The global cleanroom technology market size is expected to reach USD 5.0 billion by 2028 and is expected to expand at a CAGR of 5.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing compliance with stringent regulatory standards for new product approvals, technological advancements by key players to provide customized services to manufacturing companies and increase in awareness about contamination-free products coupled with growing demand in biopharmaceutical and pharma companies to develop high-quality products are some of the key factors driving the market growth.
Moreover, an increase in the development of healthcare facilities and an increase in government initiatives to spread awareness are factors anticipated to drive the market. Some of the initiatives responsible for increased awareness about these technologies, such as the establishment of companies dedicated to instructing manufacturing companies about them, online magazines, and cleanroom company directories, are anticipated to boost the market growth in the coming years. Cleanroom Academy, founded in 2008, is an example of an organization dedicated to providing related aids to manufacturing companies to optimize their work processes and training pertaining to this technology.
In addition, the ongoing COVID-19 pandemic has significantly disrupted the supply chain of these consumables including gloves, apparel, wipes, and other cleaning products. This can mainly be attributed to the rapid closure of production sites in China (accounting for 9.0% of global production for disposable gloves) and Malaysia (producing 64.0% of the global volumes of disposable gloves). Thus, a 50.0% fall in the global production capacity owing to which the exceeding demand is left unmatched has impacted the market in a significant way.
North America dominated the market for cleanroom technology and accounted for the largest revenue share of 35.5% in 2020. This can be attributed to the well-established healthcare infrastructure in this region, the local presence of key pharmaceutical and medical device companies, an increase in the burden of non-communicable diseases, and a rise in awareness about cosmeceuticals and nutraceuticals. In addition, stringent regulations regarding the approval of healthcare products in this region, such as the U.S., have led to increased demand for cleanroom technology.
However, in Asia Pacific, the market is expected to grow fast over the forecast period. The pharmaceutical industry in Asia Pacific is considered the third-largest after North America and Europe. Thus, investment for developments in the healthcare industry is also rising in this region. The increase in production of generic drugs owing to patent expirations of branded drugs, growing geriatric population, and increasing burden of non-communicable diseases are the major factors driving the growth of the pharmaceutical industry in Asia Pacific, thereby attributing to the growth of the cleanroom technology market.
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