Biological Safety Cabinets Market worth $0.4 billion by 2027 - Exclusive Report by MarketsandMarkets™

MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Chicago, Dec. 02, 2022 (GLOBE NEWSWIRE) -- According to the new market research report published by MarketsandMarkets, "Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic Research Institutes), and Region - Global Forecast to 2027", is projected to reach USD 0.4 billion by 2027 from USD 0.2 billion in 2022 growing at a CAGR of 8.2%.

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107 - Tables
33 - Figures
160 - Pages

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Scope of the Report:

Report Coverage

Details

Market Size

USD 0.4 billion by 2027

CAGR

8.2%

Historical Data

2020-2027

Base Year

2021

Forecast Period

2022-2027

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, By End User, By Region

Geographies Covered

North America, Europe, Asia Pacific, Latin America and Middle East & Africa

Key Companies Profiled/Vendors

Thermo Fisher Scientific (US), Kewaunee Scientific (US), Labconco (US), Esco Micro (Singapore), The Baker Company (US), NuAire (US), Germfree Laboratories (US), Cruma (Spain), Air Science (US), Berner International (US), Azbil telstar (Spain), LaboGene (Denmark), Biolab Scientific (Canada), Lamsystems (Germany), Faster S.R.L (Italy), MRC Laboratory Equipment (Israel), Nanbei Instrument Limited (China), Thermolab (India), Labmate (UK), TopAir Systems, Inc. (US), Albian Group (Spain), Thomas Scientific (US), Zhejiang FUXIA Medical Technology Co. (China), Stericox (India)

Key Market Opportunities

Emerging market offers lucrative growth opportunities

Key Market Drivers

Favorable regulations

Increased risk of pandemics and communicable diseases is the major factors driving the biological safety cabinet market’s growth.

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Based on type, the biological safety cabinets market is segmented into class I, class II and class III. In 2021, the class II segment accounted for the largest share of the biological safety cabinets market, mainly due to the rapid growth in number of biologics.

Based on end user, the biological safety cabinets market is segmented into pharmaceutical and biopharmaceutical companies, diagnostic and testing laboratories and academic research institutes. In 2021, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the biological safety cabinets market. The large share of this segment can mainly be attributed to the growing concerns over cell culture contamination.

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Geographical Growth Scenario:

The global biological safety cabinets market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for biological safety cabinets market in 2021. The large share of North America in this market can be attributed to the favorable regulations.

Key Players:

The major players operating in this market are Thermo Fisher Scientific (US), Kewaunee Scientific (US), Labconco (US), Esco Micro (Singapore), The Baker Company (US), NuAire (US), Germfree Laboratories (US), Cruma (Spain), Air Science (US), Berner International (US), Azbil telstar (Spain), LaboGene (Denmark), Biolab Scientific (Canada), Lamsystems (Germany), Faster S.R.L (Italy), MRC Laboratory Equipment (Israel), Nanbei Instrument Limited (China), Thermolab (India), Labmate (UK), TopAir Systems, Inc. (US), Albian Group (Spain), Thomas Scientific (US), Zhejiang FUXIA Medical Technology Co. (China), Stericox (India).

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