MarketsandMarkets Blog

The pharmaceutical drying equipment market is experiencing rapid growth, spurred by advancements in technology and a rising demand for high-quality drying solutions to enhance drug stability and efficiency. This trend, primarily driven by innovations in freeze-drying (or lyophilization) and other drying technologies, presents a lucrative opportunity for industry stakeholders. In this post,...

Overview The global pharmaceutical drying equipment market is projected to reach USD 8.18 billion by 2029 from USD 5.80 billion in 2024, at a CAGR of 7.1% during the forecast period. The expansion of pharmaceutical manufacturing facilities globally, increased demand for biopharmaceuticals such as vaccines, antibodies, and hormones, and the rapid growth of CMOs drive market growth. The market has...