The Global Biological Safety Cabinet Market is anticipated to witness growth of a steady CAGR in the forecast period, 2024-2028. It can be ascribed to the rising risk of communicable diseases and increasing research and development activities in biotechnology and pharmaceutical companies. Biological Safety Cabinets is also known as biosafety cabinets. It is an enclosed ventilated workspace that enables safety working with elements contaminated with pathogens, which requires a designated biosafety level. The other factors supporting the market’s growth are the growing demand for personalized medicine for the treatment of chronic diseases, and the growing aging population with chronic diseases. Moreover, the rise in the research and development activities in the medical sector and the rise in the adoption of various new technology are the contributing factors to the growth of the market. On May 13th, 2019, Thermo Fisher Scientific Launched Biological Safety Cabinets of Class II that helped in the development of the optimization of preventing contamination and also for the protection of the information and its management.
Increasing chronic diseases across the globe
Rapidly increasing chronic diseases across the globe and more than 30 million people died each year, this, in turn, is expected to enhance the demand for novel drugs which will create lucrative growth during the forecast period. Increasing concerns for proper handling and management of patient samples to take a huge number of experiments and investigations to develop antidotes and vaccines to fight infectious diseases need a sterilized place which is expected to create lucrative growth over the years. These cabinets are basically used for regulating and disinfecting the workplace which is likely to fuel the industry expansion over the years. SARS, MERS, Ebola, chikungunya, avian flu, swine flu, zika, and, most recently, COVID-19 are among the 40 infectious diseases discovered since the 1970s. In the US, 613 million doses have been given so far. During the last week, shots were administered at an average rate of 30,866 doses a day. The increasing number of chronic illnesses. and infectious diseases are also presenting a lucrative opportunity for the growth of the Biological Safety Cabinet industry. A recent study from the World Health Organization has estimated that there were over 10 million people affected by tuberculosis with over 1.1 million children affected by the condition. Such estimates have stimulated the growth of the pharmaceutical and biotechnology industry across the globe, which has significantly affected the growth of the industry.
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The growing number of biopharma industries propel the market growth
The growing usage of different, biological safety cabinets, for maintaining the quality of the products as well as research and development activities are expected to enhance the demand for biological safety cabinets across the region. Pharmaceutical companies are focusing on the microbiological quality of drugs and the quality of medicines is crucial for efficacy and patient safety. So, the regulations and laws are imposed strictly regarding quality control. The microbiological contamination could affect the patient’s health and create health issues such as cancer or other health issues. These factors are creating a lucrative opportunity for the growth of the industry.Moreover, increasing research in the medical sector for improving the business of the biological safety cabinet is further anticipated to boost the growth of the market over the years. These biological safety cabinet used for such tests is a simple way of preventing contamination. Therefore, demand for the cabinet industry for biological protection is expected to rise as investments increase, accompanied by life sciences growth. Azbil Telstar introduced the BiOptima Class II safety cabinets in 2019, which have improved operating systems for cytotoxic handling, as well as extremely efficient HEPA filters that are both energy-saving and easy to use.
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Market Segmentation
The Global Biological Safety Cabinet Market is segmented into type, end user, and region. Based on type, the market can be segmented into Class I, Class II, and Class III. Based on the end user, the market can be segmented into Pharmaceutical & Biopharmaceutical Companies, Diagnostics & Testing Laboratories, and Academic & Research Organizations. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the growing demand for personalized medicine in the country.
Market Players
Thermo Fisher Scientific, Inc., Labconco Corp. , NuAire, Inc. , The Baker Company, Inc., Haier Biomedical (Qingdao Biomedical Co., Ltd.) , Cruma S.A. , Jinan Biobase Biotech Co. Ltd., Azbil Telstar, Germfree Laboratories, Inc., Air Science, Inc. are some of the leading players operating in the global biological safety cabinet market.
Report Scope:
In this report, the global biological safety cabinet market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Biological Safety Cabinet Market, By Type:
o Class I
o Class II
o Class III
· Biological Safety Cabinet Market, By End User:
o Pharmaceutical & Biopharmaceutical Companies
o Diagnostics & Testing Laboratories
o Academic & Research Organizations
· Biological Safety Cabinet Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ Germany
§ United Kingdom
§ Italy
§ Spain
o Asia Pacific
§ China
§ India
§ Japan
§ South Korea
§ Australia
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Biological Safety Cabinet Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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COVID-19 Impact Analysis on Biological Safety Cabinet Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Biological Safety Cabinet include Thermo Fisher Scientific, Inc., NuAire, Inc., The Baker Company, Inc., Jinan Biobase Biotech Co. Ltd., Air Science, Inc., Cruma S.A, Azbil Telstar, Germfree Laboratories, Inc., Haier Biomedical (Qingdao Biomedical Co., Ltd.), and Labconco Corp..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Biological Safety Cabinet Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/biological-safety-cabinet-market/download-sampleMarket SegmentationThe broad Biological Safety Cabinet has been sub-grouped into the Product Type, End-User and Region.
The report studies these subsets with respect to the geographical segmentation.
Growth in the biological safety cabinets market is mainly driven by factors such as favorable regulations, increased risk of pandemics and communicable diseases, and pharmaceutical companies, and rapid growth in the number of biologics.The biological safety cabinets market is projected to reach USD 205.9 Million by 2022 from USD 144.3 Million in 2017, at a CAGR of 7.4% during the forecast period.Market is segmented into Class I, Class II, and Class III biological safety cabinets.
The Class II biological safety cabinets market is expected to grow at the highest CAGR during the forecast period.
The primary reason for this is the high level of protection offered by these cabinets against infectious agents and the increase in the number of biologics used to treat various diseases.The global biological safety cabinets market is categorized on the basis of end users into pharmaceutical & biopharmaceutical companies, diagnostic and testing laboratories, and academic & research institutions.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60228904 The highest CAGR during the forecast period is likely to be registered by the pharmaceutical & biopharmaceutical companies segment.
This is primarily due to the increasing number of research and development activities and the need to ensure the safety of laboratory personnel.The development of efficient and reliable alternatives to biological safety cabinets such as the compounding isolators pose a major restraint to the growth of the global biological safety cabinets market.
In addition, the high cost of the biological safety cabinets limits the uptake of these systems and is likely to restrain the market to a certain extent.Region Covered in Biosafety Cabinet MarketGeographic segments in this report include North America, Europe, Asia Pacific, and RoW.
In 2017, North America held the largest share of the market.
Biological safety cabinets market are also called as biosafety cabinet (BSC) or microbiological safety cabinets which are ventilated laboratory workspace for working safely at a defined biosafety level, with materials contaminated by pathogens.
The main purpose of biological safety cabinets is to protect the laboratory worker and the surrounding environment from harmful pathogens.
They helps to work safely with infectious microorganisms but they also requires consistent use of good microbiological practices.
They avoid biological exposure to personnel and the environment.
The biosafety cabinets may also prevent experimental material from being contaminated when appropriate practices and procedures are followed.
Biological Safety Cabinet Market is expected to reach USD 276.24 million by 2025, from USD 148.58 million in 2017 growing at a CAGR of 8.06% during the forecast period of 2018 to 2025.
