Lyophilization Equipment Market Analysis by Growth Drivers and Current Trends till 2026

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Lyophilization Equipment Market Analysis by
Growth Drivers and Current Trends till 2026

• Global lyophilization equipment market share is
  anticipated to expand at a significant pace over
  the coming years, as a result of the rapid
  expansion of the food biotechnology industry
  and subsequent demand for lyophilization
  technique to process perishable products. As per
  Global Market Insights, Inc., the global
  lyophilization equipment market size registered
  revenue of over 5 billion in 2019 and is
  expected to depict an 8.6 CAGR through 2026.
• The global market has witnessed high
  technological advancements in freeze-drying
  equipment to ensure long-term product storage
  capabilities. Rising innovation, coupled with the
  robust demand for high-quality solutions with
  longer shelf-life, is expected to further add
  impetus to the lyophilization equipment market
  expansion in years to come. Furthermore,
  accelerating adoption of lyophilizer equipment in
  the ever-expanding pharmaceutical industry will
  further amplify industry expansion over the
  forecast spell.

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• According to the European journal of
  pharmaceutics and biopharmaceutics, there has
  been steady expansion and ongoing development of
  lyophilizing equipment in the pharmaceutical
  sector. In various studies, novel container
  systems and formulation aspects were discussed,
  including the importance of freezing steps. It
  further added that the PAT (process analytical
  technology) and QbD (quality by design) are key
  focus areas currently in the industry.

• In terms of segmentation by product, the manifold
  freeze dryers segment held a market share of over
  24 and is likely to account for a considerable
  share in years ahead. The segmental growth can be
  credited to the rising integration of advanced
  sensors and technologies for the development of
  highly lyophilized products.

• Based on scale of operation, the global
  lyophilization equipment market from the bench
  top segment recorded remuneration worth more than
  440 million in 2019, which is attributable to
  the ease of handling and cost-effective nature
  associated with the products.

• With regards to the application spectrum, the
  biotechnology segment accounted for a market
  share of nearly 15 in 2019, owing to the
  escalating demand for pre-lyophilized or
  Iyo-ready products in this sector.

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• Regional Analysis

• From a regional perspective, the Europe
  lyophilization equipment market is projected to
  exhibit a CAGR of 8.5 through 2026, which can be
  attributed to the rapid pharmaceutical industry
  growth due to the increasing burden of chronic
  diseases among the geriatric population in the
  region.

• Competitive Analysis

• The demand for lyophilization equipment will
  further be driven by the increasing
  commercialization and production of vaccines and
  drugs. In addition, industrial development is
  expected to boost the lyophilizer equipment
  supply in the region over the forthcoming years.
• The competitive landscape of the lyophilization
  equipment market comprises of companies such as
  Scala Scientific, Millrock Technology, Inc., SP
  Industries, Labconco, GEA group, and Telstar,
  among others. These companies are aiming towards
  gaining lucrative growth opportunities and
  expanding their regional presence through
  strategic initiatives such as MA and new product
  launches.

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