Over $8,000.0 Million Revenue Expected In Global Cleanroom Technology Market By 2030

By Author: Pramod Kumar
Total Articles: 97
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According to the forecast of P&S Intelligence, a market research company based in India, the market would generate a revenue of $8,909.6 million by 2030. The key factors driving the progress of the market are the growing requirement for certified products, innovations in cleanroom technology, and the rising incidence of infectious diseases.

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In addition to the above-mentioned drivers, the growing medical device, biotechnology, and pharmaceutical industries, the implementation of favorable healthcare policies, the ballooning requirement for sterilized pharmaceutical products, and the surging healthcare expenditure in several countries are also propelling the advancement of the market across the globe. There have been numerous advancements in cleanroom technology in the last few years, that have helped provide a contamination-free environment for manufacturing and research and development (R&D) applications.

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Depending ...
... on end-use industry, the cleanroom technology market is divided into pharmaceutical, medical device, and biotechnology categories. Amongst these, the pharmaceutical category recorded the highest growth in the market in the past and this trend is likely to continue in the future years. This would be a result of the existence of numerous biopharmaceutical companies, for whom, the maintenance of proper hygiene and cleanliness inside the R&D and production facilities is of paramount importance for preventing the spread of infections.

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Geographically, the Asia-Pacific (APAC) cleanroom technology market is predicted to exhibit the highest growth rate in the world in the forthcoming years. This is credited to the rising healthcare spending, ballooning requirement for certified products, and the growing need for sterile and clean conditions for manufacturing products. In addition to this, the expansion of the biotechnology, medical devices, and pharmaceutical industries is also fueling the growth of the market in the region.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.