01 July 2020
Visiongain has launched a new pharma report Cleanroom Technology Market Report 2020-2030: Forecasts by Type (Equipment (Heating Ventilation and Air Conditioning System (HVAC), Cleanroom Air Filters, Air Shower and Diffuser, Laminar Air Flow Unit, Others), Consumables (Gloves, Wipes, Disinfectants, Apparels, Cleaning Products)), End User (Pharmaceutical Industry, Medical Device Industry, Biotechnology Industry, Hospitals and Diagnostic Centers), and Geography (North America, Latin America, Europe, Asia Pacific, MEA).
The global cleanroom technology market is anticipated to grow at a lucrative CAGR of ~xxx% and anticipated to reach USD xxx billion by 2020. Visiongain anticipates that the market will grow on account of the growing need for cleanroom technology to develop quality products coupled with technological advancements across the industry.
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Increasing demand for cleanroom technology is one of the key factors to boost the market growth in various industries over the forecast period. The production product is likely to be contaminated with various sources, such as raw materials, product flow, and machinery. The increased use of cleanroom technology ensures the sterility of the final product and production processes as a whole. This is an integral part of the health sector to develop standardized products in accordance with regulatory standards.
The use of cleanroom technology in manufacturing industries has several technical and economic advantages, including gaining a higher market ranking, the optimum time and cost-effectiveness, and better product flow. These solutions are usually tailored to the needs of different industries, such as healthcare, biotech, & food processing. Such modifications are supposed to provide the right atmosphere that meets regulatory requirements and thus stimulates development.
Over the forecast period, the technological advances in cleanrooms will drive the cleanroom technology market. Cleanroom technologies have moved from conventional, flexible cleanrooms to modular ones. Benefits such as the necessary reconfiguration, fast deployment, & economic performance are key factors that are anticipated to drive cleanroom technology across various industrial verticals.
North America held the largest market share in the year 2019 owing to the presence of major pharmaceutical and medical device companies. Visiongain anticipates that the growing healthcare expenditure coupled with the rising geriatric population is projected to offer lucrative growth opportunities for the market players across the region.
On Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to growing healthcare infrastructure coupled with government investments for the betterment of healthcare facilities across markets such as India and China. Additionally, untapped nations in this region have been attracting investments by global players and this is expected to boost the cleanroom technology market growth over the forecast period.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the cleanroom technology market.
For instance, on 20th April 2020; 3M announced its partnership with Cummins to increase the production of high-efficiency particulate (HEPA) filters for use in 3M's powered air-purifying respirators or PAPRs. The partnership has the potential to more than double the current production of filters for 3M's PAPRs. The additional filters are needed as 3M has ramped up the production of PAPRs to meet a surge in demand for personal protective equipment due to the COVID-19 outbreak.
The comprehensive market report features companies such as ABN Cleanroom Technology, Abtech, Inc., Ardmac, Azbil Corporation, Bouygues Group, Clean Air Products, Clean Room Depot, Inc., COLANDIS GmbH, Connect 2 Cleanrooms Ltd., DowDuPont, Inc., DuPont, Dynarex Corporation, Exyte AG, Illinois Tool Works, Inc., Integrated Cleanroom Technologies Private Limited, KCWW (Kimberly-Clark Corporation), Labconco, M+W Products Gmbh, Octanorm-Vertriebs-GmbH, Taikisha Ltd. among other prominent players. Also, the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Japan, China, Australia, ASEAN, GCC and South Africa.
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