DUBLIN–(BUSINESS WIRE)–The “India Modular Cleanroom Market | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 Impact” report has been added to ResearchAndMarkets.com’s offering.
Indian pharmaceutical industry stood at the $42 billion mark in 2021 and is expected to reach $120-130 billion by 2030. India Modular Cleanroom market size is projected to grow at a CAGR of 6.4% during 2022-2028E
The growth would be primarily driven by rising investments by the pharmaceutical industry in production and research & development. Additionally, increasing investment in research and development by Indian pharmaceutical companies and increasing hospital projects in tier II and tier III cities would increase demand for modular clean rooms in the coming years.
India Modular Cleanroom Market Synopsis
The India Modular Cleanroom Market growth is expected be strong over the coming years on account of growing pharmaceutical and biotechnology sectors, which rely heavily on modular cleanrooms to control contamination.
In 2020, the Indian biotechnology industry was valued at around $70 billion, and it is expected to grow further by $80 billion by 2025, reaching the $150 billion mark. Furthermore, growing foreign direct investment in the Indian pharmaceutical and drug sector, which saw a growth of 53% in 2021-2022, would further increase the demand for modular cleanrooms in the Indian market.
Market by Types Analysis
By types, modular cleanroom segment has captured majority of the market revenue share, the segment is expected to dominate the overall market in the forecast period as well, on account of increasing number of biotech companies which is expected to reach 10,000 by 2024. Additionally, India is a major pharmaceutical supplier to the world, the growing global demand for drugs would further drive the modular cleanroom segment in the coming year.
Furthermore, bio-safety cabinet segment is expected to show the second-highest growth on account of rising healthcare expenditure by the government and increasing awareness of preventive testing, resulting in the development of diagnostic centers leading to increased demand for bio-safety cabinets.
Key Highlights of the Report
Company Profiles
Market Scope and Segmentation
By Types:
By Bio-Safety Cabinet Types:
By Bio-Safety Cabinets End Users:
By Bio-Safety Cabinets Region:
For more information about this report visit https://www.researchandmarkets.com/r/gna1om
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