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Global Pharmaceutical Cleanroom Technology Market to Grow at a CAGR of 11.90% During 2022-2027, Aided by the Increasing Number of Clinical Trials Worldwide

According to a new report by EMR titled, ‘Global Pharmaceutical Cleanroom Technology Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 7.21 billion in 2021. The market is further expected to grow at a CAGR of 11.90% between 2022 and 2027 to reach USD 12.64 billion by 2027.

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:

  • The market is segmented, based on product type, into safety consumables, cleaning consumables, and equipment.
  • Based on drug manufacturer type, the market can be segregated into generic drug manufacturer, branded drug manufacturer, biosimilar manufacturer, and biopharmaceutical drug manufacturer.
  • Region-wise, the global market for pharmaceutical cleanroom technology can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for pharmaceutical cleanroom technology is being driven by the growing number of clinical trials worldwide and the rising concerns associated with the working conditions of manufacturing unit personnel.
  • The increasing safety standards owing to the stringent government regulations pertaining to pharmaceutical applications are anticipated to boost the market growth.
  • The growing research and development activities in the pharmaceutical industry owing to the increasing incidences of vaccine preventable diseases and chronic illnesses are likely to aid the market.
  • The market is expected to be further supported by the rapid development of pharmaceutical manufacturing zones and facilities.

Key Offerings of the Report:

  • The EMR report gives an overview of the global pharmaceutical cleanroom technology market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the product types, drug manufacturer types, and major regions of pharmaceutical cleanroom technology.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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