The increasing cases of infectious diseases, growing need for sterilized pharmaceutical products, swelling cleanroom demand from the biotechnology, medical device, and pharmaceutical industries, rising number of beneficial healthcare regulations, surging demand for certified products, technological advancements in cleanroom consumables and equipment, and growing healthcare expenditure are the major growth drivers for the global cleanroom technology market. As a result of these factors, the industry is projected to generate $8,909.6 million revenue by 2030, advancing at a CAGR of 7.0% during the forecast period (2020–2030).
Moreover, the COVID-19 pandemic is having a positive impact on the cleanroom technology market. Initially, the lockdown imposed by various governments, the import of cleanroom technology products suffered initially, globally. The import of cleanroom solutions in the U.S. was almost 10% lower in March 2020 than that during the same period last year, according to trade data compiled by Panjiva Inc. and Trade Data Services Inc. (ImportGenius). However, the massive increase in product demand to maintain cleanliness and hygiene, especially in the wake of the COVID-19 outbreak and post resumption of industrial operations, has led to a positive impact on the cleanroom technology market.
Consumables To Remain Larger and Faster-Growing Category during Forecast Period
On the basis of type, the cleanroom technology market is categorized into consumables and equipment. Among these, during the forecast period, the consumables category is expected to exhibit the faster growth in the industry and retain its dominance. This is because consumables do not have installation and maintenance requirements, which significantly brings down their costs, compared to equipment.
The category is further sub-divided into safety and cleaning products. Out of the two, safety products occupied the larger share in the cleanroom consumables market in 2019. This is because these products are required to be worn by doctors, nurses, lab attendants and paramedical personnel to prevent contamination of the environment, thereby generating a higher demand in the market.
Cleanroom products are mainly used in the pharmaceutical, biotechnology, and medical device industries, with other users primarily including hospitals, research laboratories, and academic institutions. Out of them, the demand for the products was the highest in the pharmaceutical industry in the past, when the cleanroom technology market is segmented based on end-use industry. This was mainly on account of the increasing number of pharmaceutical companies, which are expected to generate a high demand for cleanroom products.
Geographically, North America held the largest share in the cleanroom technology market in the historical period (2014–2019). The U.S., Japan, and Germany are the top three countries that are expected to contribute the majority of the revenue to the global market over the forecast period. The increasing healthcare expenditure and growing research activities in these countries are the key factors driving the demand for cleanroom products. Furthermore, Asia-Pacific (APAC) is expected to be the fastest-growing market for the cleanroom technology in the forecast period.
Partnerships Are Prominent Strategic Measure Taken by Players in Market
Players in the cleanroom technology market are entering into partnerships and collaborations to expand their market presence. For instance, in May 2020, Exyte AG, a subsidiary of M+W Group, and Univercells Technologies announced a global partnership for the optimized construction of modular, standardized, and flexible good manufacturing practices (GMP) manufacturing facilities for vaccines, in the wake of the COVID-19 pandemic.
Similarly, in April 2019, Ardmac Ltd. and Germfree Laboratories Inc. announced their partnership to bring Germfree bioGO Mobile and Modular Cleanroom Buildings to Europe. Germfree Laboratories Inc. provides a fully adaptable cleanroom solution that supports the manufacturing of pre-clinical- and clinical-stage materials in a single- or multiple-module cleanroom building.
Some of the major players operating in the global cleanroom technology market are M+W Group GmbH, Ardmac Ltd., Alpiq Holding Ltd., cleanroom.de GmbH, OCTANORM-Vertriebs-GmbH, Monmouth Scientific Ltd., Parteco Srl, Mach-Aire Ltd., Cleanroom Systems Belgium, DuPont de Nemours Inc., Kimberly-Clark Corporation, Taikisha Ltd., and Illinois Tool Works Inc.