The lyophilization equipment market is expected to grow from US$2.638 billion in 2025 to US$3.815 billion in 2030, at a CAGR of 7.66%.
Lyophilization involves freeze drying, which transforms a drug from its liquid to solid form which is done by eliminating water and other solvents from the mixture. The pharmaceutical industry is the main end-user of lyophilization equipment which is widely used to extend the shelf life of drugs and keep APIs sterilized. The increasing demand for protein-based drugs is anticipated to provide an edge for market growth. Additionally, the increasing demand for commercially available injectables and vaccines for various diseases and booming contract manufacturing in the biopharmaceutical companies is increasing the need for such equipment thereby attributing to the overall market growth.
The scope of lyophilization is increasing in the pharmaceutical and biopharmaceutical industry owing to its quality preservation features. For instance, the Pharmaceutical Journal published in July 2021, recognized lyophilization as one of the most employed processes in producing pharmaceutical products that have a thermo-sensitive and unstable form of the aqueous medium. Through such a method, stability and long-term storage in dry form is ensured. The European Federation of Pharmaceutical Industries and Associations (EFPIA) estimated that the investment in research and development by pharmaceutical companies is increasing in recent times. Growth of 4.6% was registered from the year 2020 to 2021, and this trend is expected to be followed in the coming years.
North America is expected to hold a significant share of the lyophilization equipment market during the forecast period. The factors attributed to such a share are the booming pharmaceutical production, improved investments in medical applications coupled with new product launches. Moreover, there is a rising demand for freeze-dried products in various sectors, including the pharmaceutical, food and beverage, and biotechnology industries. Freeze drying helps in preserving the integrity and efficacy of sensitive substances, such as vaccines, proteins, and probiotics.
Segmentation: