Considering the presence of a large pool of manufacturers, the global healthcare cleanroom consumables market exhibits a highly fragmented vendor landscape. As per a recent study by Transparency Market Research (TMR), the top five market players, Texwipe, Kimberly-Clark Corp., Valutek, Nitritex Ltd., and DuPont held around 52% of the overall share in 2014. This is also indicative of the intense competition existing among the chief market participants. However, the ongoing rivalry among the leading companies has resulted in less differentiation among products they manufacture and the pricing structure of the same.
Despite this, the companies have continued weighing profits as they have commercially made available cost-efficient consumables such as gloves, apparel, and wipers. These are widely used across hospitals, which has emerged as a chief market driver. According to TMR, the global healthcare cleanroom consumables market is likely to exhibit a CAGR of 4.76% between 2015 and 2023. At this pace, the market’s valuation will reach US$3 bn by the end of 2023, from US$2 bn in 2014.
In 2014, the North America market for healthcare cleanroom consumables emerged dominant with a share of 34%, trailed by Europe, which held nearly 30% of the overall market. These regions are likely to retain their market position through the forecast period. The Asia Pacific market on the other hand is expected to showcase the highest CAGR from 2015 to 2023. In terms of application, biotechnology emerged dominant and is expected to remain so through the forecast period.
Rising Incidence of Chronic Ailments Emerges as Chief Growth Driver
The rising incidence of chronic ailments such as diabetes, cancer, cardiovascular diseases, respiratory diseases, and other genetic ailments has fuelled the demand for novel therapeutics and advanced medical devices for effective diagnosis and treatment of these ailments. Besides this, it is equally important for hospitals, clinics, and other healthcare setups to maintain a clean environment and proper hygiene to ensure best patient care standards.
As early detection of diseases is imperative for accurate treatment, it is equally important to keep patients in an environment free of germs and pollutants. Also therapeutics and devices used in their treatment must be properly disinfected to keep them at bay from infections. Healthcare cleanroom consumables enable maintaining an environment free of microorganisms, pollutions, or chemical vapors, which is why their application has significantly increased in biotechnology, medical devices, and pharmaceutical industries. Spurred by these factors, the demand for healthcare cleanroom consumables is expected to rise in the coming years.
In addition, the increasing research and development investment by the leading market players and commercialization of biotechnology-based products to aid treatment of chronic ailments and other neurological disorders is fuelling the demand for healthcare cleanroom consumables. Also frequent device recalls and stringent regulatory policies have compelled manufacturers to focus on quality of their products, leading to high demand for cleanroom consumables.
Varied Cleanroom Regulations May Have Negative Impact on International Trade
On the downside, complex and varied cleanroom regulations are making international trade difficult for the market players. Investment in compliance of regulations and impact of restrictions on foreign trade are expected to have negative impact on the overall market. Nevertheless, with opportunities ripening across Asia Pacific, especially in China, India, Malaysia, Thailand, and South Korea, the market will have considerable growth opportunities in the future. Besides the rising incidence of chronic ailments, investments directed to making the healthcare industry in the aforementioned countries stronger and more sophisticated will aid in the market’s expansion.
This review is based on a TMR report, titled “Healthcare Cleanroom Consumables Market (Product – Wiper (Dry and Wet), Cleanroom Apparel (Coverall, Frock, Boot Cover, Shoe Cover, Bouffant, and Sleeves), Cleaning Products (Cleanroom Mops, Buckets, Wingers, Squeegees, Validation Swabs, and Cleaning Chemicals), and Cleanroom Stationary (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.”
The report segments the global healthcare cleanroom consumables market as:
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