Lyophilization Equipment and Services Market Share, Size, Growth and Segment Forecasts to 2020

Technavio Announces the Publication of its Research Report – Global Lyophilization Equipment and Services Market 2016-2020

Technavio recognizes the following companies as the 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.

Commenting on the report, an analyst from Technavio’s team said: “Novel technologies for lyophilization is a key trend for this market. The main disadvantage of freeze drying technology is the long and cost-intensive process and the limited amount of vials processed in each run, which restrict the overall production capacity. This has led research institutes to focus on novel technologies to develop lyophilization processes that will reduce the preservation costs of biomolecules.”

Browse full report with TOC@ https://marketreportscenter.com/reports/344089/global-lyophilization-equipment-and-services-market-2016-2020

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...