The process of freeze-drying is an effective method for preserving oxidizable liquid and semi-liquid food products. This method reduces drying time and enables vacuum packaging within a chamber. It preserves physical properties and prevents oxidation. There are several types of freeze-drying methods, and each one has its own advantages and disadvantages. Freeze-drying is a mass-exchange process in which water is removed from the material by sublimation. The process requires heat transport and pressure within the freeze-dryer chamber. For high-quality food and pharmaceuticals, the process is beneficial to their properties.
The global lyophilized product market is estimated to be valued at US$ 393.8 billion in 2021 and is expected to exhibit a CAGR of 7.3% during the forecast period (2021-2028).
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The growing prevalence of infectious and autoimmune diseases is driving market growth during the forecast period
Increasing prevalence of infectious and autoimmune diseases is expected to drive the global lyophilized product market growth over the forecast period. For instance, according to an article published in Microbial Cell in 2020, annually, over 150 million severe cases of fungal infections occur worldwide, resulting in approximately 1.7 million deaths per year.
Increasing product launches and approvals are expected to drive the market growth during the forecast period.
Growing product launches and approvals for lyophilized products are expected to drive the global lyophilized product market growth over forecast period. For instance, in May 2021, Dr. Reddy’s Laboratories Ltd., an Indian multinational pharmaceutical company, announced the launch of Ertapenem for Injection, 1 g/vial, a therapeutic equivalent generic version of INVANZ (ertapenem for injection) for injection, 1 g/vial approved by the U.S. Food and Drug Administration (USFDA) in the U.S. market
Global Lyophilized Product Market – Impact of Coronavirus (COVID-19) Pandemic
The coronavirus (COVID-19) pandemic and subsequent lockdown in various countries across the globe have impacted the financial status of businesses in all sectors. Private healthcare sector is one of the sectors which is majorly impacted by the COVID-19 pandemic. The coronavirus pandemic has also negatively impacted the development, production, and supply of medicines and the growth of the pharmaceutical businesses of various companies across the globe. The lockdown has resulted in the closure of industrial establishments, except the manufacturing of essential commodities, and disruption in the supply chain of pharmaceuticals and kits for diagnostic and therapeutic use. Thus, the COVID-19 pandemic has affected the economy in three main ways: 1) by directly affecting the production and demand; 2) disrupting distribution channels; and 3) causing financial impact on firms and financial markets. Supply chain and manufacturing activities in India, China, and the U.S. are disrupted due to global lockdown, while many countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to the transportation of drugs from one place to another
Global Lyophilized Product Market: Restraint
The major factors that are expected to hinder the global lyophilized product market growth include product recalls. For instance, in September 2021, Eli Lilly and Company is an American pharmaceutical company., voluntarily recalled lot D239382D, Expiration April 2022, of Glucagon Emergency Kit for Low Blood Sugar (Glucagon for Injection, 1 mg per vial; Diluent for Glucagon, 1 mL syringe), to the consumer/user level. The company recalled lot D239382D to the patient level because of a product complaint reporting that the vial of Glucagon was in liquid form instead of the powder form. The firm’s investigation indicates that the liquid in the Glucagon vial could be related to the manufacturing process. The use of the liquid form of this product may fail to treat severe low blood sugar due to the loss of potency
Key Players
Major players operating in the global lyophilized product market include Sanofi, Merck & Co., Inc., Fresenius Kabi AG, Ciron Drugs & Pharmaceuticals Pvt. Ltd., Glaxosmithkline Plc, Mylan NV., Pfizer, Inc., Amneal Pharmaceuticals LLC, Otsuka Holdings Co. Ltd., BTG PLC, Bristol-Myers Squibb Company, Novartis AG, Takeda Pharmaceutical Company Limited, Biogen Inc., Dr. Reddy’s Laboratories Ltd., Zydus Cadila, AbbVie Inc., Cipla Inc., Johnson & Johnson Services, Inc., Affy Pharma Private Limited, Jubilant Pharmova Limited, and Biocon
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Lyophilized Product Market Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Lyophilized Product Market Industry Impact
Chapter 2 Global Lyophilized Product Market Competition by Types, Applications, and Top Regions and Countries
2.1 Global Lyophilized Product Market (Volume and Value) by Type
2.3 Global Lyophilized Product Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Lyophilized Product Market Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Lyophilized Product Market Market Analysis
Chapter 6 East Asia Lyophilized Product Market Market Analysis
Chapter 7 Europe Lyophilized Product Market Market Analysis
Chapter 8 South Asia Lyophilized Product Market Market Analysis
Chapter 9 Southeast Asia Lyophilized Product Market Market Analysis
Chapter 10 Middle East Lyophilized Product Market Market Analysis
Chapter 11 Africa Lyophilized Product Market Market Analysis
Chapter 12 Oceania Lyophilized Product Market Market Analysis
Chapter 13 South America Lyophilized Product Market Market Analysis
Chapter 14 Company Profiles and Key Figures in Lyophilized Product Market Business
Chapter 15 Global Lyophilized Product Market Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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