Pharmaceutical Cleaning Validation Market expected to expand at a CAGR of 5.5% over the forecast period
Pharmaceutical Cleaning Validation Industry Overview The global pharmaceutical cleaning validation market size was valued at USD 14.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The rapid growth of pharma manufacturing facilities, the rising prevalence of diseases, the growing global geriatric population, increased healthcare expenditure, and rising investments in the market to comply with regulatory standards set by international governing bodies like U.S. FDA and the EMA. The evolving regulations in the pharmaceutical manufacturing industry to prevent cross-contamination have positively impacted the growth of the market. Moreover, the governing bodies are opting for a more pragmatic approach to regulations, which supports the pharma industry in accelerating their manufacturing and quality control processes. The rising demand for medicinal drugs is directly contributing to the demand for cleaning...