Cleanroom technology market is forecasted to attain $5 billion value by 2023
Cleanroom technology market is forecasted to attain $5 billion value by 2023, growing at a CAGR of 5.7% during 2017-2023
LONDON, Jan. 23, 2018 /PRNewswire/ --
Download the full report: https://www.reportbuyer.com/product/3605397
The growth in the market is likely to be led by increased demand for certified products, rising healthcare expenditure, technological advancements in cleanrooms, rising demand from pharmaceutical, biotech, and medical devices industries, and favorable healthcare regulations.
Insights on market segments
In terms of technology type, the cleanroom technology market has been categorized as equipment and consumables, where consumables occupied a larger share in the global market in 2016. Consumables are cheaper and do not involve any installation and maintenance cost, as compared to the equipment used in cleanrooms.
The equipment used in cleanroom technology industry include heating, ventilating, and air conditioning (HVAC) systems, high-efficiency particulate air (HEPA) filters, fan filter units (FFUs), laminar air flow systems and biosafety cabinets, air diffusers and showers, and other equipment, among these the HVAC systems held the largest share in the market, in 2016.
Cleanroom technology products are mainly used in the pharmaceutical, biotechnology, and medical devices industries, with some of the other users being hospitals, research laboratories and academic institutions. Pharmaceutical industry contributed the largest share to the cleanroom technology market and its growth is mainly attributable to the presence of a large number of biopharmaceutical companies, which further leads to a high production of finished pharmaceutical products, worldwide.
Based on construction forms of cleanrooms, the market is categorized as standard, softwall, hardwall cleanroom, and pass through cabinets, where hardwall cleanroom category is estimated to register the fastest growth in the market. The growth in the demand of hardwall cleanrooms is attributable to the rigid wall construction that allows for higher internal air pressures, as compared to the softwall cleanrooms, giving a better and more consistent performance.
North America stands as the largest market for cleanroom technology
North America generated the maximum revenue in the cleanroom technology market, mainly attributable to the increased adoption of cleanroom technology products due to their benefits. HEPA filters are efficient in removing microbes from the air that is expelled out from the industries.
According to an article published in 2008 by the U.S. Food and Drug Association (USFDA), HEPA filters are mainly used by the companies that are involved in the manufacturing, processing, and packaging of frozen foods. These filters have an efficiency of 99.97% to 99.99%, which prevents contamination from harmful microorganisms such as L.monocytogenes, a bacterium responsible for spoiling food.
Key competitors in the market are launching new and innovative products to gain a larger share
Globally, the key providers in the cleanroom technology market are launching new products to gain a larger market share. For instance, in September 2016, Clean Air Products Inc., a designing and manufacturing company for cleanroom systems, announced the launch of new touchscreen interface for its air showers - model CAP701KD-ST.
The enhanced feature enables easier control of the cycle timings and program changes of its air showers. The HMI interface displays a visual instruction of where the air shower is in the cycle and also includes a countdown screen that informs occupants about the time remaining in the air shower.
Some of the other key players operating in the cleanroom technology market include M+W Group GmbH, E.I. du Pont de Nemours and Company, Kimberly-Clark Corporation, Taikisha Ltd., Azbil Corporation, Illinois Tool Works Inc., Ardmac Ltd., and Alpiq Group.
Download the full report: https://www.reportbuyer.com/product/3605397
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com
SOURCE ReportBuyer
Share this article