Lyophilized Injectable Market is poised to hit US$ 5348.56 Million by 2033, with Lyophilized Medications driving this growth | FMI

Lyophilized Injectable Market
Lyophilized Injectable Market

Over the forecast period, the Lyophilized Injectable Market is anticipated to grow CAGR at a moderate pace of 5.8%. The market for lyophilized injectables is expected to be worth US$ 3043.55 Million in 2023. Demand for lyophilized injectables is anticipated to peak at US$ 5348.56 Million by 2033.

The popularity of lyophilized medications is growing as a result of their stability at room temperature. Additionally, after a brief rehydration procedure, they are prepared for usage. Therefore, using this method streamlines and simplifies procedures while also helping to reduce the likelihood of making a lot of pipetting errors. As a result of all these benefits, the global lyophilized injectable market is predicted to expand in the coming years.

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A significant factor driving up the demand for these medicines is the rise in chronic diseases. Over the last ten years, there has been a big drop in the number of people with heart disease, kidney disease, cancer, and diabetes. All these diseases have been linked to people becoming less active and eating more processed foods. The fact that more young adults now consume alcohol and smoke tobacco has increased concerns about them developing chronic diseases.

One of the most important aspects of lyophilizing injectable medications is the packaging used to store them. Even when it only happens occasionally, lyo-breakage has a big effect on operations and costs. This has made the key players in the global lyophilized injectable market more interested in the possibility of using different vial designs in their plans to lower the risk of lyo-breakage. With this change, businesses can move vials in and out of the lyophilizer without having to use a lot of side-load force.

Lyophilization is an extremely important process that requires a wide range of expensive tools to complete successfully. So, to prevent lyo-breakage, manufacturers are focusing on lowering the peak vertical load when the stopper is closed.

Key Takeaways:

  • In 2022, the injection supplies drugs market held more than 29% of the business share coming from the prefilled diluent syringes segment.
  • In 2022, the market for online pharmacies generated more than US$ 34 Billion. The emergence of the COVID-19 pandemic is a major factor that is driving a steady shift away from physical pharmacies and toward online e-commerce websites. This shift is expected to help to foster the development of online platforms.
  • In 2022, the lyophilized injectable market in North America held more than a 47 percent revenue share.
  • In 2022, the segment of antiarrhythmic drugs accounted for more than US$19 Billion in revenue. The growing incidence of cardiovascular diseases across the globe is one of the primary contributors to the skyrocketing demand for these medications.

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Competitive Landscape:

Companies that play a crucial role in meeting the global demand for lyophilized injectables are becoming increasingly interested in making drug delivery systems that can be used with any drug, can be updated, and changed. To reach their objective, they are investing heavily in R&D-related activities.

Key players in the injection supplies industry rely on a strategy of continuous product development and improvement to meet the needs of customers all over the world and keep their place in the highly competitive global lyophilized injectable market. For instance, in April 2022, Recipharm acquired the Contract Development and Manufacturing Organisation (CDMO) services of both Arranta Bio, a leader in advanced therapy, and Vibalogics, a pioneer in virotherapy. Recipharm’s new facilities in Boxborough, Massachusetts gives the company a solid footing in the United States and pave the way for future growth into new areas of biologics therapy.

  • B. Braun Melsungen AG
  • Baxter International, Inc.
  • BD
  • Schott AG
  • Aristopharma Ltd.
  • Vetter Pharma
  • Jubilant HollisterStier LLC

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Key Segments in the Lyophilized Injectable Market:

Packaging:

  • Single-Use Vials
  • Point-of-Care Reconstitution
  • Specialty Packaging

Type of Delivery:

  • Prefilled Diluent Syringes
  • Single-Step Devices
  • Proprietary Reconstitution Devices
  • Multi-Step Devices

Indication:

  • Metabolic and Oncology Conditions
  • Infectious Diseases
  • Autoimmune Diseases
  • Others

End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA (Middle East and Africa)
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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