Lyophilizer Market Size, Share, Growth, and Industry Analysis, By Type (Below 1㎡, 2㎡-5㎡, 6㎡-20㎡, Beyond 21㎡), By Application (Pharmaceuticals, Food & Beverages, Agriculture Industry, Chemical Industry and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Lyophilizer Market REPORT OVERVIEW

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The global lyophilizer market size was USD 62 million in 2022 and market is projected to touch USD 86.1 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecasting period.

Using lyophilization technology, a substance is frozen, then dried. The term "lyophilization" or "freeze-drying" refers to this procedure. The apparatus can be used to dry food, medications, and other materials. Because lyophilization equipment and services may preserve a product for a long time without requiring refrigeration or preservatives, they are crucial. After a sample has been frozen, the pressure in the immediate area is decreased. This decrease in pressure enables sublimation, which is the direct conversion of a substance from the solid to gas phase without the use of heat. Because it increases sample stability and purity, lyophilization is used by a range of industries for long-term sample storage and shipping. Despite the laborious process, lyophilization is a common practise in the pharmaceutical, biotechnology, agricultural, and many high-tech industries since heat can negatively impact samples.

COVID-19 Impact: Restrictions Induced by the Pandemic to Hamper Market Growth

Due to mandatory lockdowns and other restrictions set by the relevant regulating bodies in the wake of the recent COVID-19 outbreak, the activities of various industries have either been temporarily suspended or are running with small personnel. Similar to other markets, the global lyophilizer market is expected to experience a major decline in revenue growth as a result of this aspect. Over the course of this projection period, the high expenses related to the installation and maintenance of these machines is another factor that could restrain the market's revenue growth.

LATEST TRENDS

"Adoption of the Equipment in Pharmaceuticals to Promote Market Growth"

The bench top lyophilizers are used to lyophilize biologicals, small molecules and some polymers. It is a device that uses heat and vacuum to freeze-dry a liquid sample. The major application of the bench top Lyophilizer is in pharmaceutical industries for the production of sterile parenteral nutrition products such as intravenous solutions, ampoules and vials among others. Rising use of lyophilizer in pharmaceuticals is responsible for driving lyophilizer market growth.

Lyophilizer Market SEGMENTATION

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• By Type

Based on type; the market is divided into Below 1㎡, 2㎡-5㎡, 6㎡-20㎡, Beyond 21㎡.

In terms of product, is the largest segment.

• By Application

Based on application; the market is divided into pharmaceuticals, food & beverages, agriculture industry, chemical industry and others.

In terms of application, is the largest segment.

DRIVING FACTORS

"Increased Shelf Life of the Products to Augment Market Growth"

Lyophilization is frequently the best option due to the detrimental effects of heat and water on long-term sample storage. By decreasing sample weight and volume during the freeze-drying process, samples not only have a longer shelf life but can also cost less to store and ship. Since lyophilized samples are more stable at room temperature, lyophilization can also eliminate the need to ship samples on dry ice. Lyophilization is a practical, secure, and effective process for long-term lab sample storage, offering benefits such as sample stability and purity, improved shelf life, and lower costs. These factors are responsible for market growth.

"Increased Use of Lyophilizer in Healthcare to Enhance Market Sales"

Protein medicines are more expensive than other pharmaceuticals, the pharmaceutical industry needs a lot of them for both commercial manufacture and clinical studies. These proteins are produced by lyophilization because it preserves biological activity and increases stability and shelf life, all of which promote product demand ability across a range of application segments in the global pharmaceutical and healthcare industries. Over the projected period, increasing research and development activities for novel medication discovery and development methods are anticipated to drive the market for lyophilization equipment. The demand for lyophilizer market is expected to increase over the next few years due to technological advances in equipment that offer improved performance.

RESTRAINING FACTORS

"High Cost of the Process to Hamper Market Growth"

The price is the only drawback to freeze drying. Freeze drying takes longer than other drying methods that employ greater temperatures, taking anywhere from several hours to many days to complete. higher production costs, fewer production hours, and longer processing hours. This is anticipated to impede growth of lyophilizer market.

Lyophilizer Market REGIONAL INSIGHTS

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"Asia Pacific Dominated the Market Due to Rising Demand"

Due to the rising demand for lyophilization tools and services, Asia Pacific is anticipated to have the quickest growth over the course of the projected period and largest lyophilizer market share. Growth in the region is predicted to be fuelled by the expanding pharmaceutical industries in emerging nations and an increase in biotechnology research activities. Additionally, throughout the projection period, advantageous government policies intended to support local production are anticipated to open up new chances for market players. The market is thriving as a result of significant research and development expenditures by leading corporations and growing healthcare awareness among individuals in this region. Additionally, the growing number of clinical trials has increased demand for lyophilization tools and services utilised for producing cell culture media as well as preparing and storing samples, propelling expansion through time.

KEY INDUSTRY PLAYERS

"Well Planned Strategies Implemented by Market Players to Boost Market Growth"

Various prominent players operating in the global lyophilizer market are focusing on the expansion of their business operations in emerging regions. In addition, companies in the market are planning on strategies for product innovation and expansion of product portfolio by investments and mergers and acquisitions. An in-depth study on supply chain analysis presented in the report will give a better understanding of the market. The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance.

List of Market Players Profiled

• Thermo (U.S.)
• Millrock Technology, Inc. (U.S.)
• Labconco (U.S.)
• Zirbus (Netherlands)
• SP Scientific (U.S.)
• Tofflon (China)
• Biocool (Sweden)
• GEA Process Engineering (Germany)
• TelStar (U.S.)
• IMA Pharma (U.K.)

REPORT COVERAGE

The research study also includes in-depth analyses of the competition environment globally and detailed profiles of the major market participants. Various strategic events, including significant mergers and acquisitions, future capabilities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments are included in this section's comprehensive assessment of the competitive landscape. A chapter on the effects of the COVID-19 pandemic on the market is also included in the report.