The global Biosafety Cabinet Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2022-2030. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biosafety Cabinet market include NuAire Inc., Labconco Corp., Esco Group of Companies, Biobase Blodusty Co Ltd., Thermo Fisher Scientific Inc., International Marketers For Scientific Equipments & Technologies, Heal Force Bio-Meditech Holdings Ltd., Kewaunee Scientific Corp., ACMAS Technologies, Haler Biomedical. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The biosafety cabinet (BSC) market is influenced by several compelling factors, making it a dynamic and evolving sector. Firstly, the COVID-19 pandemic highlighted the importance of biosafety cabinets in handling infectious agents, driving increased demand in laboratories worldwide. Advancements in biotechnology, gene editing, and pharmaceutical research have also expanded the need for safe and controlled environments for handling genetic materials, cells, and drug development. Moreover, healthcare facilities, pharmaceutical companies, and research institutions rely on BSCs for diagnostic testing, vaccine development, and biological research. Stringent government regulations and guidelines related to laboratory safety and biosafety practices further fuel the adoption of BSCs. Ongoing research on emerging infectious diseases and the growth of the biopharmaceutical industry contribute to the market's expansion. Technological advancements in biosafety cabinet design and efficiency, coupled with increasing investments in laboratory infrastructure, encourage facilities to upgrade their cabinets. The biosafety cabinet market remains responsive to emerging infectious diseases, evolving research needs, and regulatory changes, making it a critical component of laboratory safety and research endeavors.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of biosafety cabinet. The growth and trends of biosafety cabinet industry provide a holistic approach to this study.
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Market Segmentation
This section of the biosafety cabinet market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Products Handled
- Biological Products
- Toxic Products
By Category
- Work Trays
- Side Panel Construction
- Accessories
By Type
- Class I Biosafety Cabinet
- Class II (Type A2 And Class II Type B1, Class II Type B2 Biosafety Cabinet, Class II Biosafety Cabinet)
- Customized Cabinets
- Others
By Application
- Medical Health
- Disease Prevention
- Food Safety
- Biological Pharmacy
- Environment Monitoring
- Others
By End User
- Academic Centers
- Biotech And Pharmaceutical Companies
- Microbiology Centers
- Research And Development Centers
- Hospitals And Clinics
- Diagnostic Laboratories
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Biosafety Cabinet market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Growth in the biological safety cabinets market is mainly driven by factors such as favorable regulations, increased risk of pandemics and communicable diseases, and pharmaceutical companies, and rapid growth in the number of biologics.The biological safety cabinets market is projected to reach USD 205.9 Million by 2022 from USD 144.3 Million in 2017, at a CAGR of 7.4% during the forecast period.Market is segmented into Class I, Class II, and Class III biological safety cabinets.
The Class II biological safety cabinets market is expected to grow at the highest CAGR during the forecast period.
The primary reason for this is the high level of protection offered by these cabinets against infectious agents and the increase in the number of biologics used to treat various diseases.The global biological safety cabinets market is categorized on the basis of end users into pharmaceutical & biopharmaceutical companies, diagnostic and testing laboratories, and academic & research institutions.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60228904 The highest CAGR during the forecast period is likely to be registered by the pharmaceutical & biopharmaceutical companies segment.
This is primarily due to the increasing number of research and development activities and the need to ensure the safety of laboratory personnel.The development of efficient and reliable alternatives to biological safety cabinets such as the compounding isolators pose a major restraint to the growth of the global biological safety cabinets market.
In addition, the high cost of the biological safety cabinets limits the uptake of these systems and is likely to restrain the market to a certain extent.Region Covered in Biosafety Cabinet MarketGeographic segments in this report include North America, Europe, Asia Pacific, and RoW.
In 2017, North America held the largest share of the market.
