Published Date: 16-Apr-2020
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According to a new report Global Cleanroom Technology Market, published by KBV research, The Global Cleanroom Technology Market size is expected to reach $4.5 billion by 2025, rising at a market growth of 3.9% CAGR during the forecast period.
Gloves accounted for the largest share of revenue in the cleanroom equipment market in 2019. The primary aim of wearing gloves is to prevent contamination. The demand for gloves is anticipated to increase as a result of their increased use in a number of industries, such as pharmaceuticals, medical devices, biotechnology, and diagnostic centers.
The pharmaceutical industries recorded a dominant market share in the end-use segment in 2019. Advances in pharmaceutical cleanroom technology, in terms of technicality and regulation, are one of the main factors that can be related to the share of revenue generated by the pharmaceutical industry. The biotechnology segment is expected to display a lucrative growth in the cleanroom technology market over the forecast period. The growth of this segment can be associated with an increased demand for a controlled environment in the workplace.
North America dominated the regional market during the base year, accounting for the largest share of the cleanroom technology market. Growth of the region can be associated with factors such as the existence of major pharmaceutical firms, a rise in healthcare spending, a rise in the geriatric population and a high burden of disease. The Asia Pacific is projected to emerge as the fastest-growing segment of the cleanroom technology industry with the highest growth rate. The pharmaceutical industry in Asia-Pacific is estimated to record a dominant market share in the years to come. Investment for innovations in the healthcare sector is also growing in this region.
Structural Insights: https://www.kbvresearch.com/cleanroom-technology-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Azbil Corporation, Illinois Tool Works, Inc., Camfil AB, Kimberly-Clark Corporation, Taikisha Ltd., Ardmac Ltd., Clean Air Products Corporation, Labconco Corporation, Clean Rooms International, Inc., and Terra Universal, Inc.
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By End Users
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