The global pharmaceutical cleanroom technology market will be driven by increasing investments in the pharmaceutical sector to develop effective drugs during the forecast period 2022-2027
Expert Market Research’s new report titled “Global Pharmaceutical Cleanroom Technology Market Report and Forecast 2022-2027′, gives an in-depth analysis of the global pharmaceutical cleanroom technology market, assessing the market based on its segments such as product types, drug manufacturer types, and regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): $7.21 billion
- Forecast CAGR (2022-2027): 90%
- Forecasted market size (2027): 12.64 billion USD
Rising concerns over personnel safety coupled with stringent government policies to regulate production standards of pharmaceuticals are expected to support the growth of the market over the forecast period. Moreover, the presence of skilled workers and increasing government investments to support the pharmaceutical sector are expected to give further impetus to the market during the forecast period. In terms of region, Asia-Pacific holds a large share of the market owing to the low cost of clinical trials in countries like India and China. Additionally, rising healthcare spending in emerging economies in the region is expected to help the market during the forecast period.
Industry definition and major segments
Pharmaceutical cleanroom technology refers to a system that helps create a safe environment for the production of essential medicines and to conduct clinical trials by maintaining the cleanliness and hygiene of the area and protecting it from contaminants such as dust and bacteria.
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On the basis of product type, the market can be classified into:
- Safety Consumables
- Cleaning Consumables
By Type of Drug Manufacturer, the market can be split into:
- Generic drug manufacturer
- Manufacturer of branded drugs
- Manufacturer of biosimilars
- Manufacturer of biopharmaceutical drugs
Regional markets for pharmaceutical cleanroom technology include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Increase in clinical trials and growth in research and development activities in the pharmaceutical industry aimed at formulating effective drugs and vaccines as potential cures and treatments for specific diseases are expected to support the growth of the market. This trend is further fueled by the increasing incidence of infectious diseases across the world. Furthermore, the development of cleanroom technology solutions that comply with International Organization for Standardization (ISO) standards and Good Manufacturing Practices (GMP) is expected to support the market growth in the coming years, as pharmaceutical production requires a highly sterile and clean environment.
Main market players
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of major industry players in the market.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.
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