Lyophilization has always been a popular choice for deployment for parenteral product development. The process has shown tremendous potential in improving shelf-life of products. Its other benefits include improving efficacy of formulations, introducing complex injectables where necessary, and easy storage among others. The rising investment in research by pharmaceutical companies, and growing need to produce complex biologics are expected to drive significant growth for the market in the near future. The growing demand for drug products, and lyophilized bulk APIs will also drive new growth opportunities for existing players. The rising emphasis on good manufacturing practices will also make the growth more lucrative for existing players in the near future.
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Protein-Based Drug Formulations to Present Lucrative Opportunities
Protein-based drug formulations, important for treatment of various chronic illnesses including cancers are expected to create new opportunities for players in the lyophilisation services for biopharmaceuticals market in the near future. The promising application of these services in improving shelf life remains the key draw for end-industries as biological activity to keep vaccines intact for long duration’s drives growth. The increasing cost-effective techniques used in the market also drive new opportunities as cutting-edge technology takes charge. Moreover, the growing demand for biological therapies for therapeutics in the developing region also promises new opportunities for growth. The rising need to improve efficacy of biologics, and improving need to increase shelf-life will drive new opportunities for growth in the near future.
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North America Region Promises Key Opportunities for Growth
North America promises new opportunities for established players as rising investment in research, thanks to expiry of patents, and streamlining of FDA approvals drives growth in the lyophilisation services for biopharmaceuticals market drives growth. The growing interest in research in Asia Pacific, and increased interest in patents by key countries such as China also promises new opportunities for growth.