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.
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.
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.
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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.