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Cleanroom Consumables Market: Demand from Biological Drug Sector Increasing
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According to Transparency Market Research, the global cleanroom consumables market is anticipated to be worth US$3.04 bn by 2023. On the basis of product, gloves is witnessing high demand. The glove segment is also anticipated to expanded the fastest pace in the years to come. On the basis of application, the biotechnology industry is leading. The biotechnology industry segment is anticipated to cross US$1 bn by the end of the forecast period.
In terms of geography, North America is leading followed by Europe. However, these regions are mature markets for cleanroom consumables and are therefore expected to exhibit sluggish growth in the years to come. Asia-pacific, on the other hand, is anticipated to exhibit a robust growth in the years to come on account of the fast developing healthcare sector, rising medical tourism, increasing geriatric population, and the escalating prevalence of various chronic diseases and obesity among others.
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According to the lead author of this report, “one of the key factors boosting the growth of the cleanroom consumables market is the introduction of sustainable nanotechnology in the healthcare sector. Manufacturers of medical devices have increased manifolds in the last few years as a result of the rising demand for advanced devices. This in turn has led to a stupendous demand for cleanroom consumables. The demand for cleanroom consumables is also increasing from the biological drug sector.
On the other hand, strict regulatory standards which are pushing manufacturers to create top quality cleanroom consumables will act as a double-edged sword. There is no one global standard in the regulations and mandates and each region has its own regulations. This is expected to be the biggest challenge of the global cleanroom consumables market. On a bright note however, it is expected that setting up manufacturing plants in the developing nations of Asia Pacific will prove to be lucrative for market players within the global cleanroom consumables market.
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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.
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