Cleanroom Industry Outlook
Cleanroom Industry Outlook – Cleanroom Industry Analysis, Trends, 2020
Cleanroom industry outlook – the cleanroom technology market was valued at $3,107.8 million in 2014, and it is expected to grow with a CAGR of 5.7% during the period 2015 – 2020.
Cleanroom industry outlook – The global cleanroom technology market is increasing, due to growing demand for certified products that require strict cleanliness protocol. In addition, pharmaceuticals, such as vaccines, injections, and ointments, and medical devices need to be prepared in an environment that is free from microbes and particulates .This has generated the demand for the research and development of aseptic cleanroom technologies, a market that is experiencing tremendous growth globally.
Due to the extended use of cleanrooms for the production of pharmaceuticals and medical devices, the global consumables market segment is expected to grow tremendously, influencing a large focus of R&D in product innovation and mass production.
The global market for cleanroom consumables is expected to progress at a CAGR of 4.76% within a forecast period from 2015 to 2023. By the end of 2016, this market is expected to reach a valuation of US$2.21 bn and by the end of 2023, a valuation of US$3.04 bn.
Among the cleanroom design and cleanroom construction segment, standard cleanrooms had the largest market size in the global Cleanroom technology market during 2014; however hardwall cleanrooms are expected to witness fastest growth, with 6.1% CAGR during the period 2015 – 2020. Cleanroom design/build service companies are seeing tremendous growth and are constantly finding ways to drive efficiencies and deliver turnkey cleanroom services with competitive edge.
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Rural areas in the developing countries are providing ample opportunities for the growth of the global cleanroom technology market. The increasing awareness about certified products in developing countries, such as China, India and Brazil, are laying significant opportunities for the growth of the global cleanroom technology market. The Asian cleanroom technology market is expected to witness fastest growth, with a CAGR of 6.5% during the period 2015 – 2020.