Cleanroom Technology Market worth $9.6 billion by 2026 — Exclusive Report by MarketsandMarkets™
According to new market research report, “Cleanroom Technologies Market is expected to reach USD 9.6 billion by 2026 from USD 7.1 billion in 2021, at a CAGR of 6.2% during the forecast period, according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by the stringent regulatory framework, growth of the biologics sector, rising demand for parenteral and injectable pharmaceutical formulations, growing demand for medical devices, and advancements in cleanroom technologies. However, the high operational costs associated with cleanrooms is expected to restrain the growth of this market during the forecast period.
Browse and in-depth TOC on “Cleanroom Technologies Market”
289 — Tables
41 — Figures
313 — Pages
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Key Findings of the Study:
- The consumables segment is expected to grow at the highest CAGR during the forecast period.
- The standard/drywall cleanrooms segment accounted for the largest share of the cleanroom technologies market.
- Biotechnology is expected to grow at the highest rate during the forecast period.
- North America is expected to hold the largest share for players operating in the cleanroom technologies market.
The growth of this market is majorly driven by the rising demand for sterilized pharmaceutical formulations, increasing demand for medical devices. The technological advancements in cleanroom technology along with the increasing demand for cleanroom technologies in developing economies are expected to offer significant opportunities for market growth in the coming years.
However, the technical limitations associated with their operational costs and technical challenges associated with the customization of cleanroom designs in developing economies are hindering the growth of this market to a certain extent.
Geographical Growth Scenario:
North America accounted for the largest share of the cleanroom technologies market in 2020. Factors such as stringent regulatory standards for product approvals, technological advancements in cleanrooms, initiatives taken by private organizations to create awareness regarding cleanrooms, and growth of the healthcare sector on a global scale are among the few factors expected to contribute to the growth of this market.