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    Biological Safety Cabinet Market Report

    Biological Safety Cabinet Market Report
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    Global Biological Safety Cabinets Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Biological Safety Cabinet Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Biological Safety Cabinet Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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)

    Biological-Safety-Cabinets-Market-Forecast

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    What are Biological Safety Cabinets?

    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

    Key players operating in the global biological safety cabinets market are-

    • 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).

    Market Dynamics

    The rising number of R&D activities in both pharmaceutical and biopharmaceutical companies further bolsters the product demand.

    • The market growth is primarily driven by favourable regulations augmenting the use of biological safety cabinets in the healthcare industry coupled with an increased risk of pandemics and communicable diseases.
    • Moreover, the rapid growth in the number of biologics increased investment in healthcare infrastructure in growing economies, further proliferate the market growth.

    Segment Analysis

    Type Trends

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

    • Among these, the Class II garnered the highest market share of over 40% in 2020 and is projected to register a healthy CAGR during the forecast period.
    • It offers complete protection and are mainly used in basic research activities.
    • Moreover, it offers protection for product, personnel, as well as the environment.

    Regional Trends

    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.

    COVID-19 Impact on Global Biological Safety Cabinets market

    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.

    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?

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    Target Audience

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

    • Biological Safety Cabinets Vendors
    • Biological Safety Cabinets Suppliers
    • Biological Safety Cabinets Distributors
    • R&D Organizations
    • Hospitals

    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 at [email protected].

    Frequently Asked Questions (FAQs)

    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.

    •