Over $8,000.0 Million Revenue Expected in Cleanroom Technology Market by 2030

The global cleanroom technology market attained a value of $4,204.9 million in 2019 and is predicted to progress at a CAGR of 7.0% between 2020 and 2030.

According to the forecast of P&S Intelligence, a market research company based in India, the market would generate a revenue of $8,909.6 million by 2030. The key factors driving the progress of the market are the growing requirement for certified products, innovations in cleanroom technology, and the rising incidence of infectious diseases. 

In addition to the above-mentioned drivers, the growing medical device, biotechnology, and pharmaceutical industries, the implementation of favorable healthcare policies, the ballooning requirement for sterilized pharmaceutical products, and the surging healthcare expenditure in several countries are also propelling the advancement of the market across the globe. There have been numerous advancements in cleanroom technology in the last few years, that have helped provide a contamination-free environment for manufacturing and research and development (R&D) applications.

Depending on end-use industry, the cleanroom technology market is divided into pharmaceutical, medical device, and biotechnology categories. Amongst these, the pharmaceutical category recorded the highest growth in the market in the past and this trend is likely to continue in the future years. This would be a result of the existence of numerous biopharmaceutical companies, for whom, the maintenance of proper hygiene and cleanliness inside the R&D and production facilities is of paramount importance for preventing the spread of infections.

Geographically, the Asia-Pacific (APAC) cleanroom technology market is predicted to exhibit the highest growth rate in the world in the forthcoming years. This is credited to the rising healthcare spending, ballooning requirement for certified products, and the growing need for sterile and clean conditions for manufacturing products. In addition to this, the expansion of the biotechnology, medical devices, and pharmaceutical industries is also fueling the growth of the market in the region.