Medical Device Lyophilization Freeze Drying Equipment Market | Page 2

REPORT DESCRIPTION
Lyophilization/Freeze Drying Equipment Market – Overview
The global lyophilization/freeze drying equipment market size was valued at US$ 2,116.5 million in 2017,
and is expected to exhibit a robust CAGR of 6.5% over the forecast period (2018 – 2026).
Increasing number of drug development process and biopharmaceutical research is a major factor
augmenting growth of the market as lyophilization is widely used for pharmaceuticals/ biopharmaceuticals
to improve stability, thereby achieve adequate shelf life. Lyophilization or freeze-drying is vital process in
developing and manufacturing unstable and sensitive pharmaceuticals, as they aid in introducing new
pharmaceutical to market. Biopharmaceuticals are produced by genetically modified organisms and are
temperature sensitive complex molecules, which require gentle freeze drying with the lyophilisation
process to attain adequate shelf life. According to the survey by Martin Christ GmbH, around 60% of the
biopharmaceutical products, such as special cancer treatment substances and antibodies, require freeze
drying for attaining efficient results in clinical trials.