Cleanroom Consumables Market Is Expected To Reach US$ 8,648.8 Mn By 2025
The latest market report published by Credence Research, Inc. “Global Cleanroom Consumables Market– Market Growth, Future Prospects, Competitive Analysis and Pipeline Analysis, 2017 – 2025,” the global cleanroom consumables market was valued at US$ 5,861.1 Mn in 2016, and is expected to reach US$ 8,648.8 Mn by 2025 expanding at a CAGR of 4.4% from 2017 to 2025.
Browse the full report Global Cleanroom Consumables Market – Market Growth, Future Prospects, Competitive Analysis, and Pipeline Analysis 2017 – 2025 report at https://www.credenceresearch.com/report/cleanroom-consumables-market
The cleanroom consumables helps in the prevention of contamination, maintaining the quality of product and limiting human exposure. Compulsory regulations have been made by regulatory authorities for the production and packaging of medical and nutraceutical products worldwide. The restraint of the cleanroom consumable market includes increasing raw materials and manufacturing cost. The gloves are leading the product type segment due to factors such as its diverse application in hospitals, research and biopharmaceutical industry, they are widely used because they provide good elasticity and comfort. It has few restraints such as latex allergy which includes symptoms such as hives, itching, stuffy or runny nose. Cleanroom apparels will grow at significant rate in the product type segment due to factors such as increasing demand in nanotechnology industry, as they prevent contaminants from hampering the quality of the product, and also finds application in other industries such as optical industry, aerospace industry, defense and food industry. Pharmaceutical and biotechnology industry holds the largest market in the application segment as it is minimizes human contact and eradicates microbial contamination, the cleanroom consumable are resistant to chemicals, produce less particulate material. Hospitals will be the fastest growing market in the application segment due to factors such as rising number of surgeries performed, increasing number of clinics and hospitals leading to more biopsy performed and protects the healthcare professionals from getting exposed to life-threatening pathogens.
Geographically, Asia Pacific is the largest regional market for cleanroom consumables. The region occupies a significant share of the overall consumption of cleanroom hardware and consumables. Significant concentration of CROs and CMOs in the region and growing outsourcing of research and development activities make Asia Pacific a prominent hub on the global front. Moreover, this region is also characterized by strong presence of local players offering products complying internationally accepted standards at competitive prices. Additionally, North America and Europe also are major revenue contributors in the global market. Early bird advantage and presence of significant number of cleanrooms in the regions are the key attributes of North America and Europe markets. The cleanroom consumables market is technologically driven and includes major players such as Kimberly Clark Corporation, Texwipes, Nitritex Ltd., Valuetek and DuPont etc. are few market leaders in Cleanroom Consumables market and compete to augment their foothold in the market.
Key Market Movements:
- Increasing number of pharmaceutical industries and hospitals
- Rising number of contagious diseases and growing demand to eradicate microbial contamination
- Positive regulatory approval for cleanroom consumables products
- Technological innovation to manufacture consumables of organic and biodegradable source to prevent environmental biohazards
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