Lyophilization/Freeze Drying Equipment Market to Surpass US$ 3.7 Billion by 2026

Published On : Jun 27, 2018

Global Lyophilization/Freeze Drying Equipment Market, by Scale of Production (Industry Scale, Pilot Scale, and Lab Scale), by Product Type (Tray-style Freeze Dryers, Manifold Freeze Dryers, and Rotary Freeze Dryers) , by Application (Research, Drug Development, Nutraceuticals, and Medical Diagnostics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 2,116.5 Million in 2017, and is projected to exhibit a CAGR of 6.5% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights. The lyophilization/freeze drying equipment market is expected to gain significant traction, owing to the presence of robust biopharmaceutical pipeline therapeutics, increasing research and development activities in the biotechnology, and academic institutes over the forecast period.

Increasing technological advancements in freeze drying methods to augment growth of market

The advancement in lyophilization/ freeze drying technology offered by the manufacturers to facilitate research and development is expected to augment market growth. For instance, in 2014, the research and development freeze dryer named Revo by Millrock Technology, Inc. offered the most advanced Programmable Logic Controller (PC/PLC) system, which has data collection and self-testing features, with the best freeze drying components and design techniques for small scale production needs. Also, in January, 2018, the researchers at Purdue University and industry members from pharmaceutical sectors collaborated at the Advanced Lyophilization Technology Hub, or LyoHub to transform or modernize the freeze-drying or lyophilization process. The aim is to bring high-quality products at a lower cost and to develop less bulky sensors with advanced process analytical technology. In 2017, Osiris Therapeutics, Inc. launched Prestige Lyotechnology, a novel lyophilization method that enables the preservation of living cells within tissues while stored at ambient temperatures. The technology is expected to benefit cellular therapies and placental products.

Moreover, the growth in contract lyophilization/ freeze drying service activities for the pharmaceutical industries is also expected to propel the lyophilization/freeze drying equipment market growth during the forecast period. For instance, in 2015, Symbiosis Pharmaceutical launched a new bulk lyophilisation (freeze-drying) service for pharma industries. The company will use the process to support clients in the U.S., Europe and Asia in order to assist in the manufacturing of bulk intermediates and active pharmaceutical ingredients (APIs) by lyophilisation.

Browse 48 Market Data Tables and 36 Figures spread through 216 Pages and in-depth TOC on “Lyophilization/Freeze Drying Equipment Market”- Global Forecast to 2026, by Scale of Production (Industry Scale, Pilot Scale, and Lab Scale), by Product Type (Tray-style Freeze Dryers, Manifold Freeze Dryers, and Rotary Freeze Dryers), by Application (Research, Drug Development, Nutraceuticals, and Medical Diagnostics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the lyophilization/freeze drying equipment market, click the link below:

https://www.coherentmarketinsights.com/market-insight/lyophilization-freeze-drying-equipment-market-1876

Manufacturers are involved in product development for launching technologically advanced freeze drying equipment for industrial production of pharmaceuticals and biotech products. For instance, in 2017, Labconco Corporation developed LYo-Works OS, with a 5" color touch screen display built to empower scientists and researchers Smartphone-compatible e-mail notifications that offer updates about sample status and system alerts. Also, in 2017, BÜCHI Labortechnik AG, launched the Lyovapor platform for Lyovapor L-300 with Infinite-Technology and Infinite-Control that offers continuous sublimation and controls the entire process of all relevant parameters using mobile devices. In 2014, SP Scientific launched the versatile bench top freeze dryer named AdVantage Pro with Intellitronics controller that offers enhanced functionality and intuitive touch screen navigation. It also combines development and pilot scale capabilities in a convenient bench top unit. In 2014, Azbil Telstar, S.L. launched a new version of the pilot-scale freeze dryer, Lyobeta, specifically designed for small scale formulation, research and development work.

Key Takeaways of the Lyophilization/Freeze Drying Equipment Market:

  • The global lyophilization/freeze drying equipment market is expected to exhibit a CAGR of 6.5% over the forecast period, owing to the robust presence of pipeline products, major research activities undertaken by the biotech and pharma companies and increasing funding by the government organizations
  • Among application, therapeutics segment holds a dominant position in the lyophilization/freeze drying equipment market, owing to increasing number of genetically engineered products such as recombinant insulin, erythropoietin, and to treat various human diseases
  • Among end user, pharmaceutical industries segment holds a dominant position in the lyophilization/freeze drying equipment market, owing to the higher number of drug development protocols and research carried out in the settings for therapeutic production
  • Some of the major players operating in the global lyophilization/freeze drying equipment market include Thermo Fisher Scientific, Inc., Millrock Technology Inc., Zirbus Technology GmbH, SP Scientific, Azbil Telstar, S.L., Biopharma Process Systems Ltd., LTE Scientific Ltd., Martin Christ GmbH, GEA Group, and Cuddon Freeze Dry.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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