A recent report published by Infinium Global Research on the biological safety cabinet market provides an in-depth analysis of segments and sub-segments in the global as well as regional biological safety cabinet market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional biological safety cabinet market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global biological safety cabinet market. According to the report, the global biological safety cabinet market is projected to grow at a CAGR of 7.9% over the forecast period of 2019-2025.
Market Insight
Biological safety cabinet is an enclosed, ventilated laboratory workspace designed to work with potential pathogens. The purpose of the biological safety cabinet is to protect the lab technician and laboratory environment from the pathogens. The biological safety cabinet is equipped with HEPA filters to provide clean air and ultraviolet (UV) light to kill the pathogens in the biosafety work station before use. Biological safety cabinets play a vital role in research institutes, biotech and pharma industries.
Growing research and development activities globally is one of the major factors driving the growth of the market. Increasing new drug development (biological drugs), animal cell culture studies and maintenance of pathogenic bacterial strains on agar media, toxicity studies on has boosted the demand of biological safety cabinet. Moreover, growing biotech and pharmaceutical industries is another major factor driving the growth of the biological safety cabinet market. The rising demand for biopharmaceuticals is swelling the number of biological drug manufacturers in the market. On the other hand, the high cost associated with the biosafety cabinet and their maintenance can hamper the growth of the market. However, the growing healthcare sector will escalate the demand for biological safety cabinet in the forecast period.
Geographically, the biological safety cabinet market is segmented by North America, Europe, Asia-Pacific, and RoW. North America holds the highest share of the global market and expected to keep its dominance in the forecast period. A rising number of pharmaceutical and biopharmaceutical industries, stringent human safety laws are some factors contributing to the growth of the market. The market in Europe is expected to grow at a significant rate in the forecast period. Increasing funding for research activities, growing healthcare industries, and stringent regulatory laws are contributing to the growth of the market. The Asia-Pacific region is estimated to grow with a lucrative rate in the forecast period. The rapidly growing healthcare industry and rising funding for research and development are contributing to the growth of the region.
Segment Covered
The report on global biological safety cabinet market covers segments such as type, and end user. On the basis of type, the sub-markets include class I, class II, and class III. On the basis of end user, the sub-markets include pharmaceutical and biopharmaceutical companies, diagnostics and testing laboratories, and academic and research organizations.
Companies Profiled:
The report provides profiles of the companies in the market such as Thermo Fisher Scientific, Esco Biotech Pvt. Ltd., Labconco, The Baker Company, Kewaunee Scientific Corporation, Germfree Laboratories Inc., EuroClone SpA, Air Science, Berner International, BIOBASE, and Other companies.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the biological safety cabinet market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
