Lyophilization Equipment Market Size

Lyophilization Equipment Market Size

Lyophilization Equipment Market size reached USD 6.6 billion in 2022 and is projected to depict 9.4% CAGR from 2023-2032, driven by higher demand from the pharmaceutical and food processing sectors.

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The growing emphasis on the development of biopharmaceuticals will drive the market expansion. In recent years, the rising popularity of protein-based medications has compelled pharmaceutical companies to come up with novel products using lyophilization to prepare samples. Processes, such as freeze-drying offer special preservation abilities in a wide range of applications. The increasing usage of lyophilizers in food preservation activities to extend shelf life, preserve vital nutrients, and improve flavour of natural food products, including vegetables, fruits, meats, and coffee will boost the market share

The rising cost of lyophilization devices is one of the primary factors limiting the market progress. Though freeze-drying equipment has high commercial value, the expensive nature of this technology makes its outsourcing more popular than investing in brand-new and expensive equipment. Moreover, the procedure requires additional labor and time since the material containers must be thoroughly cleaned before the new target material is added. The rising concerns associated with the affordability of lyophilization equipment by new entrants or small businesses is also posing as a restraint for the industry development.