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The pharmaceutical cleanroom technology industry is being driven by the rising number of clinical trials across the globe, growing research and development activities aimed towards the development of high-quality drugs and medicines which conform with the government regulations, and the rising healthcare expenditure. In addition, the growing efforts by the major pharmaceutical companies to improve the safety standards in the pharmaceutical industry are anticipated to propel the demand for pharmaceutical cleanroom technology in the forecast period. Moreover, the growing concerns pertaining to the security and safety of personnel working in the pharmaceutical manufacturing units are anticipated to supplement the market growth in the forecast period.
The rapid technological advancements in the pharmaceutical industry, coupled with the progressive product innovations are likely to provide impetus to the pharmaceutical cleanroom technology industry. For instance, in March 2022, Gerresheimer AG (OTCMKTS: GRRMF) announced the establishment of its small series production at its Technical Competence Centre at Peachtree City, Georgia. Furthermore, the company confirmed that small quantities of the product will be manufactured under ISO class 8 cleanroom. In another case, Gerresheimer AG selected Schilling Engineering for the construction of its new 400 sqm cleanroom to support the safe production of injection vials, which would expand the production capacity of its Wertheim unit by 150 million vials.
In terms of region, North America is likely to witness a steady growth in the forecast period. The market in the region is likely to be driven by the rapid development of laboratories, pharmaceutical manufacturing facilities, and high healthcare expenditure in countries like the United States and Canada. Moreover, the stringent government regulations in the region aimed towards bolstering the standard and quality of healthcare services are anticipated to aid the market in the forecast period. Furthermore, the thriving pharmaceutical packaging industry owing to the increasing sales of drugs and medicines through online sales channels is expected to provide an impetus to the market in the coming years.
Market Breakup by Product Type, Drug Manufacturer Type, and Region:
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The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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