Cleanroom Technologies Market worth $9.6 billion by 2026 - Exclusive Report by MarketsandMarkets™ at a CAGR of 6.2%
The cleanroom technologies market is projected to reach USD 9.6 billion by 2026, at a CAGR of 6.2% during the forecast period. The growth of this market is majorly driven by the rising demand for sterilized pharmaceutical formulations, increasing demand for medical devices.
The technological advancements in cleanroom technology along with the increasing demand for cleanroom technologies in developing economies are expected to offer significant opportunities for market growth in the coming years.
However, the technical limitations associated with their operational costs and technical challenges associated with the customization of cleanroom designs in developing economies are hindering the growth of this market to a certain extent.
Browse and in-depth TOC on "Cleanroom Technologies Market"
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The global health crisis triggered by the COVID-19 pandemic has made it imperative that the pharmaceutical industry moves at a rapid pace alongside researchers, regulators, and contract research companies to develop a diagnosis, treatment, and vaccines. Cleanroom technologies and services play an important role in this scenario to ensure that quality, safety, and efficacy are being maintained. The top players in the market can offer solutions by supporting pharmaceutical companies and collaborating with other industries to control the spread and impact of the pandemic.
The consumables segment is expected to grow at the highest CAGR during the forecast period.
Based on the product, the Cleanroom Technologies Market is segmented into consumables, equipment, and controls. The consumables segment is projected to witness the highest growth in the market during the forecast periods (2021-2026). Growth in this segment is driven mostly by the 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.
The standard/drywall cleanrooms segment accounted for the largest share of the Cleanroom Technologies Market.
Based on construction type, the market is segmented into standard/drywall cleanrooms, hardwall cleanrooms, softwall cleanrooms, and pass-through cabinets. The standard/drywall cleanrooms segment accounted for the largest share of the Cleanroom Technologies Market in 2020 This can be attributed to the traditionally high demand for fixed structures and the need for quick onsite construction among end-users.
North America is expected to hold the largest share for players operating in the Cleanroom Technologies Market.
North America accounted for the largest share of the market in 2020. Factors such as stringent regulatory standards for product approvals, technological advancements in cleanrooms, initiatives taken by private organizations to create awareness regarding cleanrooms, and growth of the healthcare sector on a global scale are among the few factors expected to contribute to the growth of this market.
The prominent players in the global Cleanroom Technologies Market are Azbil Corporation (Japan), Kimberly-Clark Corporation (US), Ardmac (Ireland), Clean Air Products (US), Labconco Corporation (US), Dynarex Corporation (US), DuPont de Nemours, 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), and, Bouygues Group (France).
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