Surge in demand for cleanroom technologies, recent innovations in cleanroom technology, and surge in adoption of cleanroom technology in healthcare facilities drive the growth of the global cleanroom technology in healthcare market.
PORTLAND, Ore., Nov. 17, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Cleanroom Technology in Healthcare Market by Component (Cleanroom Equipment and Cleanroom Consumables), and End User (Pharmaceutical & Biotechnology Industry, Medical Device Industry, and Hospital & Diagnostic Centers): Global Opportunity Analysis and Industry Forecast, 2023-2032″. The global cleanroom technology in healthcare market was valued at $5.2 billion in 2022, and is projected to reach $8.6 billion by 2032, registering a CAGR of 5.2% from 2023 to 2032.
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Prime determinants of growth
The global cleanroom technology in healthcare market is experiencing growth due to several key factors. As controlled environments have become crucial in maintaining high levels of cleanliness and minimizing contaminants in the healthcare sector, there has been a significant surge in demand for cleanroom technologies. In addition, recent technological advancement in cleanroom technologies have enhanced efficiency and usability, thereby increasing the demand in the market.
Report coverage and details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$5.2 billion |
|
Market Size in 2032 |
$8.6 billion |
|
CAGR |
5.2 % |
|
No. of Pages in Report |
230 |
|
Segments covered |
Component, End User, and Region |
|
Drivers |
Surge in demand for cleanroom technologies Recent innovations in cleanroom technology Surge in adoption of cleanroom technology in healthcare facilities |
|
Opportunities |
Rise in investments in pharmaceutical and biotechnology industries |
|
Restraints |
High initial installation cost of cleanrooms Complex maintenance and ongoing operational cost |
Economic Downturn Analysis: Impact of Recession in 2023 on the Cleanroom Technology in Healthcare Market
- Numerous sectors of the economy, particularly pharmaceutical, medical technology and biotechnology industries have been impacted by the ongoing global recession. The installation and daily maintenance of cleanrooms is a costly process.
- In the current economic condition, companies are increasingly focusing on energy-saving cleanroom solutions, particularly in Western economies. The U.S. and the European Union, both of which experienced economic downturns and cost-reduction measures after the recession, have had a moderate effect on the cleanroom technologies sector.
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The cleanroom consumables segment to maintain its leadership status during the forecast period
By component, the cleanroom consumables segment held the highest market share in 2022, accounting for nearly three-fourth of the global cleanroom technology in healthcare market revenue. The growth of the segment is mainly attributed to rise in the number of cleanrooms and the subsequent rise in demand for related consumables around the globe.
However, the cleanroom equipment segment is anticipated to be the fastest growing segment during the forecast period owing to the technological advancements in the instruments, which help to effectively set up the cleanroom.
The pharmaceutical & biotechnology industry segment to maintain its lead position during the forecast period
By end user, the pharmaceutical & biotechnology industry segment dominated the market in terms of revenue in 2022, accounting for more than half of the global market, which is attributed to the surge in adoption of cleanrooms in biotechnology companies owing to rise in research and development activities.
However, the medical device industry segment is anticipated to be the fastest growing segment during the forecast period. The growth is mainly attributed to the surge in adoption of cleanrooms for manufacturing of sterile implants and other critical medical devices placed into the patient’s body. In addition, manufacturers are expected to demonstrate the quality management process to ensure that best practices are followed. Thus, cleanrooms play a vital role in manufacturing medical devices and have a growing demand in the medical devices industry.
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North America to maintain its dominance by 2032
Region-wise, North America held the highest market share in terms of revenue in 2022 and accounted for more than two-fifth of the global market. North America has the presence of the world’s top healthcare and pharmaceutical companies. These industries rely on cleanroom facilities for the safe and high-quality production of pharmaceuticals, medical equipment, and biologic products, which further boosts the market growth in the region.
However, the Asia-Pacific region is anticipated to be the fastest growing region during the forecast period. Cleanrooms in Asia-Pacific are in high demand due to several factors, such as the region’s economic growth, booming manufacturing industries, and focus on technological innovation.
Leading Market Players: –
- Kimberly-clark Corporation
- Exyte Group
- Taikisha Ltd.
- Dupont De Nemours, Inc.
- Clean Air Products Inc.
- Terra Universal, Inc.
- Colandis Gmbh
- Labconco Corporation
- Modular Cleanrooms, Inc.
- Clean Rooms International, Inc.
The report provides a detailed analysis of these key players in the global cleanroom technology in healthcare market. These players have adopted different strategies such agreement and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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