Latest Study on “Cleanroom Technologies Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.
The global Cleanroom Technologies market size is expected to be worth around US$ 10.3 Billion by 2027, according to a new report by nova one advisor.
The global Cleanroom Technologies market size was valued at US$ 6.1 Billion in 2020 and is anticipated to grow at a CAGR of 8.4% during forecast period 2021 to 2027.
Overview of Cleanroom Technologies Market Study
Cleanroom Technologies market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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The growth of this market is majorly driven by the stringent regulatory framework, growth of the biologics sector, rising demand for sterilized pharmaceutical formulations, increasing demand for medical devices, and technological advancements in cleanroom technology. Also, the increasing demand in developing economies and the growing focus on energy-efficient cleanrooms are expected to offer significant opportunities for market growth in the coming years. However, the high operational cost associated with the cleanrooms is expected to restrain market growth to a certain extent.
CLEANROOM TECHNOLOGIES MARKET DYNAMICS
Driver: Stringent regulatory framework
With the increasing demand for certified products, various quality certifications such as ISO checks and National Safety and Quality Health Standards (NSQHS) have been made mandatory for ensuring that the standards for manufacturing processes and products are being upheld. The quality certifications require products to be processed in a cleanroom environment to ensure minimum possible contamination.
Restraint: High operational costs associated with cleanrooms
The use and maintenance of a cleanroom is a complex process. Usually, the cost of construction of standard cleanrooms for pharmaceutical and medical device manufacturing may range between USD 100 to more than USD 1,000 per square foot. Also, the price per square foot is not the same for ISO 6 and ISO 8 cleanrooms. This is because the amount of air supplied is different in both classes of cleanrooms. The air is 100 times cleaner in an ISO 6 cleanroom than in an ISO 8 cleanroom, thereby doubling the air conditioning capacity of the HVAC systems.
Opportunity: Increasing demand for cleanrooms in developing economies
Emerging Asian and Latin American markets are expected to offer significant growth opportunities for players operating in the cleanroom technologies market, primarily due to the presence of less-stringent regulatory policies, an increasing number of pharmaceutical companies, availability of a skilled workforce, government initiatives to boost local manufacturing, and lower cost of clinical trials in these countries. Biomedical research is considered as an economic growth area in the Asia Pacific, and governments provide financial support in this domain.
Challenge: Customization of cleanroom designs according to product and facility requirements
Cleanrooms are mostly designed according to customer requirements based on product specifications and customer-specific design requirements. However, there are no specific guidelines for cleanroom designs for different application areas or product types. This leads to several challenges for cleanroom manufacturers, as they need to follow different designs every time. Furthermore, regulations do not provide requirements regarding the environmental, product, or facility parameters that are to be controlled. Instead, they only provide standards that a company needs to meet after it decides to manufacture a product using a cleanroom environment.
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COVID-19 Impact on Cleanroom Technologies Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Cleanroom Technologies market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Cleanroom Technologies market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Cleanroom Technologies market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Cleanroom Technologies market include:
Azbil Corporation (Japan), Kimberly-Clark Corporation (US), Exyte AG (Germany), Illinois Tool Works Inc. (US), Labconco Corporation (US), DowDuPont Inc. (US), and Taikisha Ltd. (Japan).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Cleanroom Technologies Market, by Product
- HVAC Systems
- HEPA Filters
- Fan Filter Units
- Laminar Air Flow Systems & Biosafety Cabinets
- Air Diffusers and Showers
- Other Equipment
- Safety Consumables
- Other Safety Consumables
- Cleaning Consumables
- Vacuum Systems
- Other Cleaning Consumables
- Safety Consumables
Global Cleanroom Technologies Market, by Construction Type
- Standard/Drywall Cleanrooms
- Hardwall Cleanrooms
- Softwall Cleanrooms
- Pass-through Cabinets
Global Cleanroom Technologies Market, by End User
- Pharmaceutical Industry
- Biotechnology Industry
- Medical Device Manufacturers
- Other End Users
Why Buy this Report?
The purpose of Nova one advisor’s Cleanroom Technologies market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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