Lyophilization Industry - Regional Synopsis
Geographically, the lyophilization market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is poised to dominate majority revenue share by 2037, owing to increasing investments in lyophilizer technological infrastructure, and the rise in income levels of the population in the region. Furthermore, in 2021, the market in North America region is evaluated to occupy the largest share in terms of revenue, owing to the growing adoption of advanced lyophilization technologies in vaccine development by pharmaceutical companies, accompanied by the increased awareness about lyophilized products in the region. Along with this, the presence of well-established pharmaceutical & biotech industry is also expected to contribute to the market growth in the region.
