Lack of skilled professionals, high cost of setting up and maintenance restraining growth: Persistence Market Research
According to a market report published by Persistence Market Research in June this year, titled ‘Global Market Study on Cleanroom Technology: Consumables to Witness Highest Growth by 2020’, the global cleanroom technology market was valued at $ 3,156.0 mn in 2014 and is expected to grow at a CAGR of 5.2 per cent from 2014 to 2020 to reach an estimated value of $ 4,290.1 mn by 2020.
Globally, the cleanroom technology market is witnessing significant growth due to growing regulatory concerns regarding the packaging, manufacturing, and processing of better quality products, and safety of the working personnel. Additionally, increasing demand for sterilised pharmaceutical formulations, and development of new biologics and its wide applications in the medical devices industry is driving the growth of the cleanroom technology market.
However, factors such as lack of skilled professionals and high cost associated with the setting up and maintenance of cleanrooms are restraining the growth of the global market for cleanroom technology.
North America is the largest segment in the global cleanroom technology market. This is due to technological advancements and growing applications of cleanroom technology in the region. The North American market for cleanroom technology was valued at $ 1,209.3 million in 2014 and is expected to reach $ 1,580.8 million by 2020, growing at a CAGR of 4.6 per cent. In terms of type, cleanroom consumables are the fastest-growing segment. In terms of construction, standard/drywall cleanroom is the largest segment in the global cleanroom technology market.
Kimberly-Clark Corporation, Illinois Tool Works, and E.l. Du Pont De Nemours And Company are some of the leading players in the global cleanroom technology market. Some of the other major players in the cleanroom technology market are Azbil Corporation, Taikisha, Royal Imtech, Ardmac, M+W Group, Clean Air Products and Alpiq Group.
Asia is expected to experience a high growth rate in the global cleanroom technology market in the future. This is due to improving healthcare infrastructure, rising popularity of certified products, and increasing adoption of cleanroom technology by the healthcare industry in Asian countries.
Various factors such as increasing demand for better quality products and safety of the working personnel are driving the global cleanroom technology market.
Additionally, increasing demand for sterilised pharmaceutical formulations, and development of new biologics and its wide applications in the medical devices industry are propelling the growth of the cleanroom technology market.
However, lack of skilled professionals and high cost associated with the set-up and maintenance of cleanrooms are restraining the growth of the global cleanroom technology market.
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