancing freeze-drying technologies to deliver high-performance therapies, which is bolstering market expansion. Technological advancements in lyophilization equipment have also simplified the process of development, management, and deployment of vaccines to fulfill the demand for massive vaccination drives globally, thereby stimulating business progress.
The lyophilization equipment market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030 for the following segments:
By Product
- Tray-style Freeze Dryers
- Manifold Freeze Dryers
- Rotary Freeze Dryers
By Scale of Operation
- Bench-top Lyophilization Equipment
- Pilot-scale Lyophilization Equipment
- Industrial-scale Lyophilization Equipment
By Application
- Pharmaceutical
- Biotechnology
- Biomedical
- Food Processing
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- The Netherlands
- Others
- Asia Pacific
- Japan
- China
- India
- Australia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Others
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Others
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