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. 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.
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Major market players in biological safety cabinets market include Thermo Fisher Scientific (US), Esco Micro (Singapore), Labconco (US), The Baker Company (US), Kewaunee Scientific (US), NuAire (US), Germfree Laboratories (US), EUROCLONE (Italy), Cruma (Spain), Air Science (US), Berner International (Germany), and BIOBASE (China).
- Market Ranking Analysis
- Thermo Fisher Scientific
- Esco Micro
- The Baker Company
- Competitive Scenario
- Product Launches, Approvals, and Deployments
- Partnerships and Collaborations
The report analyzes the biological safety cabinets marketand aims at estimating the market size and future growth potential of this market based on various segments such as type, end user, and region. The report also includes the competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.
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Geographic segments in Biological Safety Cabinet market report include North America, Europe, Asia Pacific, and RoW. In 2017, North America held the largest share of the market.
The large share of the North American segment can be primarily attributed to the increasing biomedical research and R&D by pharmaceutical companies in that region, growing stem cell research, government support for research in the US, and government support for the development of protein drugs in Canada.
- Government and private research institutes
- Manufacturers and suppliers of biological safety cabinets
- Pharmaceutical and biopharmaceutical companies
- Academic and research institutes
- Venture capitalists
- Medical research centers
- Research and consulting firms
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. The highest CAGR during the forecast period is likely to be registered by the pharmaceutical & biopharmaceutical companies segment.
Global biological safety cabinets market is segmented into pharmaceutical & biopharmaceutical companies, diagnostic & testing laboratories, and academic & research institutions. The pharmaceutical & biopharmaceutical companies segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for drug development and the need to ensure the safety of laboratory personnel.
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