Home > Pressrelease > Lyophilization Equipment Market size to exceed $13Bn by 2030
Lyophilization Equipment Market size to exceed $13Bn by 2030
- Published Date: October 12, 2022
Lyophilization Equipment Market size is anticipated to surpass USD 13 billion by 2030, according to a new research report by Global Market Insights Inc.
The report identifies that the technological advancements in lyophilization equipment will boost end-product quality and amplify scalability. For instance, an advanced tray-freeze dryer enables in-place freezing of the product, performing both primary and secondary freeze-drying, which results in the driest possible end product. Such novel technologies are expected to bolster the industry growth.
Mass freeze drying capability to increase demand for tray-style freeze dryers
Tray style freeze dryers segment surpassed USD 4.5 billion in 2021. The ability of tray-style freeze dryers to carry out freeze drying in large quantities irrespective of containers or vials used, along with supporting primary as well as secondary drying to produce high-stability products with a longer shelf life is anticipated to fuel the segment progression.
Prominent usage in small-scale operations to push market size
Lyophilization equipment market from the bench-top scale of operation segment was worth more than USD 543 million in 2021. This equipment is economical and easily stabilizes and preserves fragile biological materials. These lyophilizers are ideal for small-scale operations as they are equipped with customized tray spacing and vacuum lyophilization technology. Consequently, the mounting use of such freeze dryers for small-scale operations is poised to contribute to the robust growth of the segment.
Browse key industry insights spread across 140 pages with 181 market data tables & 16 figures & charts from the report, “Lyophilization Equipment Market Analysis By Product (Tray Style Freeze Dryers, Manifold Freeze Dryers, Rotary Freeze Dryers), By Scale of Operation (Bench Top, Pilot Scale, Industrial Scale), By Application (Pharmaceutical, Biotechnology, Biomedical, Food Processing), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
Surging healthcare spending to augment the business outlook
Lyophilization equipment market from the biomedical application segment is speculated to exhibit above 8.5% CAGR between 2022 and 2030. Significant healthcare expenditure on various R&D projects is set to promote product adoption. The segment expansion is slated to be further driven by the key role played by lyophilized vaccines, such as typhoid, measles, and meningococcal polysaccharide vaccine.
Asia Pacific industry to benefit from proliferating demand for freeze-dried products
Asia Pacific lyophilization equipment industry is expected to surpass USD 2 billion by 2030. The region is anticipated to emerge as a major hub for this industry owing to soaring demand for freeze-dried products, including lyophilized medicines. In addition, the increasing focus of key industry players in emerging countries across the region to capture a major market share is speculated to augment the APAC market demand.
Product launches to remain a key factor for industry expansion
Some of the key lyophilization equipment industry players profiled in the report include GEA Group, Scala Scientific, Telstar, Buchi, Millrock Technology Inc., HOF Sonderanlagenbau GmbH, and ZIRBUS, among others.
Explore More on Related Topics: