Healthcare Cleanroom Consumables Market is Expanding at a 4.76% CAGR between 2015 and 2023
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According to the report, the global healthcare cleanroom consumables market will exhibit a promising 4.76% CAGR over the period between 2015 and 2023, rising from a valuation of US$2 bn in 2014 to an opportunity of US$3 bn by 2023. Of the key applications of the market, the biotechnology sector, which is presently the largest, is expected to retain its dominance over the forecast period as well. Geographically, the market in North America is expected to remain the leading regional market in terms of revenue opportunity over the report’s forecast period.
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Rising Demand for New Drug Varieties and Medical Devices to Help Market Pick Pace
The market has picked pace in the recent years owing to the increased demand for new drug varieties and advanced medical devices to treat the rising pool of patients suffering from a number of chronic conditions globally. As cleanrooms enable the ideal surroundings for undertaking research and development in these sectors, their demand has significantly gone up in the recent years, which, in turn, has led to an increased uptake of a variety of cleanroom consumables. Furthermore, the rising numbers of medical device manufacturing facilities across the globe and a massive rise in stringent quality and safety regulations associated with the pharmaceutical, biomedical, and medical device industries are also driving the market.
Emerging Markets for Medical Device Manufacturing to Lead to Promising New Growth Opportunities
The market is expected to find hordes of new growth opportunities in regional markets such as Asia Pacific and Latin America wherein the number of medical device manufacturing units has seen a major rise in the recent years. Owing to the low cost of establishment and operations, emerging economies such as China and India in these regions are becoming the preferred destinations for medical device companies, thus leading to the increased demand for necessary infrastructure, including cleanrooms.
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This analytical overview of the global healthcare cleanroom consumables market is based on a recent report by Transparency Market Research, titled “Healthcare Cleanroom Consumables Market (Product – Wipers (Dry and Wet), Cleanroom Apparels(Coverall, Frock, Boot Cover, Shoe Cover, Bouffant, Sleeves, Pants, Face Masks, and Hood), Cleaning Products (Cleanroom Mops, Buckets, Wringers, Squeegees, Validation Swabs, and Cleaning Chemicals), and Cleanroom Stationery (Paper, Notebook and Adhesive Pads, Binders and Clipboards, and Labels); Application – Pharmaceutical, Biotechnology, Medical Devices, Academia, and Hospitals) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2023.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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