The global cleanroom technology market was valued at $2,726.9 million in 2013 and is expected to grow at a CAGR of 5.5% during the forecast period of 2014 to 2019, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The global market has experienced steady growth in the past few years mainly attributed to the stringent healthcare regulations, emergence of biologics, growing healthcare industry in the developing countries, and rising application of cleanrooms in medical devices industry. However, high cost associated with installation and use of cleanrooms hinders the growth of healthcare cleanrooms market to a certain extent during the forecast period.
The market is expected to grow at a moderate CAGR of 5.5% from 2014 to 2019.
In 2013, North America was a major market for cleanroom technology with around 38.0% share of the global market, followed by Europe, Asia-Pacific, and Rest of the World. The developed healthcare industry; significant presence of pharmaceutical, biotechnology, and medical device industries; and stringent healthcare regulations led to the large market share of the North American and European healthcare cleanrooms market.
However, the Asia-Pacific region represents the highest growth opportunity for the market during 2014 to 2019 and is expected to grow at a CAGR of 8.2% during the forecast period. The growth in this market is majorly driven by increasing development of pharmaceutical and biotechnology industries in this region.
The prominent players in the market are Illinois Tool Works, Inc. (ITW) (U.S.), Kimberly-Clark Corporation (U.S.), E.I. du Pont de Nemours and Company (U.S.), M+W Group (Germany), Azbil Corporation (Japan) and Royal Imtech N.V. (Netherlands), Alpiq Group (Switzerland), Ardmac Ltd. (Ireland), and Taikisha, Ltd. (Japan), among others.
