Global cleanroom technology market report published by Accurize Market Research forecast that the global market is expected to reach $5.2 billion by 2024; growing at a CAGR of 5% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing regulatory framework and rising demand from various sectors such as healthcare and pharmaceutical across the globe to drive the growth of the market
Increasing regulatory framework and rising demand from various sectors such as healthcare and pharmaceutical fuels the demand for the global cleanroom technology market. Moreover, growing demand for the quality product and increasing awareness of benefits of cleanroom technology also boost the growth of the market.
Market Segmentation
The global cleanroom technology market has been bifurcated on the basis of type, construction, application, and geography. By type, the segment is bifurcated into equipment (fan filter unites (FFU), HVAC systems, laminar air flow systems and biosafety cabinets, HEPA filters, air diffusers & showers, and others) and consumables (safety consumables (apparel, gloves and others) and cleaning consumables (vacuum systems, wipes, disinfectants and others)). Construction is categorized into standard/drywall cleanrooms, hardwall cleanrooms, softwall cleanrooms and terminal boxes/pass through cabinets. Furthermore, applications are segmented into biotechnology, pharmaceuticals, medical devices, and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, Mexico are covered under North America wherein Europe covers U.K., Germany, France, and others. Asia-Pacific covers China, Japan, India, and others. RoW covers South America, Middle East, and Africa.
“Equipment accounted for the largest market share in the type segment", says Accurize
By type segment, equipment accounted for the largest market share in 2017, whereas consumables are likely to attain the fastest CAGR during the forecast period 2017 – 2025. Standard/drywall cleanrooms and hard wall cleanrooms accounted for majority of the market share in 2017. In the application segment, pharmaceuticals held the largest share in 2017, and medical devices are expected to grow with fastest CAGR.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America accounted for the largest share in the market with 38.3%, followed by Europe with 30.1%. Furthermore, Asia-Pacific is anticipated to attain fastest CAGR during the forecast period, owing to, rapid industrialization and increasing awareness about certified products.
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Top players in the market
The key market players include Taikisha, Ltd., Illinois Tool Works, E.I. du Pont de Nemours and Company, Kimberly-Clark Corporation, Alpiq Group, Clean Air Products, Ardmac Ltd., Azbil Corporation, M+ W Group, and Royal Imtech N.V., among others.