According to the latest report by IMARC Group, titled “Biological Safety Cabinet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global biological safety cabinet market size reached US$ 207 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 320.5 Million by 2027, exhibiting a growth rate (CAGR) of 7.47% during 2022-2027.
The biological safety cabinet represents ventilated laboratory workspace customized for protecting workers and equipment from contamination through pathogens. They can be categorized into class I, II, and III variants. These biological safety cabinet models minimize biological exposure to harmful bacteria, viruses, bacteria, and other microorganisms. They even provide various levels of protection to ensure optimum control over drug quality. Consequently, they find extensive applications in pharmaceutical and biopharmaceutical companies, diagnostics laboratories, academic and research institutions, and other healthcare establishments.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Biological Safety Cabinet Market Trends:
The increasing risks of communicable diseases and the growing requirement to safeguard medical products, personnel, and the environment from cross-contamination and biohazard exposure are primarily driving the biological safety cabinet market. In addition to this, the implementation of stringent regulations by the government bodies aimed at preventing safety and quality issues concerning healthcare products and the escalating need among pharmaceutical manufacturers and diagnostics labs to maintain the microbiological quality of drugs are also positively influencing the market growth. Apart from this, the development of innovative products with enhanced construction, airflow pattern, exhaust systems, velocities, etc., is further stimulating the global market. In line with this, the launch of new cabinets equipped with digital interfaces that provide easy control and high-efficiency particulate air (HEPA) filters that aid in maintaining the sterility of the environment is acting as another significant growth-inducing factor. Moreover, the elevating modernization of laboratory equipment, the inflating investments in the healthcare sector to facilitate infrastructural improvements, especially in developing countries, and the rising demand for new drug molecules are anticipated to propel the biological safety cabinet market in the coming years.
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Global Biological Safety Cabinet Market 2022-2027 Analysis and Segmentation:
- Air Science
- Berner International
- Esco Micro Pte Ltd
- EUROCLONE SPA (AddLife Development AB)
- Germfree Laboratories
- Kewaunee Scientific Corporation
- NuAire (Polypipe)
- The Baker Company, Inc
- Thermo Fisher Scientific Inc
The report has segmented the market on the basis on region, type, end user
Breakup by Type:
- Class I
- Class II
- Class II Type A
- Class II Type B
- Class III
Breakup by End User:
- Pharmaceutical and Biopharmaceutical Companies
- Diagnostic and Testing Laboratories
- Academic and Research Institutions
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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