Home > Healthcare > Medical Devices > Medical Equipment > Lyophilization Equipment Market
The global lyophilization equipment market size was valued at around USD 6.4 billion in 2023 and is estimated to grow at 8.7% CAGR from 2024 to 2032. Lyophilization equipment refers to machinery used in the freeze-drying process, known as lyophilization. This process removes water from perishable materials, such as pharmaceuticals, biological samples, or food products, by freezing the material and then reducing the surrounding pressure to allow the frozen water in the material to sublimate directly from solid to gas.
The rising demand for lyophilized products is a key driver of market growth, fueled by the increasing prevalence of chronic and infectious diseases worldwide. This growing demand for lyophilized medications, particularly for treating chronic conditions, is expected to significantly propel the expansion of the lyophilization equipment market. According to the World Health Organization (WHO), cardiovascular diseases lead non-communicable disease (NCD) fatalities, causing 17.9 million deaths annually. Following this are cancers, which account for 9.3 million deaths; chronic respiratory diseases, with 4.1 million deaths; and diabetes-related conditions, including kidney disease, responsible for 2 million deaths.
The increasing global burden of these conditions has resulted in heightened demand for stable, long-lasting treatments, thereby driving the need for lyophilization equipment to produce high-quality, shelf-stable pharmaceuticals. Moreover, technological advancements in lyophilization techniques, the rapid expansion of the pharmaceutical and food industries, and the growing demand for superior products with longer shelf life and stability underscore the importance of lyophilization equipment in the biopharmaceutical industry.
Report Attribute | Details |
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Base Year: | 2023 |
Lyophilization Equipment Market Size in 2023: | USD 6.4 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 8.7% |
2024 – 2032 Value Projection: | USD 13.6 Billion |
Historical Data for: | 2021 – 2023 |
No. of Pages: | 135 |
Tables, Charts & Figures: | 49 |
Segments covered: | Product, Scale of Operation, Application, Industry, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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