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  • Published On : Feb 2022
  • Code : CMI4910
  • Industry : Pharmaceutical
  • Pages : 326
  • Formats :

Lyophilization is also referred to as freeze-drying process. It is a method of isolating a solid substance from a solution by freezing the solution and evaporating it in a vacuum. The lyophilization process is predominately practiced in the biotechnological and pharmaceutical manufacturing industries for the manufacturing of good-quality products with a greater lifespan. Lyophilization is broadly used for the preservation of unstable and heat-sensitive substances and compounds such as microorganisms, proteins, antibodies, biologics, enzymes, blood plasma, vaccines, parenteral, diagnostic reagents, and nutraceuticals.

The global lyophilized product market is estimated to be valued at US$ 393.8 billion in 2021 and is expected to exhibit a CAGR of 7.3% during the forecast period (2021-2028).

Figure 1. Global Lyophilized Product Market Share (%) in Terms of Value, By Drug Class, 2021

Lyophilized Product  | Coherent Market Insights

The increasing prevalence of infectious and autoimmune diseases is expected to drive the market growth during the forecast period

Increasing prevalence of infectious and autoimmune diseases is expected to drive the global lyophilized product market growth over the forecast period. For instance, according to an article published in Microbial Cell in 2020, annually, over 150 million severe cases of fungal infections occur worldwide, resulting in approximately 1.7 million deaths per year.

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Lyophilized Product Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 393.8 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.3%  2028 Value Projection: US$ 645.1 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Drug Class: Anti-infective, Antineoplastic, Diuretics, Proton pump inhibitor, Anesthetic, Anticoagulant, NSAIDs, Others Anti-fungal Drugs
  • By Indication: Infectious Disease Chronic Cavitary Pulmonary Aspergillosis, Autoimmune Diseases Subacute Invasive Aspergillosis, Gastrointestinal Diseases, Cancer, Others
  • By Packaging Type: Vial, Syringes, Cartridge
Companies covered:

Sanofi, Merck & Co., Inc., Fresenius Kabi AG, Ciron Drugs & Pharmaceuticals Pvt. Ltd., Glaxosmithkline Plc, Mylan NV., Pfizer, Inc., Amneal Pharmaceuticals LLC, Otsuka Holdings Co. Ltd., BTG PLC, Bristol-Myers Squibb Company, Novartis AG, Takeda Pharmaceutical Company Limited, Biogen Inc., Dr. Reddy's Laboratories Ltd., Zydus Cadila, AbbVie Inc., Cipla Inc., Johnson & Johnson Services, Inc., Affy Pharma Private Limited, Jubilant Pharmova Limited, and Biocon

Growth Drivers:
  • Increasing prevalence of infectious and autoimmune diseases
  • Increasing product launches and approvals Robust product pipeline
Restraints & Challenges:
  • Product recalls

Figure 2. Global Lyophilized Product Market Share (%), By Packaging Type, 2021

Lyophilized Product  | Coherent Market Insights

Increasing product launches and approvals are expected to drive the market growth during the forecast period.

Increasing product launches and approvals for lyophilized products are expected to drive the global lyophilized product market growth over forecast period. For instance, in May 2021, Dr. Reddy’s Laboratories Ltd., an Indian multinational pharmaceutical company, announced the launch of Ertapenem for Injection, 1 g/vial, a therapeutic equivalent generic version of INVANZ (ertapenem for injection) for injection, 1 g/vial approved by the U.S. Food and Drug Administration (USFDA) in the U.S. market

Global Lyophilized Product Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID-19) pandemic and subsequent lockdown in various countries across the globe have impacted the financial status of businesses in all sectors. Private healthcare sector is one of the sectors which is majorly impacted by the COVID-19 pandemic. The coronavirus pandemic has also negatively impacted the development, production, and supply of medicines and the growth of the pharmaceutical businesses of various companies across the globe. The lockdown has resulted in the closure of industrial establishments, except the manufacturing of essential commodities, and disruption in the supply chain of pharmaceuticals and kits for diagnostic and therapeutic use. Thus, the COVID-19 pandemic has affected the economy in three main ways: 1) by directly affecting the production and demand; 2) disrupting distribution channels; and 3) causing financial impact on firms and financial markets. Supply chain and manufacturing activities in India, China, and the U.S. are disrupted due to global lockdown, while many countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to the transportation of drugs from one place to another

Global Lyophilized Product Market: Restraint

The major factors that are expected to hinder the global lyophilized product market growth include product recalls. For instance, in September 2021, Eli Lilly and Company is an American pharmaceutical company., voluntarily recalled lot D239382D, Expiration April 2022, of Glucagon Emergency Kit for Low Blood Sugar (Glucagon for Injection, 1 mg per vial; Diluent for Glucagon, 1 mL syringe), to the consumer/user level. The company recalled lot D239382D to the patient level because of a product complaint reporting that the vial of Glucagon was in liquid form instead of the powder form. The firm’s investigation indicates that the liquid in the Glucagon vial could be related to the manufacturing process. The use of the liquid form of this product may fail to treat severe low blood sugar due to the loss of potency

Key Players

Major players operating in the global lyophilized product market include Sanofi, Merck & Co., Inc., Fresenius Kabi AG, Ciron Drugs & Pharmaceuticals Pvt. Ltd., Glaxosmithkline Plc, Mylan NV., Pfizer, Inc., Amneal Pharmaceuticals LLC, Otsuka Holdings Co. Ltd., BTG PLC, Bristol-Myers Squibb Company, Novartis AG, Takeda Pharmaceutical Company Limited, Biogen Inc., Dr. Reddy's Laboratories Ltd., Zydus Cadila, AbbVie Inc., Cipla Inc., Johnson & Johnson Services, Inc., Affy Pharma Private Limited, Jubilant Pharmova Limited, and Biocon

Lyophilization or freeze drying is the process in which the water content in the drug sample is frozen, followed by its removal from the sample. In the process of lyophilization, the frozen water content changes directly from solid to vapor without passing through a liquid phase. The process includes three steps: freezing, primary drying (sublimation), and secondary drying (desorption). Pharmaceutical products that undergo lyophilization process include bulk pharmaceutical/biopharmaceutical ingredient, protein, collagen, peptide, oligonucleotide, enzymes, and mAbs (Monoclonal Antibody)

Market Dynamics

Key market players are focusing on increasing product launches and approvals, which is expected drive the growth of the market over forecast period. For instance, in May 2019, Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., received the U.S. Food and Drug Administration (FDA) approval for a new dosage form (50 mg) and two new indications for pembrolizumab available as a lyophilized powder (Keytruda): Non–small-cell Lung Cancer (NSCLC) and Renal Cell Carcinoma (RCC). Additionally, in December 2020, Novartis AG, a global healthcare company, announced that the European Commission (EC) approved Xolair (omalizumab) as an add-on therapy with intranasal corticosteroids (INC) for the treatment of adults (18 years and above) with severe chronic rhinosinusitis with nasal polyps (CRSwNP), where therapy only with INC does not provide adequate disease control.

Key features of the study:

  • This report provides an in-depth analysis of the global lyophilized product market, market size (US$ Bn), and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global lyophilized product market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Sanofi, Merck & Co., Inc., Fresenius Kabi AG, Ciron Drugs & Pharmaceuticals Pvt. Ltd., Glaxosmithkline Plc, Mylan NV., Pfizer, Inc., Amneal Pharmaceuticals LLC, Otsuka Holdings Co. Ltd., BTG PLC, Bristol-Myers Squibb Company, Novartis AG, Takeda Pharmaceutical Company Limited, Biogen Inc., Dr. Reddy's Laboratories Ltd., Zydus Cadila, AbbVie Inc., Cipla Inc., Johnson & Johnson Services, Inc., Affy Pharma Private Limited, Jubilant Pharmova Limited, and Biocon
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global lyophilized product market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lyophilized product market

Detailed Segmentation:

  • Global Lyophilized Product Market, By Drug Class:
    • Anti-infective
    • Antineoplastic
    • Diuretics
    • Proton pump inhibitor
    • Anesthetic
    • Anticoagulant
    • NSAIDs
    • Others
  • Global Lyophilized Product Market, By Indication:
    • Infectious Disease
    • Autoimmune Diseases
    • Gastrointestinal Diseases
    • Cancer
    • Others
  • Global Lyophilized Product Market, Packaging Type:
    • Vial
    • Syringes
    • Cartridge
  • Global Lyophilized Product Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Sanofi*
      • Company Highlights
      • Product Types Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Merck & Co., Inc.
    • Fresenius Kabi AG
    • Ciron Drugs & Pharmaceuticals Pvt. Ltd
    • Glaxosmithkline Plc
    • Mylan NV.
    • Pfizer, Inc.
    • Amneal Pharmaceuticals LLC
    • Otsuka Holdings Co. Ltd.
    • BTG PLC
    • Bristol-Myers Squibb Company
    • Novartis AG
    • Takeda Pharmaceutical Company Limited
    • Biogen Inc.
    • Dr. Reddy's Laboratories Ltd.
    • Zydus Cadila
    • AbbVie Inc.
    • Cipla Inc.
    • Johnson & Johnson Services, Inc.
    • Affy Pharma Private Limited
    • Jubilant Pharmova Limited
    • Biocon

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global lyophilized product market size is estimated to be valued at US$ 393.8 Bn in 2021 and expected to exhibit a CAGR of 7.3% between 2021 and 2028.
Factors such as increasing prevalence of infectious and autoimmune diseases and increasing product launches and approvals are expected to drive the market growth during the forecast period.
The Anti-infective segment is expected to hold a major market share during the forecast period.
Major factors hampering the market growth include product recalls.
Major players operating in the market include Sanofi, Merck & Co., Inc., Fresenius Kabi AG, Ciron Drugs & Pharmaceuticals Pvt. Ltd., Glaxosmithkline Plc, Mylan NV., Pfizer, Inc., Amneal Pharmaceuticals LLC, Otsuka Holdings Co. Ltd., BTG PLC, Bristol-Myers Squibb Company, Novartis AG, Takeda Pharmaceutical Company Limited, Biogen Inc., Dr. Reddy's Laboratories Ltd., Zydus Cadila, AbbVie Inc., Cipla Inc., Johnson & Johnson Services, Inc., Affy Pharma Private Limited, Jubilant Pharmova Limited, and Biocon.

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