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Lyophilization Equipment Market Size

  • Report ID: GMI3577
  • Published Date: Oct 2024
  • Report Format: PDF

Lyophilization Equipment Market Size

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.
 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global lyophilization equipment industry was valued at approximately USD 6.4 billion in 2023 and is estimated to grow at an 8.7% CAGR from 2024 to 2032, driven by increasing demand for preserving pharmaceuticals and biological samples.

The devices segment dominated the market with a revenue of USD 3.4 billion in 2023 and is expected to grow significantly due to their ability to extend product shelf life by removing nearly all water content, preventing microbial growth and chemical reactions.

North American lyophilization equipment industry is forecasted to reach USD 4.4 billion by 2032, with the U.S. leading the region with a revenue of USD 1.9 billion in 2023, driven by the high prevalence of chronic diseases requiring stable therapeutic solutions.

Key players in the market include ATS Corporation, Azbil Corporation, Buchi, Cuddon, GEA Group Aktiengesellschaft, HOF Sonderanlagenbau, IlShin BioBase, Labconco Corporation, MechaTech Systems, and Millrock Technology.

Lyophilization Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 49
  • Countries covered: 22
  • Pages: 135
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