Market Research Report
Cleanroom Technology Market Research Report: By Type, Construction, End-Use Industry - Global Industry Analysis and Growth Forecast to 2030
|Published by||Prescient & Strategic Intelligence Private Limited||Product code||971171|
|Published||Content info||240 Pages
Delivery time: 2-3 business days
|Cleanroom Technology Market Research Report: By Type, Construction, End-Use Industry - Global Industry Analysis and Growth Forecast to 2030|
|Published: September 1, 2020||Content info: 240 Pages||
Cleanroom Technology Market Research Report: By Type (Consumables, Equipment), Construction (Standard, Hardwall, Softwall, Pass-Through), End-Use Industry (Pharmaceutical, Biotechnology, Medical Device) - Global Industry Analysis and Growth Forecast to 2030.
The global cleanroom technology market attained a value of $4,204.9 million in 2019 and is predicted to progress at a CAGR of 7.0% between 2020 and 2030. According to the forecast of P&S Intelligence, a market research company based in India, the market would generate a revenue of $8,909.6 million by 2030. The key factors driving the progress of the market are the growing requirement for certified products, innovations in cleanroom technology, and the rising incidence of infectious diseases.
Moreover, advancements in cleanroom equipment such as high-efficiency particulate air (HEPA) filters, fan filter units (FFUs), and heating, ventilation, and air conditioning (HVAC) devices are helping majorly in the maintenance of cleanrooms. Another prominent factor propelling the requirement for cleanrooms is the rising incidence of infectious diseases all over the world. As per the World Health Organization (WHO), nearly 10 million people were found to suffer from tuberculosis in the world in 2018.
Furthermore, the organization found that as many as 1.2 million people lost their lives because of tuberculosis in the same year. According to the observations of WHO, more than 95% of the deaths occurred in low- and middle-income countries. In the low-income countries, the prevalence of infectious diseases such as malaria, tuberculosis, HIV, neglected tropical diseases (NTDs), and hepatitis B is extremely high, because of the lack of well-developed healthcare facilities and the high costs of medical treatments.
Depending on end-use industry, the cleanroom technology market is divided into pharmaceutical, medical device, and biotechnology categories. Amongst these, the pharmaceutical category recorded the highest growth in the market in the past and this trend is likely to continue in the future years. This would be a result of the existence of numerous biopharmaceutical companies, for whom, the maintenance of proper hygiene and cleanliness inside the R&D and production facilities is of paramount importance for preventing the spread of infections.