Lyophilization equipment market size was valued at $5.01 billion in 2020 and is projected to reach $10.6 billion by 2030 registering a CAGR of 7.80% from 2021 to 2030.
List of Key Players
The key market players profiled in the report include Thermo Fisher Scientific, Inc., Azbil Telstar SL (Azbil Corporation), GEA Group, Millrock Technology Inc, Zirbus Technology GmbH, Harbour Group Industries (SP Industries), Biopharma Process Systems Ltd., LTE Scientific Ltd, Martin Christ Gefriertrocknungsanlagen GmbH, and Labconco Corporation.
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Lyophilization refers to the process of water removal that is particularly utilized in the preservation of perishable products. A lyophilizer is the equipment that executes the dehydrate process that is typically used to preserve perishable materials, to extend shelf life, or make the material more convenient for storage or transport. Lyophilizer works by freezing the material, then reducing the surround to allow the frozen water (ice) to sublimate.
The major factors that impact growth of the lyophilization equipment market include growing demand for lyophilized products & preserved food, and technological advancements in lyophilization equipment to enhance the scalability and quality of end products and reduce the time taken for the process. In addition, rise in production of protein-based drugs, injectable and biopharmaceuticals in biopharmaceutical companies that need the lyophilization equipment to give better stability, longer shelf life and broader range of temperature are estimated to possibly boost the market growth. However, rise in utilization of alternative drying techniques in the pharmaceutical and biotechnology industries, high setup and maintenance cost of freeze-drying equipment and strict regulatory guidelines are expected to hinder the lyophilization equipment market growth. On the other hand, rise in the contract lyophilization and manufacturing services are expected to offer profitable opportunities for growth of the market during the forecast period.
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COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has helped the industry to grow significantly, as the demand for lyophilization equipment has increased owing to growing need to improve a stability of Sars-CoV-2 virus vaccines such as mRNA-LNP SARS-CoV-2 vaccine. This supports the lyophilization equipment market to gain traction during the forecast period.
The global lyophilization equipment market is segmented on the basis of modality, scale of operation, application and region. By modality, it is bifurcated into dryer and accessories. The dryer includes tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers. In addition, accessories include vacuum systems, CIP (clean-in-place) systems, drying chamber, and other accessories include loading and unloading systems, control and monitoring system, freeze drying, trays/shelves, manifolds, and others. The accessories was the major shareholder 2020, owing to increase in usage of lyophilization equipment accessories in pharmaceutical and biotech companies as well as food processing and packaging companies for manufacturing of lyophilized products.
By scale of operation, it is segmented into industrial-scale, pilot-scale and laboratory-scale. The industrial scale segment dominated the global lyophilization equipment market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to the cost affordability and large volume drying in industrial scale. Furthermore, growing applications in industrial scale manufacturing in food and pharmaceuticals production and packaging for improved product life will stimulate the segment growth potential.
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