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Pharmaceutical Isolator Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033
Pharmaceutical Isolator Market Size
As per the report, the pharmaceutical isolator market size has grown strongly in recent years. It will grow from $8.87 billion in 2023 to $9.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The pharmaceutical isolator market size is expected to see strong growth in the next few years. It will grow to $13.11 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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Pharmaceutical Sector Expansion Boosts Pharmaceutical Isolator Market Growth
The continuous growth of the pharmaceutical sector is expected to propel the growth of the pharmaceutical isolator market going forward. The pharmaceutical sector is an industry that involves public and commercial organizations in the discovery, development, and manufacture of drugs and remedies (pharmaceuticals). An isolator in a pharmaceutical manufacturing site allows procedures to be contained as they require a safe environment devoid of live bacteria and separates the manufacturing area from the personnel/environment to keep contamination from migrating from one region to the next, which provides a better level of confinement than standard clean rooms. For instance, in July 2022, according to the National Library of Medicine, National Library for Biotechnology Information, a US-based federal medical library, overall pharmaceutical spending in the United States increased by 7.7% from 2020 to $576.9 billion in 2021. Additionally, in 2022, it predicts an increase in overall prescription drug spending of 4.0% to 6.0%, with increases in clinics and hospitals of 7.0% to 9.0% and 3.0% to 5.0%, respectively, compared to 2021. Therefore, the continuous growth of the pharmaceutical sector is driving the growth of the pharmaceutical isolator market.
Innovative Solutions Driving Trends In Pharmaceutical Isolator Market
Product innovation is a key trend gaining popularity in the pharmaceutical isolator market. Major companies operating in the pharmaceutical isolator market are working on new product innovations to sustain their position in the market. For instance, in April 2021, ILC Dover, a US-based special engineering development and manufacturing company, developed soloPURE, a single-use flexible isolator for global pharmaceutical and biopharmaceutical processing. soloPURE provides a closed, Grade-A, aseptic environment for fill-finish activities requiring positive and negative pressures, giving organizations with facility constraints or expensive closed-barrier systems a better way to handle potent sterile powders. This cost-effective flexible isolator performs comparably to complete hard-walled aseptic isolation systems via lyophilization bolt-on modules that provide extra capabilities without the added costs. Additionally, it maximizes productivity with a fully disposable chamber, cleanroom efficiency with a lower footprint, operator access with double-sided entry, and risk mitigation with integrity testing throughout its lifecycle.
The pharmaceutical isolator market covered in this report is segmented -
1) By Type: Closed Isolator Systems, Open Isolator Systems
2) By Configuration: Floor-Standing, Modular, Mobile, Compact, Tabletop, Portable
3) By Application: Aseptic Isolators, Containment Isolators, Other Applications
4) By End-User: Pharmaceutical And Biotechnology Companies, Research Laboratories, Other End Users
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Major companies operating in the pharmaceutical isolator market report are Getinge AB, Wabash National Corporation, Chiyoda Corporation, Azbil Corporation, Hosokawa micron Ltd., Bioquell Limited, M Braun Inertgas-Systeme GmbH, Fedegari Group, Extract Technology Ltd., Germfree Laboratories Inc., COMECER SpA, Hosokawa Micron Powder Systems, ACIC Pharmaceutical Machinery, Skan AG, Custom Powder Systems, NuAire Limited, Gelman Singapore Pte Ltd., Contained Air Solutions Ltd., Dec Group, ITECO Engineering Srl, Schematic Engineering Industries Private Limited., Containment Technologies Group Inc., Inert Corporation
Contents of the report:
1. Executive Summary
2. Pharmaceutical Isolator Market Report Structure
3. Pharmaceutical Isolator Market Trends And Strategies
4. Pharmaceutical Isolator Market - Macro Economic Scenario
5. Pharmaceutical Isolator Market Size And Growth
…..
27. Pharmaceutical Isolator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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