Albany, NY -- (SBWIRE) -- 02/14/2018 -- The presence of a large number of manufacturers has rendered the global healthcare cleanroom consumables market largely fragmented and highly competitive, observes Transparency Market Research in a recent report. The leading five vendors in the market, namely DuPont, Kimberly-Clark Corp., Nitritex Ltd., Valutek, and Texwipe, collectively accounted for a nearly 52% of the overall market in 2014.
Prominent product varieties are flooded with products from several manufacturers, suffer from a lack of distinction in terms of features, and face stiff competition in terms of pricing. However, cost-efficient and commercial consumables such as gloves, aprons, sleeves, boot covers, bouffant, shoe covers, masks, and wipers could help companies generate good profits. Demand for these product varieties has significantly increased in research centers, laboratories, and hospitals of late and is expected to remain strong owing to a significant rise in healthcare research activities, hospital visits, and diagnostic activities.
Transparency Market Research estimates that the global healthcare cleanroom consumables market will exhibit a healthy 4.76% CAGR over the period between 2015 and 2023, rising to an opportunity of US$3 bn by 2023 from a valuation of approximately US$2 bn in 2014.
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Asia Pacific to Present Significant Demand for Healthcare Cleanroom Consumables
From a geographical standpoint, the market for healthcare cleanroom consumables in North America led other regional markets in terms of demand for healthcare cleanroom consumables, accounting for a massive 34% in 2014. Europe followed the North America market with a 30% of the global market in the said year. Both regional markets are expected to remain the leading consumers of healthcare cleanroom consumables over the forecast period as well. However, Asia Pacific is expected to provide the most promising growth opportunities to the healthcare cleanroom consumables market in the near future with the region’s thriving healthcare and research industry providing the required traction.
Of the key areas of application, the biotechnology industry is presently the leading consumer of healthcare cleanroom consumables and is projected to retain its dominant stance over the report’s forecast period as well. Gloves are expected to remain the most in-demand consumables in the global market over the forecast period.
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Rising Global Demand for Drugs and Medical Devices to Provide Market Required Traction
The vast rise in the global demand for a variety of drugs and medical devices to diagnose and treat the rising patient pool of several chronic diseases is one of the key factors indirectly driving the market for healthcare cleanroom consumables. As cleanrooms are most preferred for research and development practices devoted towards the production of drugs and medical devices, their demand has ramped up in the past few years, which has, in turn, fueled the demand for consumables required across numerous activities in cleanrooms. This trend is expected to continue to provide ample growth opportunities to the global healthcare cleanroom consumables in the near future as well.
Emerging Medical Device Manufacturing Hubs to Provide Substantial Growth Opportunities
The global healthcare cleanroom consumables market is expected to witness the most promising growth opportunities in emerging economies where the number of medical device manufacturers is constantly rising. Countries such as India and China are among the most preferred locations for geographical expansion for medical device manufacturers owing to the availability of a trained resource pool and low cost of labor. As regulations regarding product quality become more stringent in these countries, the demand for cleanrooms has significantly increased, which has, in turn, improved the potential demand for healthcare cleanroom consumables as well.
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This review of the global healthcare cleanroom consumables market is based on a recent Transparency Market Research report, titled “Healthcare Cleanroom Consumables Market (Product - Wipers (Dry and Wet), Cleanroom Apparels(Coverall, Frock, Boot Cover, Shoe Cover, Bouffant, Sleeves, Pants, Face Masks, and Hood), Cleaning Products (Cleanroom Mops, Buckets, Wringers, Squeegees, Validation Swabs, and Cleaning Chemicals), and Cleanroom Stationery (Paper, Notebook and Adhesive Pads, Binders and Clipboards, and Labels); Application - Pharmaceutical, Biotechnology, Medical Devices, Academia, and Hospitals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”