Cleanroom Technology Market worth $3,761.9 Million by 2019
This report studies the global cleanroom technology market over the forecast period of 2014-2019. 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 global market is segmented by technology, by type of construction, end user, and geography. It also discusses the key market drivers, restraints, and opportunities of this market and its submarkets. 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
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