Press release
Instantaneous healthcare backed by 5G to drive the Cleanroom Technology Market at a CAGR of 5.2%
Cleanroom refers to a room in which concentration of air borne particulate matter (such as dust, hair, bacteria, and fungus) is controlled. A cleanroom is constructed in a manner to minimize the generation, introduction and retention of particles inside the room; this is done by maintaining suitable temperature, pressure and humidity conditions.The global cleanroom technology market reached USD 3,156.0 million in 2014 at a CAGR of 5.2% from 2014 to 2020 to USD 4,290.1 million by 2020.
The Cleanroom Technology Market is a rapidly growing industry that caters to the design and construction of cleanrooms, which are environmentally controlled, artificially-maintained spaces that have a low level of pollutants such as dust, airborne microbes, and chemical vapors. These rooms are used in a variety of industries such as pharmaceuticals, semiconductors, biotechnology, and aerospace, where the controlled environment is crucial for the manufacture and testing of products.
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Some of the major players in the cleanroom technology market:
Azbil Corporation.
Kimberly-Clark Corporation.
Taikisha Ltd.
Illinois Tool Works, Inc.
Royal Imtech N.V.
Ardmac, Ltd.
M+W Group.
Clean Air Products.
E.I. Du Pont De Nemours.
Company.
Alpiq Group.
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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 sterilized 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. The global cleanroom technology market was valued at USD 3,156.0 million in 2014 and is expected to reach USD 4,290.1 million by 2020, growing at a CAGR of 5.2%.
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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 USD 1,209.3 million in 2014 and is expected to reach USD 1,580.8 million by 2020, growing at a CAGR of 4.6%.
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. Cleanroom technology has wide applications in the pharmaceutical industry.
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