Transparency Market Research Report Added "Healthcare Cleanroom Consumables Market" to its database.
Albany, NY -- (SBWIRE) -- 09/15/2017 -- The rivalry among players has resulted in less differentiation in products and their pricing structures. However, companies can generate weighty profits by focusing on commercial and cost-efficient consumables such as wipers, gloves, and apparels such as aprons, boot covers, sleeves, bouffant, masks, and shoe covers, which are highly utilized in hospitals, laboratories, and research centers.
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The increased prevalence of a number of diseases, such as cancer, diabetes, respiratory disorders, cardiovascular diseases, and several genetic ailments has fueled the demand for drugs and technically advanced medical devices for the detection and the treatment of these diseases. As cleanrooms allow to maintain low levels of pollutants such as dust, chemical vapors, and microorganisms, upholding the quality of production, the application of cleanrooms and cleanroom consumables has increased significantly in the production of medicines as well as medical equipment. Their demand is also witnessing a remarkable rise due to the increase in research activities in the medical and healthcare industry.
Apart from this, the growing number of medical device manufacturers is also leading to a significant rise in the number of cleanrooms for the production of electronic components as well as devices for medical utilization. Stringent regulatory policies and frequent device recalls have compelled manufacturers to focus specifically on the quality of their products, leading to the need for cleanroom consumables.
Going forward, with China emerging as a cheap electronic component and medical devices manufacturing hub and India becoming the preferred location for the production of generic drugs and active pharmaceutical ingredients, Asia Pacific is projected to present most promising opportunities in healthcare cleanroom consumables over the next few years.
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"The global market for healthcare cleanroom consumables will witness a substantial rise in the forthcoming years," states an analyst at TMR. Registering a healthy CAGR of 4.76% from 2015 to 2023, the opportunity in healthcare cleanroom consumables is projected to increase from a value of nearly US$2 bn in 2014 to be worth US$3 bn by the end of the forecast period.
In 2014, North America led the demand for healthcare cleanroom consumables with a share of 34% and was closely followed by Europe, which held a share of 30%. Both regions are likely to retain their market shares as well as positions until the end of the forecast period. Asia Pacific, on the other hand, is projected to witness a substantial rise in its total share by 2023.
Biotechnology has emerged as the biggest application area of healthcare cleanroom consumables and is expected remain the same in the coming years. Gloves will continue to be the most demanded consumables across the world in the near future.
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With a large pool of manufacturers, the healthcare cleanroom consumables market demonstrates a fragmented structure and experiences a high degree of competition, finds Transparency Market Research (TMR) in a new study. In 2014, the top five participants, namely, Kimberly-Clark Corp., Texwipe, Nitritex Ltd., Valutek, and DuPont, collectively held a share of just 52% in the overall market.
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