Rising demand for sterilized pharmaceutical formulations, increasing demand for medical devices, and technological advancements in cleanroom technology. Also, the increasing demand in developing economies and the growing focus on energy-efficient cleanrooms are expected to offer significant opportunities for market growth in the coming years. However, the high operational cost associated with the cleanrooms is expected to restrain market growth to a certain extent.
COVID-19 Impact on Global Cleanroom Technologies Market
According to our findings, the cleanroom technologies market is expected to grow at an approximate CAGR of 7-8% during the next two years. According to our analysis, the below factors are playing a key role in shaping the growth of the global market;
- The global health crisis triggered by the COVID-19 pandemic has made it imperative that the pharmaceutical industry moves at a rapid pace alongside researchers, regulators, and contract research companies to develop a diagnosis, treatment, and vaccines. Cleanroom technologies and services play an important role in this scenario to ensure that quality, safety, and efficacy are being maintained.
- In the current scenario, the healthcare industry is witnessing an unparalleled demand for diagnostic tests, personal protective equipment (PPE), medical ventilators, and other critical medical supplies. Facing the potentiality of a high risk of infection, healthcare professionals (HCPs) are also facing significant challenges in providing specific and effective care (often remotely).
- In Hospital systems are becoming overwhelmed with the rapidly increasing number of COVID-19 patients, which is weighing heavily on the pharmaceutical industry.
With the increasing demand for certified products, various quality certifications such as ISO checks and National Safety and Quality Health Standards (NSQHS) have been made mandatory for ensuring that the standards for manufacturing processes and products are being upheld. The quality certifications require products to be processed in a cleanroom environment to ensure minimum possible contamination.
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Significant growth opportunities for players operating in the cleanroom technologies market, primarily due to the presence of less-stringent regulatory policies, an increasing number of pharmaceutical companies, availability of a skilled workforce, government initiatives to boost local manufacturing, and lower cost of clinical trials in these countries.
Cleanrooms are mostly designed according to customer requirements based on product specifications and customer-specific design requirements. However, there are no specific guidelines for cleanroom designs for different application areas or product types.
Recent Developments
- In 2019, Azbil Corporation launched its Biological Safety Cabinets.
- In 2019, Exyte Group opened a new manufacturing facility in Renningen, Germany.
- In 2018, Kimberly-Clark Corporation invested USD 30 million for the expansion of its nonwovens manufacturing facility in Hendersonville, North Carolina.
- In 2019, Kimberly-Clark Corporation opened a global digital technology center in Bengaluru, India.
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