The global
lyophilization equipment and services market is progressing at an
optimistic CAGR of 8.5% from 2014 to 2020. The market was valued at
US$2.73 bn 2013. According to a research report released by
Transparency Market Research, if the current pace and expected market
trends hold true, this market shall reach US$4.8 bn by the end of
2020. This data is given in a report titled “Lyophilization
Equipment and Services Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020.”
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Lyophilization is a
process encountered in the pharmaceutical industry as well as in the
manufacturing industry of biotech equipment. The process is used to
extend the life span of biological products and samples, including
vaccines, proteins, blood plasma, antibodies, and enzymes. These are
biological materials that are usually extremely sensitive to external
changes.
According to the TMR
report, the global lyophilization equipment and services market
currently holds a major driver responsible for its positive growth
rate: The increasing risk that pharma companies run regarding the
contamination of samples and products. These are often extremely
high-value products that are sensitive to external impositions and
therefore need a high level of chemical protection. The process of
lyophilization itself has undergone several key advancements in terms
of technologies used, further boosting this market.
The global
lyophilization equipment and services market is also growing due to
the increasing number and amounts of commercially available and
cost-effective vaccines, due to the growing prevalence of diseases
and a growing human population.
The report provides
a segmented analysis of the global lyophilization equipment and
services market, on the basis of equipment type, services type,
applications, and geography.
In terms of
equipment type, the market was segmented into freeze drying
microscope, rotary lyophilizers, tray lyophilizers, and bench-top
lyophilizers. The market was dominated by tray lyophilizers, which
held a share of 45% in 2013.
In terms of
applications, the global lyophilization equipment and services market
was segmented into nutraceuticals, diagnostics, biopharmaceuticals,
and pharmaceuticals. It was dominated by the pharmaceuticals segment
in 2013.
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In terms of
services, the market was segmented into bulk lyophilization, aseptic
filling, and cycle development.
The geographical
examination of the market reveals Europe as being the dominant region
in terms of market share in 2013. This region held the top spot owing
to the major and novel advancements in technologies in the region,
and a medical industry structure that is conducive to highly active
clinical trials.
The highest growth
rate in the global lyophilization equipment and services market is
attributed to Asia Pacific, a fact ascribed to the upswing in
contract-based manufacturing activities in Malaysia, India, China,
Thailand, and others, along with the increasing availability of a
skilled workforce.
The key players in
the global lyophilization equipment and services market, as described
in the report, include W.L. Gore & Associates, Inc., Thermo
Fisher Scientific, Inc., ZIRBUS Technology GmbH, Lyophilization Inc.,
SP Scientific, LSNE Contract Manufacturing, Biopharma Solutions,
Biopharma Technology, Ltd., Aseptic Technologies, and Azbil Telstar,
S.L.
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Transparency Market
Research (TMR) is a market intelligence company, providing global
business information reports and services. Our exclusive blend of
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