The major factors driving the growth of cleanroom technology market are the stringent regulatory framework, growth of the biologics sector, rising demand for sterilized pharmaceutical formulations, growing demand for medical devices, and technological advancements in cleanroom technology.
The cleanroom technologies market size is expected to reach USD 7.9 billion by 2024 from USD 5.7 billion in 2019, growing at a CAGR of 6.6%.
Browse 212 market data Tables and 30 Figures spread through 214 Pages “Cleanroom Technologies Market by Product (HVAC, HEPA filters, air shower, apparel, gloves, vacuum systems, disinfectants), Construction (Drywall, Hardwall, Softwall), End User (Pharmaceutical, Biotechnology, Hospitals) – Global Forecast to 2024”
By product, the consumables segment is expected to account for the largest share of the cleanroom technologies market
The consumables segment is estimated to account for the largest market share in 2018. The large share of this segment can be attributed to the high and growing number of pharmaceutical, biotech, and medical device companies facilitating the use of disposable protective clothing.
Also, the large number of R&D activities in the healthcare industry is resulting in a stable demand for cleanroom consumables among end-users. This segment includes safety consumables and cleaning consumables.
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In the cleanroom construction market, by type, the hardwall cleanrooms segment is expected to grow at the highest CAGR during the forecast period
The hardwall cleanrooms segment is expected to grow at the highest CAGR during the forecast period.
The growth in this segment can be attributed to factors such as the higher demand for hardwall cleanrooms, as they are more design-flexible than standard and softwall cleanrooms, quick and easy to install, freestanding for easy portability, and easy to expand or reconfigure.
Based on the end-user, the pharmaceutical industry segment is expected to account for the largest share of the cleanroom technologies market
The pharmaceutical industry end-user segment is estimated to account for the largest market share in 2018.
The large share of this segment can be attributed to the industrial growth in this sector, the robust pipeline of injectable formulations, and rising focus on ensuring the quality of healthcare products.
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Asia Pacific is estimated to be the fastest-growing market for cleanroom technologies during the forecast period
The APAC market is projected to register the highest growth during the forecast period. Factors such as the increasing healthcare expenditure and growing base of pharma companies in the country are some of the key factors driving the growth of the cleanroom technologies market in the APAC.
Leading Companies
The prominent players in the cleanroom technologies market include Azbil Corporation (Japan), Kimberly-Clark Corporation (US), Ardmac (Ireland), Clean Air Products (US), Labconco Corporation (US), Dynarex Corporation (US), DowDuPont Inc. (US), Illinois Tool Works Inc. (US), Taikisha Ltd. (Japan), Exyte AG (Germany), COLANDIS GmbH (Germany), ABN Cleanroom Technology (Belgium), Clean Rooms International, Inc. (US), Bouygues Group (France), Terra Universal, Inc. (US), Connect 2 Cleanrooms Ltd (UK), Camfil (Sweden), OCTANORM-Vertriebs-GmbH (Germany), Parteco Srl (Italy), and Airtech Japan, Ltd. (Japan).
Critical questions the report answers:
• Where will all these developments take the industry in the medium to long-term?
• Which are the major types of products offered in cleanroom technologies?
• Which geographies are likely to grow at the highest CAGR?
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Cleanroom Technology Market | Growing Demand for Medical Devices
