Lewes, DE -- (SBWire) -- 08/16/2016 --Report forecast the global lyophilization equipment and services market to grow at a CAGR of 8.36% during the period 2016-2020.
Lyophilization or freeze drying is a dehydration process used to preserve perishable materials and transport them easily. It is an efficient method for drying various unstable, heat-sensitive, and aqueous products in various industries. The process is widely used in the pharmaceutical and biotechnology companies to stabilize, store, and increase the shelf life of drug products and other biological molecules such as antibodies, proteins, hormones, enzymes, blood plasma, and bacteria-derived compounds, without affecting their internal physical structure. The process removes 95%-97% of the moisture or solvent from the products and provides a prolonged storage. Freeze drying also helps produce tablets or wafers for easy dosage administration.
The report covers the present scenario and the growth prospects of the global lyophilization equipment and services market for 2016-2020. To calculate the market size, we consider the revenue generated from the sales of:
Equipment:
- Tray-style freeze dryer
- Manifold freeze dryer
- Rotary freeze dryer
Services:
- Aseptic filling
- Cycle developments
- Bulk lyophilization
The market is divided into the following segments based on geography:
- Americas
- EMEA
- APAC
According to the report, focus on labile drugs and injectable therapeutics is a key driver for this market. Many pharmaceutical companies use lyophilization to improve the stability and long-term storage of labile drugs, vaccines, and injectable medicine. Freeze-dried formulations also offer easy handling during shipping. In the market, more than 150 small-molecule lyophilized injection products and 55 lyophilized proteins and vaccines are available. These products are lyophilized as they are unstable in aqueous solutions.
Further, the report states that shortage of skilled technicians is a challenge to market growth. The healthcare industry has been growing at a rapid pace, which has led to the need for more staff and technical experts. Shortage of skilled technicians can have a negative impact on the productivity and growth of a business, delay projects, create ongoing vacancies, increase wage levels, limit the capacity for R&D, and raise work pressure on the existing staff. Many medical facilities are using complex technologies that require technicians who have a thorough understanding of the working mechanisms.
Global Lyophilization Equipment and Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global lyophilization equipment and services market: Azbil Telstar, GEA Group, Labconco, and ThermoFisher Scientific.
Other Prominent Vendors in the market are: Aseptic Technologies, BioPharma Solutions, Biopharma Technology, Coriolis Pharma, Cryotec, Freezedry Specialties, HOF Enterprise, IMA Pharma, MechaTech Systems, Tofflon Science and Technology, and W.L. Gore and Associates.
Market driver
- Focus on labile drugs and injectable therapeutics
- For a full, detailed list, view our report
Market challenge
- Shortage of skilled technicians
- For a full, detailed list, view our report
Market trend
- Novel technologies for lyophilization
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 59 pages and 35 Exhibit "Global Lyophilization Equipment and Services Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Major vendors, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-lyophilization-equipment-and-services-market-2016-2020
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