Modular Cleanroom, by Types acquired the largest market revenue share in the India Modular Cleanroom market– 6Wresearch.
Modular Cleanroom would grow considerably in the coming years on account 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.
According to 6Wresearch, India Modular Cleanroom market size is projected to grow at a CAGR of 6.4% during 2022-2028. With increasing public and private investment in the biotechnology industry, along with growing pharmaceutical research and development capabilities to reduce import dependency and boost in-house production of vaccines and medicines, the modular cleanroom market is expected to continue growing at a significant rate over the coming years. Moreover, Indian pharmaceutical industry stood at the $42 billion mark in 2021 and is expected to reach $120-130 billion by 2030. 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 forecast period.
According to Monis Khan, Research Associate, 6Wresearch,” The Indian modular cleanroom market is expected to grow significantly over the coming years on account of growing pharmaceutical and biotechnology sectors, which rely heavily on modular cleanrooms to control contamination. Furthermore, India's strong presence in the generics space has caused a rise in pharmaceutical export, which stood at $24.4 billion in FY 2021 and $24.6 billion in FY 2022. Thus, growing pharma export in India would increase the demand for modular cleanrooms in the coming year. Growing investment in R&D by the pharmaceutical companies and rising healthcare expenditure by the government, which is expected to reach 2.5% of India's GDP by 2025, would continue to support market growth over the long run.”
According to Abhishek Mishra, Research Associate, 6Wresearch, “The modular cleanroom is projected to show the highest growth in the coming year on account of the initiative by the Indian central government to boost research and development in the pharmaceutical sector. Furthermore, the government's intention to add 160,000 beds yearly would increase the demand for bio-safety cabinets, Laminar airflow and others in the forecasted years.”
“India Modular Cleanroom market (2022-28)” report provides an in-depth analysis with 17 figures and 11 tables, covered in 75 pages. The report comprehensively covers the market by types and bio-safety cabinet by types, end users and regions. India Modular Cleanroom market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.