Rising Demand for Biologics and Extended Shelf Life Fuels Lyophilization Equipment Market Growth
The global lyophilization equipment and services market was valued at US$ 5,982.2 Mn in 2023 and is projected to expand at a CAGR of 7.7% from 2024 to 2034, reaching more than US$ 13,478.1 Mn by the end of 2034. Growing demand for pharmaceuticals and biological products, coupled with the increasing focus on extending the shelf life of medicines and food products, is expected to drive market...
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