The new report by Expert Market Research 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 like product types, drug manufacturer types, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 7.21 billion
- Forecast CAGR (2022-2027): 90%
- Forecast Market Size (2027): USD 12.64 billion
The rising concerns pertaining to the safety of the personnel, coupled with the stringent government policies aimed towards regulating the production standards of pharmaceutical products are anticipated to bolster the market growth in the forecast period. Moreover, the presence of skilled workers and the rising investments by the government to support the pharmaceutical sector are anticipated to provide a further impetus to the market in the forecast period. In terms of region, the Asia Pacific holds a significant share in the market owing to the low cost of clinical trials in countries like India and China. In addition, the rising healthcare expenditure in emerging economies of the region is likely to aid the market in the forecast period.
Industry Definition and Major Segments
Pharmaceutical cleanroom technology refers to a system which helps to create a safe environment for the production of essential medications and run 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
- Equipment
By drug manufacturer type, the market can be divided into:
- Generic Drug Manufacturer
- Branded Drug Manufacturer
- Biosimilar Manufacturer
- Biopharmaceutical Drug Manufacturer
The regional markets for pharmaceutical cleanroom technology include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The rising clinical trials and growing research and development activities in the pharmaceutical industry aimed towards formulating effective medications and vaccines as a potential cure and treatment for specific diseases are expected to support the market growth. This trend is further being fuelled by the rising incidences of infectious diseases across the globe. Furthermore, the development of cleanroom technology solutions that comply with the International Organisation for Standardisation (ISO) and Good Manufacturing Practice (GMP) standards is expected to support the market growth in the coming years, as pharmaceutical production requires highly sterile and clean environment.
Key Market Players
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of the key industry players of the market.
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