Global Biological Safety Cabinet to Surge at a Robust Pace in Terms of Revenue Over 2025
The Infinium Global Research analyzes the Biological Safety Cabinet Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global biological safety cabinet market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of biological safety cabinet. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the biological safety cabinet market during the period. The global biological safety cabinet market is projected to grow at a CAGR of 7.9% over the forecast period of 2019-2025.
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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 lab technician and laboratory environment from the pathogens. Biological safety cabinet is equipped with HEPA filters to provide clean air and ultraviolet (UV) light to kill the pathogens in the biosafety workstation before use. Biological safety cabinets play a vital role in research institutes, biotech and pharma industries.
New Biological Drug Development Increasing the Demand of Biological Safety Cabinet Market
The biological safety cabinet market is expected to grow with a significant rate in the forecast period. Increasing research and development activities is one of the major factors driving the growth of the market. Growing research activities such as new biological drug development, the test of cytopathic effect of viruses and other pathogens on cell culture cells and maintenance of pathogenic bacterial strains on agar media require a controlled working area, thus increasing 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. Rising demand for biological drugs is swelling the number of biological drug manufacturers in the market. Additionally, stringent regulations by the FDA and WHO for public health safety has made it compulsory to use biosafety cabinets for the research and manufacturing purpose. 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.
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Biopharmaceutical Companies Lead the Segment During the Forecast Period
The biological safety cabinet market is segmented based on type and end-user. Based on the type market is further sub-segmented into class I, class II, and class III. The class II segment is further divided into class II type A and class II type B biological safety cabinet. Based on the end-user market, segmented into pharmaceutical and biopharmaceutical companies, diagnostics and testing laboratories and academic and research organizations. Biopharmaceutical companies lead the segment, high demand for biosafety cabinets for the biological drug manufacturing contributing to the growth of the market.
North America Holds the Highest Share of the Global Market
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 with 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.
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Biological Safety Cabinet Market: Competitive Landscape
key players in the market are 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 others. Thermo Fisher Scientific, Esco Biotech Pvt. Ltd., Labconco and The Baker Company are the leading biological safety cabinet producer in the market.
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=> Comprehensive analysis of global as well as regional markets of the biological safety cabinet.
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=> Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus on investing, consolidate, expand and diversify.