Lyophilization Equipment Market by Modality (Dryer and Accessories), Scale of Operation (Industrial-Scale, Pilot-Scale and Laboratory-Scale), and Application (Food Processing and Packaging, Pharmaceutical & Biotech Manufacturing, Medical Applications, and Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Lyophilization Equipment market gathered revenue around USD 4.2 Billion in 2020 and market is set to grow USD 12.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 9.0% during the prediction period 2021 to 2027.

Growth Factors:

The market Growing demand for lyophilized products, along with the expansion of the pharmaceutical sector, will spur the market growth. Rising research and development in the biopharmaceutical sector primarily drives demand for lyophilization equipment. Biological products are sensitive to moisture and heat and require specific temperature conditions for storage. Lyophilization techniques cater to these specifications, contributing to the quality and shelf life of the products. The technology helps to preserve the integral structure of samples, assisting researchers in the drug development process. With increasing adoption of freeze-drying techniques in R&D of vaccines and molecules, the market will witness significant revenue.

Along with pharmaceuticals, lyophilization has wide applications in the food sector. Perishability is a major concern related to food and can be effectively addressed with the lyophilization of food products. Growing urbanization and changing lifestyles has escalated the consumption of preserved food. Increasing use of freeze dryers in preservation will encourage the demand of lyophilization equipment in the food industry.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Lyophilization Equipment market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Lyophilization Equipment market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD  12.1 Billion by 2027
Growth Rate CAGR of 9.0% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Fastest Growing Market Asia Pacific
Largest Market North America
Segments Covered Modality, Scale of Operation, Application and Region
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends 
Companies Mentioned Thermo Fisher Scientific, Inc., Azbil Telstar SL (Azbil Corporation), GEA Group, Millrock Technology Inc, Zirbus Technology GmbH, Harbour Group Industries (SP Industries), Biopharma Process Systems Ltd., LTE Scientific Ltd, Martin Christ Gefriertrocknungsanlagen GmbH, and Labconco Corporation.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Lyophilization Equipment market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Opportunities: Loss of patent protection of several biologics

 

The biologics market is one of the major contributors to the growth of the freeze-drying market in the healthcare industry. Biosimilars are expected to drive the growth of the biotechnology industry in the next decade. This is because several key biologics are expected to lose their patent in the coming years.

An increasing number of biosimilars are being developed in the market as a cost-effective alternative for biopharmaceutical medications for chronic disorders. The growing R&D and emergence of biosimilars will drive the market for the lyophilization of biologics and biopharmaceutical products. In recent years, over 32% of US FDA-approved parenterals were lyophilized drugs. Soon, more than half of all injectable drugs will require lyophilization, which will further create the demand for lyophilization solutions in the pharmaceutical industry.

 

Lyophilization Equipment Market Segmentation analysis:

The global lyophilization equipment market is segmented on the basis of modality, scale of operation, application and region to provide a detailed assessment of the market. By modality, it is bifurcated into dryer and accessories. The dryer includes tray-style freeze dryers, manifold freeze dryers, and rotary freeze dryers. In addition, accessories include vacuum systems, CIP (clean-in-place) systems, drying chamber, and other accessories include loading and unloading systems, control and monitoring system, freeze drying, trays/shelves, manifolds, and others. Based on scale of operation, it is segmented into industrial-scale, pilot-scale and laboratory-scale. By application, it is segmented into food processing and packaging, pharmaceutical and biotech manufacturing, medical applications, and others include surgical application, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America is Expected to Dominate the Market analysis:

The major factors driving the growth of the lyophilization equipment and services market in North America include an increase in the research and development activities and the rising approval of biological products. In the North America region, the major market players are teaming up with academic institutes to develop and transform the freeze-drying process, also called lyophilization. For instance, in 2020, the Purdue University researchers and industry leaders are teaming up to transform the process of lyophilization.

Furthermore, the rising approval of biologics in the United States is expected to increase the overall demand of the lyophilization equipment's over the forecast period, resulting in a steady growth of the market. In 2020, there was 11 mAb approved, which account for almost 23% of all the drugs authorized by the FDA in 2020.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Lyophilization Equipment Market include:  Thermo Fisher Scientific, Inc., Azbil Telstar SL (Azbil Corporation), GEA Group, Millrock Technology Inc, Zirbus Technology GmbH, Harbour Group Industries (SP Industries), Biopharma Process Systems Ltd., LTE Scientific Ltd, Martin Christ Gefriertrocknungsanlagen GmbH, and Labconco Corporation.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

By Modality

  • Dryer 
    • Tray-style Freeze Dryers
    • Manifold Freeze Dryers
    • Rotary Freeze Dryers
  • Accessories 
    • Vacuum Systems
    • CIP (Clean-in-place) Systems
    • Drying Chamber
    • Other Accessories

By Scale of Operation

  • Industrial-scale
  • Pilot-scale
  • Laboratory-scale

By Application

  • Food Processing and Packaging
  • Pharmaceutical and Biotech Manufacturing
  • Medical Applications
  • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Lyophilization Equipment market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Lyophilization Equipment market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Lyophilization Equipment markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Lyophilization Equipment market Study:

  • Growth of Lyophilization Equipment in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Lyophilization Equipment and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Lyophilization Equipment Consumption Analysis
  •  Lyophilization Equipment Production Analysis
  •  Lyophilization Equipment and Management