Why will European Cleanroom Technology Market Grow Explosively in Germany in Future?
The European cleanroom technology market attained a value of $1,126.6 million in 2017 and is predicted to advance at a CAGR of 7.2% between 2018 and 2023. According to the estimates of P&S Intelligence, a market research company based in India, the market would generate a revenue of $1,701.8 million by 2023. The rising incidence of infectious diseases and the burgeoning requirement for cleanroom products in medical devices, pharmaceutical, and biotechnology industries are the key market growth drivers.
As per the European Centre for Disease Prevention and Control, one of the biggest public health concerns in the region is the high occurrence rate of the human immunodeficiency virus (HIV) infection. Furthermore, the organization found that nearly 30,000 new infections are reported in the region every year. In addition to this, it was observed in 2016 that 29,444 people were suffering from HIV in as many as 31 countries of European Union (EU).
The organization estimates that the growing prevalence of various diseases will massively expand the patient pool in hospitals in the coming years. This will, in turn, push up the requirement for cleanroom consumables such as disinfectants and gloves, thereby driving the progress of the industry in the region. The market is divided, on the basis of construction, into hardwall, standard, pass-through, and softwall cleanrooms. Out of these, the standard cleanrooms category is currently recording the highest growth in the market.
Germany is currently exhibiting the highest growth in the European cleanroom technology market and is predicted to continue the trend in the coming years as well. This would be because of the increasing number of cleanroom technology offering companies in the country and the growing usage of cleanroom products in various biotechnology and pharmaceutical companies. In addition to this, the country is one of the world’s biggest exporters of medical equipment.
Source: P&S Intelligence
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