Lyophilization Freeze Drying Equipment Market

Lyophilization/Freeze Drying Equipment
Market
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2018-2026
REPORT DESCRIPTION
Lyophilization/Freeze Drying Equipment Market – Overview
The global lyophilization/freeze drying equipment market size was valued at US$ 2,116.5 million in 2017,
and is expected to exhibit a robust CAGR of 6.5% over the forecast period (2018 – 2026).
Increasing number of drug development process and biopharmaceutical research is a major factor
augmenting growth of the market as lyophilization is widely used for pharmaceuticals/ biopharmaceuticals
to improve stability, thereby achieve adequate shelf life. Lyophilization or freeze-drying is vital process in
developing and manufacturing unstable and sensitive pharmaceuticals, as they aid in introducing new
pharmaceutical to market. Biopharmaceuticals are produced by genetically modified organisms and are
temperature sensitive complex molecules, which require gentle freeze drying with the lyophilisation
process to attain adequate shelf life. According to the survey by Martin Christ GmbH, around 60% of the
biopharmaceutical products, such as special cancer treatment substances and antibodies, require freeze
drying for attaining efficient results in clinical trials.
REPORT DESCRIPTION
Lyophilization/Freeze Drying Equipment Market Dynamics:
Increasing demand for freeze dryers/ lyophilization in the pharmaceutical and biotechnology industry,
owing to the increasing number of vaccines, recombinant and injectable formulations is a major factor
augmenting the market growth as these molecules must be freeze-dried for clinical and commercial use.
Also, growth in contract manufacturing and contract lyophilization activities by the manufacturers for
pharmaceutical industry is expected to propel the growth of market during the forecast period.
Furthermore, the launch of innovative systems offering PLC and PAT based control systems, automated
loading, and unloading systems are also expected to contribute to the growth of the market. For instance, in
2012, Azbil Telstar, S.L., launched Telstar Lyotris freeze dryer, designed particularly for aseptic, smallscale production of vaccines, antibodies and other advanced drugs and therapies, which require
stabilization. Moreover, the dryer has industrial equipment specifications and small-batch flexibility in a
compact envelope. However, increased handling and processing time, cost and complexity of the
equipment’s, and removal of volatile components from the vacuum are the factors hindering the market
growth.
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REPORT DESCRIPTION
Lyophilization/Freeze Drying Equipment Market – Key Players
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Biogen
Cytokinetics, Inc.
F. Hoffmann-La Roche
Novartis AG
Pfizer Inc.
Ionis Pharmaceuticals, Inc
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The global lyophilization/freeze drying equipment market size was valued at US$ 2,116.5 million in 2017, and is expected to exhibit a robust CAGR of 6.5% over the forecast period (2018 – 2026).