The lyophilization equipment and services market is forecasted to grow by USD 2657.7 mn during 2023-2028, accelerating at a CAGR of 7.92% during the forecast period. The report on the lyophilization equipment and services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advances in lyophilization, advantages of lyophilization over conventional drying, and rising demand for biobanks.
Market Scope
Base Year
2023
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
7.45%
CAGR
7.92%
Incremental Value
$2657.7mn
Technavio's lyophilization equipment and services market is segmented as below:
By End-user
Pharmaceutical and biotechnology companies
Other healthcare service providers
By Product
Tray-style freeze dryer
Manifold freeze dryer
Rotary freeze dryer
By Geographical Landscape
North America
Europe
Asia
Rest of World (ROW)
This study identifies the emergence of computer modeling and new software for lyophilization process as one of the prime reasons driving the lyophilization equipment and services market growth during the next few years. Also, initiatives for training and increasing awareness of lyophilization and rise in demand for controlled nucleation in lyophilization will lead to sizable demand in the market.
The report on the lyophilization equipment and services market covers the following areas:
Lyophilization equipment and services market sizing
Lyophilization equipment and services market forecast
Lyophilization equipment and services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lyophilization equipment and services market vendors that include ATS Automation Tooling Systems Inc., Azbil Corp., Baxter International Inc., Coriolis Pharma Research GmbH, Cryotec.Fr, GEA Group AG, HOF Sonderanlagenbau GmbH, Labconco Corp., LaboGene AS, Lyophilization Technology Inc., Maquinaria Industrial Dara SL, Martin Christ Gefriertrocknungsanlagen GmbH, MechaTech Systems Ltd., Millrock Technology Inc., OPTIMA packaging group GmbH, Shanghai Tofflon Science and Technology Co. Ltd., Thermo Fisher Scientific Inc., W. L. Gore and Associates Inc., Yamato Scientific Co. Ltd., and IMA Industria Macchine Automatiche Spa. Also, the lyophilization equipment and services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global lyophilization equipment and services market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global lyophilization equipment and services market 2018 - 2022 ($ million)