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  • Biological Safety Cabinet Market Growth Analysis | 2023-2028

    Biological Safety Cabinet Market Growth Analysis | 2023-2028

    Biological Safety Cabinet Market Growth Analysis | 2023-2028
    Report code - SRHL298 Delivery - 2 Weeks
    Biological Safety Cabinet Market Size, Share, Trends, Dynamics, Forecast, Industry, and Gr See more...

    Market Insights

    The Biological Safety Cabinet Market was estimated at USD 208.20 million in 2022 and is likely to grow at a CAGR of 7.59% during 2023-2028 to reach USD 322.97 million in 2028.

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    What is a biological safety cabinet?

    A Biological Safety Cabinet, also known as a biosafety cabinet (BSC) or microbiological safety cabinet is a 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.

    Biological Safety Cabinet Market Report Highlights

    Market Size in 2022

    US$ 208.20 Million

    Market Size in 2028

    US$ 322.97 Million

    Market Growth by 2023-2028

    CAGR of 7.59%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Dominant Region

    North America witnessed the largest market share of >30% in 2022.

    Key Players

    Some of the major players in the global market are-

    • Air Science Inc. (The US)
    • Azbil Telstar (Spain)
    • CRUMA S.A (Spain).
    • Germfree laboratories (The US)
    • HAIER BIOMEDICAL (The US)
    • Jinan Biobase Biotech (China)
    • Laboconco Corporation (The US)
    • Nuaire Inc. (The US)
    • The Baker Company (The US)
    • Thermo Fisher Scientific, Inc. (The US)

    Market Dynamics

    The global market for biological safety cabinets is driven by several factors, including –

    • Increasing cases of infectious diseases – The rising occurrence of infectious diseases like Covid-19, etc. is heightening safety concerns due to which there is a rise in biological safety cabinets. According to the National Institutes of Health (ncbi.nlm.nih.org), the emergence of the Covid-19 pandemic has increased the need for laboratory diagnosis, and extreme safety to avoid further spread. Safety cabinets offer the utmost security for biological components.
    • Rising demand for high-quality products – The global demand for high-quality medical products is on the rise owing to many reasons. Pharmaceutical and biopharmaceutical companies have increased the use of biological safety cabinets to secure the products from being contaminated. This is one of the reasons why there is a growing need for a global biological safety cabinet market.
    • Growing government regulations and investments – Governments across the globe are increasingly implementing regulations in the healthcare segment. Governments are also increasing their spending and investments towards medical research. For instance, the NIH’s budget in 2023 is estimated to grow by 5.6% (compared to 2022) and reach 47.5 billion USD.

    Biological-Safety-Cabinet-Market-Dynamics

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    Segment Analysis

    By Type

    Based on type, the market has been categorized into Class I, Class II, and Class III.

    Among these, Class II garnered the highest market share of >40% in 2022 and is projected to register a healthy CAGR during the forecast period. It offers complete protection and is mainly used in basic research activities. Moreover, it offers protection for products, personnel, as well as the environment.

    By End-Use Type

    Based on end use, the market is divided into pharmaceuticals & biopharmaceutical companies, diagnostic & testing laboratories, and academic and research organizations.

    In 2022, the biggest portion of >40% of the market was held by pharmaceutical and biopharmaceutical companies. These companies necessitate a robust research and development infrastructure, which means they require state-of-the-art facilities and equipment.

    Regional Analysis

    North America witnessed the largest market share of >30% in 2022 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 centers, 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.

    Biological-Safety-Cabinet-Market-Regional-Analysis

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories:

    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

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Biological-Safety-Cabinet-Market-Segmentation

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    Critical Questions Answered in the Report

    • What are the key trends in the global biological safety cabinets market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global biological safety cabinets market?
    • What are the key strategies adopted by the major vendors to lead in the global biological safety cabinets market?
    • What is the market share of the top vendors?

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Biological Safety Cabinet Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research:

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    A Biological Safety Cabinet, also known as a biosafety cabinet (BSC) or microbiological safety cabinet is a 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.

    The biological safety cabinet market is expected to grow from USD 208.20 Mn in 2022 to USD 322.97 Mn by 2028.

    The biological safety cabinet market is expected to grow at a CAGR of 7.59 % during the forecast period.

    Some of the major players in the market are- Air Science Inc. (The U.S.), Azbil Telstar (Spain), CRUMA S.A (Spain), Germfree Laboratories (The U.S.), HAIER BIOMEDICAL (The U.S.), Jinan Biobase Biotech (China), Laboconco Corporation (The U.S.), Nuaire Inc. (The U.S.), Thermo Fisher Scientific, Inc. (The U.S), and The Baker Company (The U.S.).

    North America witnessed the largest market share of >30% in 2022.

    The global market for biological safety cabinets is driven by several factors, including 1. Increasing cases of infectious diseases The rising occurrence of infectious diseases like Covid-19, etc. is heightening safety concerns due to which there is a rise in biological safety cabinets. According to the National Institutes of Health (ncbi.nlm.nih.org), the emergence of the Covid-19 pandemic has increased the need for laboratory diagnosis, and extreme safety to avoid further spread. Safety cabinets offer the utmost security for biological components. 2. Rising demand for high-quality products The global demand for high-quality medical products is on the rise owing to many reasons. Pharmaceutical and biopharmaceutical companies have increased the use of biological safety cabinets to secure the products from being contaminated. This is one of the reasons why there is a growing need for a global biological safety cabinet market. 3. Growing government regulations and investments Governments across the globe are increasingly implementing regulations in the healthcare segment. Governments are also increasing their spending and investments towards medical research. For instance, the NIHs budget in 2023 is estimated to grow by 5.6% (compared to 2022) and reach 47.5 billion USD.