Overview

Biological Safety Cabinets Market is estimated to value over USD 253 million by 2027 end with a CAGR of over 7.1% during the forecast period 2020 to 2027.

The rising pandemic risks across the world, favorable healthcare regulations and rapid expansion of pharmaceutical companies and biologics are some of the key factors responsible for the growth of the market. Biologics is required for patient safety and efficacy in pharma and biotech industries as drug contamination at a microbial level can cause severe effects on the health of patients with respect to mortality and morbidity along with other severe long-term effects like cancer. As per the WHO in 2018, over 10 million people were infected with tuberculosis across the world, out of which over 5.8 million people were men, over 3 million people were women and over 1 million were children. Furthermore, technological advancements in biologics, growing investments in the healthcare sector along with increased R&D activities are some other factors responsible for the biological safety cabinets market growth.

Biological Safety Cabinets Market

Biological Safety Cabinets Market Segmentation:

By Type

Class I
Class II
Class III

By End User

Pharmaceutical and Biopharmaceutical Companies
Diagnostics and Testing Laboratories
Academic & Research Organizations

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

The market is fragmented into type, end user and region. The type segment is classified into class I, class II and class III. The class II segment is diversified into class II type A and class II type B. The class II segment is predicted to hold the largest biological safety cabinet market share as these cabinets can provide high-level protection against contagious agents. The end user segment is divided into diagnostic and testing laboratories, academic & research institutions and pharmaceutical & biopharmaceutical companies. The biotechnology & pharmaceutical company segment is predicted to lead the market owing to a rise in research and development projects for ensuring the safety of lab professionals.

Regional Analysis:

The North America region is projected to lead the market and this can be credited to growing investments by government in the healthcare sector, a strong presence of key market players, increased disposable income.

Competitive Landscape:

The key players of the market are Thermo Fisher Scientific, Esco Micro, Labconco, The Baker Company, Kewaunee Scientific, NuAire, Germfree Laboratories, Cruma, Air Science, BIOBASE.

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global biological safety cabinets market by type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers, and expansions

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