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:
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.
Grand View Research, Inc.
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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