U.S. And Europe Cleanrooms Industry Status and Trend Report by 2025

Posted by Nicky Arora on March 5th, 2020

The U.S. And Europe Cleanrooms Market size is anticipated to reach USD 5,816 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR 0.2% during the forecast period. Growing presence of stringent regulations for sterile compounding of hazardous drugs and increasing incidence of Hospital-acquired Infections (HAIs) are among key factors driving the market. In addition, technological advancements in cleanrooms are expected to contribute toward market growth.

Rising incidence of HAIs is one of the key factors driving demand for cleanrooms in hospitals. According to data published by the National Institute for Health and Care Excellence, in England, about 300,000 patients contract HAIs each year as a result of care within the National Health Service. Likewise, as per CDC, there were about 722,000 reported cases of HAIs in the U.S.

The penetration of cleanrooms in compounding pharmacies is high in the U.S. due to presence of government regulations such as USP 797 and USP 800. As per the Pharmacy Purchasing and Products report (2016), compounding sites reported a 73% compliance with USP 797 standards and about 48% compounding sites were compliant with the newly proposed USP 800 standards. Thus, stringent regulations for drug compounding contribute toward market growth.

Informative Copy @ https://www.grandviewresearch.com/industry-analysis/us-europe-cleanrooms-market/request/rs1

Further key findings from the report suggest:

• Compounding pharmacies held the largest revenue share of nearly 81% in 2018. This can be attributed to presence of stringent regulations for drug compounding, which has increased the penetration of cleanrooms in compounding pharmacies
• S. held the largest revenue share owing to stringent government regulations for drug compounding and presence of well-established healthcare infrastructure
• Europe is expected to emerge with the fastest CAGR over the forecast period owing to rise in the incidence of HIAs, favorable government initiatives toward infection control, and improvements in healthcare infrastructure
• Key players include in U.S. and Europe cleanrooms market are Mecart, Clean Air Products, Terra Universal, and Nicomac Srl, among others.

About Grand View Research:

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

Contact:

Grand View Research, Inc.

201 Spear Street 1100,

San Francisco, CA 94105

United States

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com