Persistence Market Research (PMR) has recently published a report, titled “Global Market Study on Cleanroom Technology: Consumables to Witness Highest Growth by 2020”. As per the findings of the study, the global cleanroom technology market, which stood at US$3.1 bn in 2014, will reach US$4.3 bn by 2020. If the valuations hold true, the market will exhibit a positive CAGR of 5.20% during the period.
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Cleanroom technology is applied while manufacturing aseptic medical goods. The technology is also used during various research and development activities. It refers to an enclosed space constructed in a manner that enables it to limit the concentration of airborne particles such as chemicals (grease, oil), particulates (hair, dust), radiations, and microorganisms (fungus, bacteria). Cleanroom technology also helps monitor and control other factors that may affect an ongoing operation in any way, such as temperature, electrostatic charge, humidity, magnetic flux, pressure, and others.
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The global market for cleanroom technology has been witnessing rapid growth in the past few years due to rising implementation of stringent norms regarding manufacturing, processing, and packaging to ensure a better quality of products and the safety of personnel engaged in the activity. According to the report, rising demand for sterilized pharmaceutical formulations also aids the growth of the market. The development of new biologics and their widespread applications in the medical devices industry are also augmenting the demand for cleanroom technology.
However, the report points out that despite witnessing a steady rise in demand over the past couple of years, lack of skilled professionals and the high cost incurred on installing, maintaining, and repairing cleanroom technology inhibit the market growth to an extent.
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