Market Research Report
North America Cleanroom Consumables Market Forecast 2021-2028
|North America Cleanroom Consumables Market Forecast 2021-2028|
Published: May 24, 2021
Content info: 132 Pages
Delivery time: 2-3 business days
The North America cleanroom consumables market is expected to project a CAGR of 7.67% during the forecast period, 2021-2028. The increasing focus on in-house manufacturing and changing government administration and regulations are set to increase investments in local manufacturing plants. Also, new semiconductor and electronics manufacturing establishments are estimated to significantly impact the demand for cleanroom technologies.
Canada and the United States are evaluated for the North America cleanroom consumables market growth evaluation. In Canada, the pharmaceutical industry has witnessed considerable growth in the last decade. Its growth is attributed to the increasing production of generics and growing R&D activities by prominent pharmaceutical companies to produce novel compounds. Another major driver is the complex product approval processes for exporting products.
Pharmaceutical companies are supplemented by the government, providing a conducive business environment for pharmaceutical firms that leverage assets for long and short-term business strategies. They are reorganizing and looking for new business models built on external networks and third-party partnerships. This warrants outsourcing most operations, including manufacturing, which offers ample growth opportunities for the market. The country also has the advantage of a skilled workforce. Moreover, the complex manufacturing processes needed for specific drugs requiring stable political space and proximity to end markets like Canada fuel the pharmaceutical CMO market growth. Such factors facilitate market growth in Canada.
Some of the market's eminent companies include MAR COR (CANTEL), Valutek, Berkshire Corporation, Helapet, Kimberly-Clark Corporation, etc.