Lyophilization Market to Surge from $1.14 Billion to $2.61 Billion by 2034 Amid Rising Demand for Freeze-Dried Drugs

Active Freeze Dryers Latest Lyophilization Technologies Set to Gain Traction: Fact.MR Analysis

Increasing approvals and demand for lyophilized drugs is set to push the global Lyophilization Market size from US$ 1.14 billion in 2024 to US$ 2.61 billion by 2034, estimates Fact.MR, a market research and competitive intelligence provider, in its recently updated report.

The rising need for aseptic packaging and increasing demand for protein-based drugs is increasing the demand for freeze drying solutions. Pharma companies are adopting advanced process analytical technologies (PAT) to optimize their lyophilization process. In the context of biologics, aqueous solution’s formulation and storage may lead to instability. Thus, the lyophilization process may help to acquire long-term stability.

The growing consumption of processed and convenience foods is necessitating the utilization of freeze-drying equipment in the food and beverage industry. Lyophilization is a better option for preservation and stabilization. Thus, lyophilization technologies are gaining traction in the food and beverage industries. Technological advancements are further expected to boost the sales of advanced lyophilization products.

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Leading Players Driving Innovation in the Lyophilization Market:

The Key Players in the Infant Lyophilization Industry include Cuddon Freeze Dry; Neologic Engineers Private Limited; Azbil Corporation; MechaTech Systems Ltd.; SP Industries, Inc.; Labconco Corporation; BÜCHI Labortechnik AG; Cryotec.Fr; Martin Christ Gefriertrocknungsanlagen GmbH; Zirbus Technology GmbH; HOF Sonderanlagenbau GmbH; Lyophilization Systems Ltd.; Freeze-drying Systems Pvt. Ltd.; Yamato Scientific America Inc.; Millrock Technology, Inc.; IMA - Industria Macchine Automatiche S.p.A.; GEA Group

Key Takeaways from Mental Health App Market Study:

Global demand for lyophilization technologies is set to increase at a CAGR of 8.6% from 2024 to 2034. The United States market is forecasted to reach US$ 933.2 million by 2034.

The South Korea market is expected to register a CAGR of 8.9% through 2034. Demand for industrial-scale lyophilization technologies is projected to rise at a CAGR of 8.2% during the next 10 years. Tray-style dryer sales are foreseen to reach US$ 1.61 billion by 2034.

“Increasing production of commercial vaccines and injections for various diseases is set to drive the demand for freeze dryers,” says Fact.MR analyst.

Winning Strategy:

Tray-freeze dryers are most demanded compared to other counterparts available in the market. Growing demand for protein drugs is driving attention of lyophilization product producers to invest in research and development activities to offers advanced solutions. The presence of strong food and beverage, and pharma industries in North America and Europe are set to offer lucrative opportunities for lyophilization market players.

Headquartered in Germany, the GEA Group is one of the major technology providers for food processing and other sectors. RAY® and CONRAD® are the most popular freeze dryers in the food and beverage industry.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global lyophilization market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on product (tray-style dryers, rotary freeze dryers, manifold freeze dryers), scale of operation (pilot-scale, laboratory-scale, industrial-scale), accessories (loading & unloading systems, control & monitoring systems, vacuum systems, CIP (clean-in-place) systems, drying chamber, others), and end user (biopharmaceutical companies, food & beverage companies, academic & research institutes, CROs & CMOs, hospitals, research laboratories), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

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