The recently published report titled, “Lyophilization in Pharmaceuticals Market: Opportunity Analysis and Future Assessment 2022-2030” in the database of the Reports and Insights be of assistance to a paradigm solution for clearer and greater understanding of the market. It is beneficial in determining the size of the market for particular products. These leading players functioning in this market are in rigorous competition in terms of innovation, technology, product pricing and product development. Moreover, the market study helps in establishing sales prophecies for its products and therefore, creating symmetrical adjustment between demand and supply of its products.
The global lyophilization in pharmaceuticals market in 2022 is estimated for more than US$ 6.7 Bn and expected to reach a value of US$ 11.6 Bn by 2030 with a significant CAGR of 7.2%.
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Lyophilization in Pharmaceuticals Introduction
Lyophilization, also commonly known as freeze drying, is a stabilization method that is broadly used in the pharmaceutical industry for vaccines, drugs, antibodies, and other biological material. Most of the biopharmaceutical companies are employing lyophilization services to keep drugs and APIs sterile. The biotechnological and pharmaceutical drugs are often highly sensitive from surroundings and external factors such as excessive sunlight, oxygen and others, which can ultimately negatively affect the product. Therefore, lyophilization provides a suitable and highly efficient method to fulfil the needs for managing the complexities of constituents during pharmaceutical manufacturing, thus successfully preserving the products without any loss.
The lyophilized or freeze-dried medicinal products have a very high surface area, which allows them to be reformed speedily. This rapid reconstitution is specifically crucial in the case of emergency antibodies and vaccines, which need to be regulated as soon as possible. The complete lyophilization process is carried out in three steps, starting from freezing phase, primary drying phase and lastly, secondary drying phase. The complete process of lyophilization escalates the product efficiency in terms of value it needs to persist, like a convenience in transportation, longer shelf life, and primary quality to preserve perishable materials.
The vast market for pharmaceuticals is experiencing a decline, wherein the returns on the pharmaceutical investments have also shrunk along with regulatory pricing pressure and shortened profit margins for the manufacturers. In this scenario, the pharmaceutical companies are compelled to confront the truth and lower the price of drug production. This has led to the evaluation of production expenditure and adoption of cost-saving options such as outsourcing the clinical trials.
The contract research organizations are specialized service providers that help in partial to overall conduction of clinical trials to the pharmaceutical manufacturers in order to cut down on the costs of drug development and clinical trials.
Lyophilization holds a promising application in the drug development process as the heat-sensitive or unstable biological and drugs can be dried at low temperatures without compromising on their physical structures and can be reconstituted on its requirement
Lyophilization in Pharmaceuticals Market Dynamics
The vast market for pharmaceuticals is experiencing a decline, wherein the returns on the pharmaceutical investments have also shrunk along with regulatory pricing pressure and shortened profit margins for the manufacturers. In this scenario, the pharmaceutical companies are compelled to confront the truth and lower the price of drug production. This has led to evaluation of production expenditure and adoption of cost saving options such as outsourcing the clinical trials. The contract research organizations are specialized service providers that help in partial to overall conduction of clinical trials to the pharmaceutical manufacturers in order to cut down on the costs of drug development and clinical trials. Lyophilization holds a promising application in drug development process as the heat-sensitive or unstable biological and drugs can be dried at low temperatures without compromising on their physical structures and can be reconstituted on its requirement.
The increasing number of clinical trial studies undertaken by CROs is thus expected to help in the growth of Lyophilization in pharmaceuticals market. For instance, according to the clinicaltrials.gov, the number of oncological clinical trials has increased by 60% from 2,500 in 2007 to approximately 4,000 in 2017. Additionally, the clinicaltrials.gov as of January 2018 registers 284,665 studies in 50 states and 204 countries across the world. Moreover, according to a report by Piramal Pharma Solutions, by 2026, contract manufacturing of sterile injectable drugs will account for 25.7% of contract final dosage form (FDF) manufacturing revenues, up from 22.3% in 2014. Thus, the CROs that can help pharmaceutical companies continue to advance innovation while reducing operating costs is expected to position for significant growth of Lyophilization market in pharmaceuticals over the years to come.
The high cost of maintenance and setting up systems for carrying out the process of lyophilization as well as trained workforce to handle the systems carefully are some factors which are likely to hold back the growth of the global lyophilization in the pharmaceuticals market in the near future. Nevertheless, recently, there is technological advancement and approval in the injectable drug formulations, which parallely provides rapid growth to the lyophilization in the healthcare sector, thus propelling the growth of the global lyophilization in pharmaceuticals market.
By the same token, there is a rising demand for lyophilized products as well as superior products with longer shelf life and stability in the global market which is also positively supporting the growth of the global lyophilization in pharmaceuticals market. Although, another factor that may limit the market growth is there can be mechanical errors that can take place like excess heating, vapor choking, condenser overload which may obstruct the growth of the global lyophilization in pharmaceuticals market.
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Lyophilization in Pharmaceuticals Market Segmentation
Lyophilization in Pharmaceuticals market includes segments such as type, scale of operation, product type, application, and region.
By Type
Tray-Style Freeze Dryers
Manifold Freeze Dryers
Shell (Rotary) Freeze Dryers
By Scale of the Operation
Industrial-Scale Lyophilization Equipment
Pilot-Scale Lyophilization Equipment
Laboratory-Scale Lyophilization Equipment
By Product Type
Loading & Unloading Systems
Controlling & Monitoring Systems
Vacuum Systems
Clean-in-Place (CIP) Systems
Drying Chambers
Freeze Drying Trays & Shelves
Manifolds
Other Accessories
By Application
Food Processing and Packaging
Pharmaceutical and Biotechnology Manufacturing
Medical Applications
Others
Lyophilization in Pharmaceuticals Market Key Players
Lyophilization in Pharmaceuticals market is mainly dominated by Thermo Fisher Scientific, Inc., SP Industries, Azbil Corporation, GEA Group, Millrock Technology, Inc., Labconco Corporation, Biopharma Process Systems, Inc., Z-SC1 Corp, PYRAMID Laboratories, Inc., and ZIRBUS Technology GmbH. In September 2016, SP Scientific purchased ControLyo Nucleation Technology and all related patents from Praxair Inc. This will allow SP Scientific to work more closely with our customers and leading freeze drying scientists to continually advance the commercial benefits and drive adoption and integration of ControLyo. In January 2017, SP Scientific introduced new dedicated website for its PennTech brand of advanced aseptic processing equipment for the pharmaceutical and biotech industries.
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