Europe Cleanroom Technology Market Size, Share, Growth Drivers and Forecast Report 2024

Posted on 2019-07-22 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Jul-22 — /EPR Network/ —

The Europe cleanroom technology market generated $1,126.6 million revenue in 2017 and is predicted to progress at a CAGR of 7.2% during the forecast period (2018–2023). The factors boosting the market are increasing prevalence of infectious diseases and rising demand for cleanroom products in biotechnology, pharmaceutical, and medical devices industries. Cleanroom is an enclosed space, specifically constructed to prevent the harmful effects of airborne particles, including hair, dust, microorganisms, chemicals and radiation. These are built to carry out research and development of genetically engineered and healthcare products.

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The cleanroom technology market in Europe has been segmented by product, construction, end user, and geography. Based on product, the market is classified into consumables and equipment. Of the two, cleanroom consumables accounted for a larger revenue share in the market (over 50.0%) in 2017. Due to the growing demand for cleanroom consumables in pharmaceutical, medical devices, semiconductor, and biotechnology industries and hospitals to keep the environment sterile, the category witnessed growth.

Pharmaceutical, medical devices, and biotechnology industries are the primary end users of cleanroom products. In addition, hospitals, academic institutes, and research laboratories are the end users under the others category. As an end user, the pharmaceutical industry registered 48.0% revenue share in the European cleanroom technology market in 2017. This is attributed to the increasing number of pharma companies in the region, which resulted in a rising demand for cleanrooms and associated technology.

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The growing prevalence of infectious diseases in Europe is escalating the demand for cleanroom technology. According to the European Centre for Disease Prevention and Control, HIV infection is a major concern in the region, with around 30,000 new cases reported each year. The organization also mentioned that about 29,444 people were diagnosed with HIV in 31 European Union countries in 2016. Some other infectious diseases increasing in prevalence in the region are hepatitis B, tuberculosis, and respiratory tract infection.

Hence, due to the increasing burden of diseases, the number of people being admitted in hospitals is rising, which, in turn, is escalating the progress of the cleanroom technology market in Europe.

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