Lyophilization Market Size Is Expected to Hit US$ 2.3 Billion by 2032

According to Fact.MR, a market research and competitive intelligence provider, the global lyophilization market is set to experience strong expansion at an incline of 8.8% CAGR across the 2022-2032 assessment period. As per the report, the market is poised to be valued at US$ 2.3 billion by the end of 2032.The acceptance of lyophilized products in the field of pharmaceutical and food processing has increased the adoption of freeze dryers so that products of superior quality can be produced.

Since the prevalence of several diseases is increasing day by day, mainly due to the rising geriatric population, the pharmaceutical industry has experienced growing demand. High growth of the pharmaceutical industry has also driven the lyophilization market.As per the International Federation of Pharmaceutical Manufacturers and Associations Facts and Figures 2021, there were around 2,740 cancer drugs, 1,535 immunology drugs, 1,498 neurology drugs, and 1,213 infectious diseases drugs in development in 2020.

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Key Takeaways from Market Study

• The freeze dryers product segment is estimated to grow 73.3% by 2032.
• The industrial-scale segment has seen the largest utilization of the lyophilization process. This segment enjoyed a market share of 40.6% in terms of revenue in in 2021.
• By end user, biopharmaceutical companies hold 34.9% market share.
• North America led the global market with 34.8% market share in 2021 and is estimated to exhibit 7.9% CAGR over the forecast duration (2022-2032).

“Increasing demand for lyophilization services in biopharmaceutical, pharmaceutical, and food processing companies is likely to fuel market growth globally,” says a Fact.MR analyst.

Key Segments Covered in Lyophilization Industry Research

• By Product Type :
  • Freeze Dryers
    • Tray-style Dryers
    • Rotary Freeze Dryers
    • Manifold Freeze Dryers
  • Accessories
    • Drying Chambers
    • Vacuum Systems
    • CIP (Clean-in-place) Systems
    • Other Accessories
• By Scale of Operation :
  • Pilot-scale
  • Laboratory-scale
  • Industrial-scale
• By End User :
  • Biopharmaceutical Companies
  • Food and Beverage Companies
  • Academic and Research Institutes
  • CROs & CMOs
  • Hospitals
  • Research Laboratories
• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Competitive Landscape

Acquisition of new machines by players helps in providing advanced technology products. Product launches and actively collaborating with other companies are key strategies followed by many market players.

• In January 2022, Zirbus Technology acquired a new machine for the high-performance double spindle/Y-axis turning center in its machine department. This was done to optimize the workflow and cut down on the time taken in several processes.
• In 2018, MechaTech Systems Ltd. announced a partnership with laboratory equipment supplier DP Union in Brazil. This partnership was done to have a distributor of LyoDry freeze dryers in the country.

Key Market Players

• Azbil Corporation
• Zirbus Technology GmbH
• HOF Sonderanlagenbau GmbH
• Millrock Technology, Inc.
• Cryotec.Fr
• MechaTech Systems Ltd.
• SP Industries, Inc.
• Martin Christ Gefriertrocknungsanlagen GmbH
• Cuddon Freeze Dry
• Neologic Engineers Private Limited
• Labconco Corporation
• BÜCHI Labortechnik AG
• Yamato Scientific America Inc.
• Lyophilization Systems Ltd.
• Freeze-drying Systems Pvt. Ltd.
• IMA – Industria Macchine Automatiche S.p.A.
• GEA Group

More Market Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the cardiogenic shock market, presenting historical demand data (2012-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of product (freeze dryers (tray-style dryers, rotary freeze dryers, manifold freeze dryers), scale of operation (pilot-scale, laboratory-scale, industrial-scale), and end user (biopharmaceutical companies, food & beverage companies, academic & research institutes, CROs & CMOs, hospitals, research laboratories), across seven key regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa).

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