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Biopharmaceutical Sector to Remain Key Lyophilization End User, Food & Beverage Sector to Follow Suit
The lyophilization market analysis study offered by Fact.MR analyzes key growth factors that are shaping the demand outlook in the market. The report offers in-depth insights covering crucial factors such as drivers, sales outlook, and key player strategies in the market. In addition to this, the study divulges latest trends across segments including product type, scale of operation, and end user for the forecast period (2022-2032).
NEW YORK , July 26, 2022 /PRNewswire/ -- The global lyophilization market size is projected to reach US$ 988.8 Million in 2022. Increasing adoption of lyophilization services for the production of pharmaceutical and biopharmaceutical products is expected to push sales at a robust 8.8% CAGR over the assessment period (2022-2032).
Rising awareness regarding the beneficial aspects of lyophilization process, along with technological advancements in freeze drying equipment will drive sales in the market. The process effectively increases the shelf life of pharmaceutical and biopharmaceutical products. Manufacturers are using lyophilization for vaccines, antibodies, and peptides.
The process also removed moisture when the product goes through three stages of the process, freezing, primary drying, and secondary drying. This stabilizes pharmaceutical formulations and increases the temperature tolerance in biopharmaceutical products.
As temperature control and stability are crucial aspects of various pharmaceutical formulations, the adoption of lyophilization is expected to increase at a considerable pace. Manufacturers are launching freeze dryers that can efficiently optimize the shelf temperature and chamber pressure to maintain the quality of the product. This equipment also maximizes the sublimation rate, further enhancing the stability of formulations.
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Rising adoption of lyophilization process across industries such as pharmaceutical, healthcare, food & beverage, and academic institutes for research is anticipated to fuel sales in the market. This is also spurring demand for lyophilization equipment and other accessories, thereby creating opportunities for growth for key players.
Besides this, various organizations are offering services for pharmaceutical drug development and manufacturing processes. Drug manufacturers are preferring contract development and manufacturing organization (CDMOs) and contract manufacturing organizations (CMOS), which are one of the key end users of lyophilization equipment.
Further, growing consumption of freeze-dried fruits, vegetables, packaged food products, and pet food products is driving demand for lyophilization equipment in the food processing sector. The process enhances the stability of such food products and increases their shelf life, which is anticipated to push sales in the market over the forecast period.
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Key manufacturers operating in the lyophilization market are investing in research and development to improve the functionality, efficiency, and reliability of lyophilization equipment and processes.
They are also collaborating with academic research institutes to provide a direct supply of lyophilization equipment and accessories to gain a competitive edge. Some recent developments include:
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More Valuable Insights on Lyophilization Market
In its latest study, Fact.MR offers compelling insights into trends and drivers that are expected to shape the sales outlook of the global lyophilization market for the forecast period of 2022 to 2032. The study offers an in-depth analysis of the market, including demand and supply trends through detailed segmentation as follows:
Key Questions Covered in the Lyophilization Market Report
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