Lyophilization Equipment Market Analysis

Lyophilization Equipment Market Analysis

To get key market trends

  Download Free Sample

Based on product, the lyophilization equipment market size from the manifold freeze dryers segment is expected to observe 9.9% CAGR from 2023-2032. The substantial segment growth can be attributed to the increasing usage of these freeze dryers to produce active pharmaceutical ingredients. Manifold freeze dryers are largely deployed due to their advantages, such as cost-effectiveness and ease of operation. Moreover, the growing demand for personalized medicine, diagnostic kits, and specialty food products will propel the market trends.

On the basis of scale of operation, the industrial scale lyophilization equipment market size is anticipated to amass USD 14 billion by 2032. Industrial-scale freeze dryers are largely deployed by large-scale enterprises for the mass manufacturing of freeze-dried items. On account of their excellent efficiency, these lyophilization equipment witness widespread usage in the pharmaceutical and food industries. Furthermore, rising utilization in biotechnology applications will drive the segment growth.

Application wise, the food processing segment held 28% share of the lyophilization equipment market in 2022 and is anticipated to witness notable CAGR from 2023-2032 owing to the surging customer demand for ready-to-eat foods. The expanding rate of urbanization has steered the higher consumption of preserved foods worldwide. Lyophilization has emerged as a popular technique among food processors owing to the increased usage of freeze dryers in the production of coffee and tropical fruits. Consequently, the rapidly growing target population will accelerate the segment demand.

North America held 34% share of the lyophilization equipment market in 2022 and is estimated to reach USD 5.4 billion by 2032. Rising healthcare expenditure, vigorous R&D efforts, and innovations in biopharmaceutical manufacturing are some of the main factors driving the regional market expansion. Additionally, the strong focus of leading local companies on the development of innovative lyophilization equipment techniques to boost revenue sales will strengthen the industry outlook.