Impact Covid-19 Analysis On Cleanroom Consumables Market is Booming Growth
Cleanroom consumables such as cleanroom apparels, gloves are majorly used in the manufacturing companies such as pharmaceutical, medical devices, food and nutrition, and others. Furthermore, cleanroom consumables are used by hospitals, diagnostic centers, and clinics, in order to ensure patients safety.
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The COVID–19 pandemic is expected to bolster the global cleanroom consumables market growth during the forecast period. The number of COVID-19 cases are increasing at an exponential rate, globally. For instance, according to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 62,844,837 cases and 1,465,144 million deaths due to coronavirus disease (COVID-19) were reported on December 01, 2020 across the globe.
The shutdown has disrupted the supply, distribution, and manufacture of medical supplies globally. Moreover, due to social distancing, the footfall in clinics and health institutions has fallen by over 70% during this pandemic, which has led to decrease in number of surgical procedures, which has negatively impacted the market growth. However, the COVID-19 pandemic has increased demand for PPE kits and gloves, which has led to increased production of PPE kits, thereby assisting the market growth. Moreover, on March 3, 2020, the World Health Organization (WHO) estimated that globally, approximately 76 million gloves, 1.6 million goggles, and 89 million masks are required for tackling COVID-19 pandemic.
Rising research and development expenditure in the healthcare sector majorly in research institutes, biopharmaceutical industry and medical devices industries is expected to drive the demand for the cleanroom consumables and thereby expected to drive the market growth in the near future. For instance, according to the Global Spending on Health: A World in Transition Global report 2019 published by the World Health Organization, the health sector is growing at the rapid pace than the economy and between 2000 and 2017, and the global health spending grew by 3.9% a year, while the economy grew 3.0% a year.
Increasing hospital admissions and rising number of surgical procedures are expected to drive demand for sterile surgical gloves, which is expected to drive the market growth during the forecast period. For instance, according to the Organization for Economic Co-operation and Development (OECD), the number of surgical procedures carried out in New Zealand are as follows:
Market players are focused on inorganic strategies such as acquisitions and collaborations to expand their product portfolio and to strengthen their position in the global cleanroom consumables market. This is expected to drive growth of the market during the forecast period. For instance, in January 2017, Ansell Limited, a provider of protection solution acquired Nitritex Limited, a manufacturer of premium cleanroom and healthcare Life Sciences consumables. The acquisition expanded Ansell’s products offerings of cleanroom consumables in the potential market.
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Market players are focusing on expanding their manufacturing capacity, in order to cater the increasing market demand for cleanroom consumables, which is expected to drive the market growth over the forecast period. For instance, in September 2020, Hartalega Holdings Berhad planned to expand its gloves manufacturing capacity by 20% per year, in order to meet the increasing demand for gloves due to COVID-19 pandemic. The company is also planning to expand its production facility by acquisition of the land next to Next Generation Integrated Glove Manufacturing Complex (NGC), in Malaysia where they will construct four additional plants (plants 8 to plants 11), which will manufacture over 19 billion pieces of gloves per annum. Currently, the company manufactures 38 billion pieces of gloves per annum.
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