Biological Safety Cabinet Market Report
Global Biological Safety Cabinets Market, Dynamics, and Market Analysis See less
Global Biological Safety Cabinets Market, Dynamics, and Market Analysis
The report on the Global Biological Safety Cabinets Market is segmented By Type (Class I, Class II [Class II Type A, Class II Type B], Class III), By End-Use (Pharmaceutical & Biopharmaceutical Companies, Diagnostics & Testing Laboratories, Academic & Research Organizations), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global biological safety cabinets market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Biological Safety Cabinets Market is segmented By Type (Class I, Class II [Class II Type A, Class II Type B], Class III), By End-Use (Pharmaceutical & Biopharmaceutical Companies, Diagnostics & Testing Laboratories, Academic & Research Organizations), and Region....
The Global Biological Safety Cabinets market is expected to grow from USD 163.5 million in 2020 to USD 255.4 million by 2026 at a CAGR of over 7.7% during the forecast period.
Figure: Global Biological Safety Cabinets Market Size, 2020-2026 (USD Million)
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Biological Safety Cabinets, also known as biosafety cabinets (BSC) or microbiological safety cabinets that are ventilated laboratory workspace for working safely at a defined biosafety level, with the materials contaminated by pathogens.
The major purpose of biological safety cabinets is to protect the laboratory worker as well as the surrounding environment from harmful pathogens. It predominantly is used for the containment of infectious pathogens and hazardous chemicals while working on research.
Key players operating in the global biological safety cabinets market are-
The rising number of R&D activities in both pharmaceutical and biopharmaceutical companies further bolsters the product demand.
Based on type, the biological safety cabinets market has been categorized into Class I, Class II, and Class III.
Geographically, North America witnessed the largest market share of around 34% and is estimated to grow at a robust CAGR during the review period. This is mainly attributed to the presence of well-established healthcare companies, strong funding for R&D activities, a strong base of vaccination and epidemiology centres, and the rising prevalence of epidemics. In addition, rising incidences of chronic diseases and the quick adoption of advanced technologies, in the region further contribute to the regional market growth.
The ongoing COVID-19 pandemic is likely to positively influence the biological cabinets industry in 2020. Stringent lockdown measures, quarantine for the infected across the globe, as well as restricted movement, and a rising concern for the cure and treatment of the virus. In addition, funds and grants for the production of vaccine and drug approval require safe cabinets to prevent the spread of the virus, thus spurs the demand for biological safety cabinets.
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The following is a list of the customers that the Biological Safety Cabinets market aims to convert the most:
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The biological safety cabinets market is expected to witness an impressive growth of 7.7% CAGR in the foreseeable future.
Thermo Fisher Scientific, Inc. (The U.S), Laboconco Corporation (The U.S), Nuaire Inc. (The U.S), The Baker Company (The U.S), Azbil Telstar (Spain), Jinan Biobase Biotech (China), Germfree laboratories (The U.S), Air science Inc. (The U.S), HAIER BIOMEDICAL (The U.S) and CRUMA S.A (Spain) are the key players in the biological safety cabinets market.
The biological safety cabinets market size is expected to reach USD 255.4 million in the coming years.
North America witnessed the largest share in the biological safety cabinets market in 2020.
Rising number of R&D activities in both pharmaceutical and biopharmaceutical companies, favourable regulations augmenting the use of biological safety cabinets in the healthcare industry are the factors driving the growth of biological safety cabinets market.
The Class II garnered the highest share of over 40% in the biological safety cabinets market in 2020.
Biological Safety Cabinets Vendors, Biological Safety Cabinets Suppliers, Biological Safety Cabinets Distributors, R&D Organizations, Hospitals are the target audience in the biological safety cabinets market.