Worldwide Freeze-drying Industry to 2029: by Application, Type of Lyophilization Equipment, Accessories and Region
DUBLIN, Feb. 3, 2023 /PRNewswire/ -- The "Freeze-drying Market Analysis by Application, by Type of Lyophilization Equipment, By Accessories, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for lyophilized goods in the pharmaceutical and biotechnology sectors, innovations in lyophilization processes, and demand for food preservation are on the rise are some of the key drivers of the market.
However, pharmaceutical businesses are increasingly using reconditioned lyophilizers and the increasing use of alternate drying processes in the pharmaceutical and biotechnology sectors are expected to restrain the market growth.
However, the presence of significant competitors in the lyophilization market in the APAC region, and the development of production facilities of prominent pharma firms, are likely to support market growth in this region throughout the forecast period.
Unlike the Asia Pacific, the Americas, with its developed pharmaceutical industry and prominent firms, have a strong growth potential in the projection term. The growth in demand for freezing equipment in various countries, and the developing economy in the food industry, are projected to have a significant influence on the worldwide freeze-drying equipment market.
Application (Revenue, USD Million)
Type of Lyophilization Equipment (Revenue, USD Million)
Accessories (Revenue, USD Million)
Scale of Operation (Revenue, USD Million)
By Region (Revenue, USD Million)
Middle East & Africa
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SOURCE Research and Markets