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Market report on Laboratory Fume Hoods

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Laboratory Fume Hoods Market: Introduction

·        Laboratory fume hoods are specialized self-contained enclosed workstations used to remove and/or filter out harmful and hazardous air to protect personnel from chemical fumes, particles, and vapors from laboratory environment

·        The primary application of laboratory fume hood is to protect laboratory personnel from the chemicals and substances that let off harmful fumes and odor

·        Laboratory fume hoods are available in different modalities based on the type of materials handled in labs and size of the lab. The most commonly used laboratory fume hoods are ductless fume hoods, chemical fume hoods, and biosafety cabinets.

·        Laboratory fume hoods are widely used in hospitals, diagnostic laboratories, and pharmaceutical & biotechnology companies

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Global Laboratory Fume Hoods Market: Key Drivers

·        The global laboratory fume hoods market is primarily driven by rapidly growing health care and biopharmaceutical industries across the globe. Laboratory fume hoods are integral part of any diagnostic laboratory, biopharmaceutical industry, and clinical research organization for handling different chemicals and biological samples.

·        Technological advancements in laboratory fume hoods, development of sample & end-user specific fume hoods, and rise in demand for laboratory fume hoods among different end-users across the globe are anticipated to drive the market during the forecast period

·        Increase in number of hospitals & diagnostic laboratories and research & development institutes; and growing pharmaceutical industry in emerging economies such as Brazil, India, China, and Russia are expected to propel the demand for laboratory fume hoods during the forecast period

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Chemical Fume Hoods Segment to Dominate Global Market

·        Based on product type, the global laboratory fume hoods market can be divided into chemical fume hoods, ductless fume hoods, ADA fume hoods, canopy fume hoods, biosafety cabinets, low flow fume hoods, walk in fume hoods, variable air fume hoods, and others. The chemical fume hoods segment is likely to dominate the global laboratory fume hoods market during the forecast period.

·        Chemical fume hoods are used in facilities where dangerous chemicals are handled. These fume hoods protect personnel as well as work environment by removing the hazardous fumes out from the work environment.

·        The biosafety cabinets segment can be sub-segmented into type I biosafety cabinets, type II biosafety cabinets, type III biosafety cabinets, and type IV biosafety cabinets. The biosafety cabinets segment is projected to grow at a rapid pace during the forecast period.

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Diagnostic Laboratories Segment to Dominate Global Market

·        In terms of end-user, the global laboratory fume hoods market can be segmented into hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, and academic & research institutes. The diagnostic laboratories segment is projected to dominate the global laboratory fume hoods market during the forecast period.

·        Large clinical sample volume for testing in diagnostic laboratories and hospitals and rapidly increasing number of diagnostic laboratories across the globe are likely to contribute to dominant share of the segment during the forecast period

Asia Pacific Laboratory Fume Hoods Market to Expand Rapidly

·        In terms of region, the global laboratory fume hoods market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period. However, the region is anticipated to lose market share by 2027.

·        High prevalence of various chronic as well as acute disorders among people in the U.S., technological advancements in laboratory fume hoods, and well-established health care and life science industry in the region are anticipated to drive the market in North America from 2019 to 2027

·        The laboratory fume hoods market in Asia Pacific is projected to expand at a high CAGR during the forecast period, owing to rapid increase in the number of hospitals & diagnostic laboratories, increase in health care access in densely populated countries such as China, India, South Korea, and Taiwan, and growth of the pharmaceutical and biotechnology industry.

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