The rapid expansion of the pharmaceutical sector and rising research & development activities in the sector are estimated to provide a major impetus to global lyophilization equipment market over the forthcoming years. According to Global Market Insights, Inc. report, lyophilization equipment market size was valued at USD 5.0 billion in 2019 and is projected to witness a significant CAGR of 8.6% through 2026. This growth can be attributed to the increased pharmaceutical application of lyophilization as it protects biological products from heat and moisture and provides required temperature conditions for their storage. This helps with the preservation of the integral structure of sample which further assists researchers in drug development.

Speaking of research and development, in 2020, Telstar developed a lyophilization system for South Korea based Boryung Pharmaceutical. According to the company, the system consists of an automatic vial filling system that combines a freeze dryer with automated loading and unloading system designed for developing drugs for cancer treatment. Further, the integrated system comprises all stages of drug production from washing, depyrogenation, to filling and lyophilization process providing product protection as well as containment. 

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The manifold freeze dryers segment had held a significant market share of 24% in the past and is estimated to register substantial gains over the forthcoming years on account of technological advancements such as integration of sensors for obtaining highly lyophilized products. Speaking of which, these products are incorporated with vacuum sensors which facilitate monitoring of conditions in presence of water vapors.

The bench top lyophilization equipment industry size will grow enormously over time attributed to the benefits endowed by the product. For instance, bench top lyophilizer is a cost-effective solution for a liquid sample of relatively small size. Besides, it offers ease of handling which will complement its adoption significantly. Moreover, rising R&D activities in the biotechnology and pharmaceutical sectors would further augment the product deployment in the upcoming years. For the record, in 2019, the segment had recorded a substantial valuation of over USD 440 million.

The biotechnology segment had secured a sizeable market share of 15% in 2019 and is projected to grow significantly over the coming years. This can be attributed to the growing inclination of biotechnology firms to deliver lyo-ready or pre-lyophilized products, which is fueling the demand for lyophilization in the segment. Besides, several benefits associated with the product such as longer shelf life, better feasibility, minimum refrigerated warehouse requirements along with lower shipping costs are as well touted to enhance the growth profile of the overall segment in the near future. Extensive application of lyophilization techniques for the development of freeze-dried biological molecules will positively influence the segment growth in the future.

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Europe lyophilization equipment market is expected to observe an appreciable CAGR of 8.5% through 2026 owing to the increasing prevalence of chronic diseases among the geriatric population in the region. Increasing production and commercialization of drugs and vaccines is likely to foster the product adoption further. Another important growth inducing factor is the rising demand for lyophilized products due to the expanding food industry in the region. This is majorly due to the crucial role of these products in addressing perishability of food products. Increasing consumption of preserved food in the region as a result of growing urbanization and changing lifestyles is instigating the application of freeze dryers for preservation, which is likely to enhance the business growth over the foreseeable future.

Notable players in lyophilized equipment market such as SP Scientific, GEA group, Telstar, Millrock Technology, Inc., etc. are focusing on enhancing their industry presence by implementing several strategic initiatives such as new product development, mergers and collaborations. For instance, in 2020, SP Scientific signed a partnership deal with i-Dositecno, a leading aseptic system developing company in Spain. Apparently, this partnership will enable SP Scientific to strengthen its lyophilization product portfolio and gain a strong foothold in the market.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Lyophilization equipment industry 360⁰ synopsis, 2015 –2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Scale of operation trends

2.1.4    Application trends

2.1.5    Regional trends

Chapter 3   Lyophilization Equipment Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 - 2026

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Rising demand for lyophilized products

3.3.1.2    Technological advancements in lyophilization technique

3.3.1.3    Rapid expansion of pharmaceutical and food industry

3.3.1.4    Growing demand for superior products with longer shelf life and stability

3.3.2    Industry pitfalls & challenges

3.3.2.1    High setup and maintenance cost of freeze-drying equipment

3.3.2.2    Lack of skilled workforce

3.4    Regulatory landscape

3.4.1    U.S.

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