Biological Safety Cabinets Market Share to Record Steady Growth by 2024
Zion Market Research has published a new report titled “Biological safety cabinets Market by Product Type ( Class I, Class II and Class III) for Industrial, Academic and Research Applications: Global Industry Perspective, Comprehensive Analysis, and forecast, 2016-2022”. According to the report, the global biological safety cabinets market was valued at approximately USD 136.4 million in 2016 and is expected to generate revenue of around USD 207.7 million by 2022, growing at a CAGR of 7.26% between 2017 and 2022.
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Biological safety cabinets are an enclosed laboratory space specially designed with HEPA ( High-Efficiency Particulate Arrestance) filters to keep the workspace and environment clean and free from harmful pathogens and bacteria. These cabinets allow an individual to work safely with the biohazardous material in the enclosed atmosphere with maintained conditions. Biological safety cabinets play an important role in life science, biotechnology and pharmaceutical industry to carry out research for drug discovery which helps in the treatment of diseases or to develop any new vaccine against the disease. These cabinets are also used for academic and research purposes in the institute.
Global biological safety cabinets market is driven by an increase in R&D, modernization and atomization in research laboratories, and increase in healthcare facilities. Modernization and atomization in laboratories reduce the human efforts, errors and output time. There is constant development in biological safety cabinets over a period of time which makes working easier, comfortable, and safe due to the features such as adjustable height stand, energy efficient, and factory installed UV and others. There is always a demand for a new and innovative product which leads to the increase in research lab setup which in turn fuels growth the biological safety cabinets.
The Biological safety cabinets market is segmented on the basis of different product types such as Class I, Class II and Class III. Class II biological safety cabinets are expected to grow at fastest rate in the global biological safety cabinets market.
Industrial, academic, and research are the key applications of biological safety cabinets market. Industrial segment is expected to dominate the market over the forecast period.
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North America, Europe, Asia Pacific, Latin America, Middle East and Africa are key regional segments of the global biological safety cabinets market. Europe is expected to dominate the lab equipment market over the forecast period closely followed by North America and Latin America due to increased economic growth, increase in research and healthcare facilities. Asia Pacific is expected to experience a moderate growth lab equipment market because of emerging economies such as India, China and Japan due to the constant increase in pharmaceutical, biotechnology and life science industry. The Middle East and Africa are expected to experience a considerable growth over the forecast period.
Some of the key players in biological safety cabinets market include Erlab, Thermo fisher Scientific Inc., Labconco, AirClean Systems Inc., Germfree, Cruma, Azbil Telstar S.L, and Polypipe, The Baker Company and ACMAS Technologies Pvt Ltd among others.
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This report segments the global biological safety cabinets market as follows:
Global Biological Safety cabinets market: Product Type Segment Analysis
- Class I
- Class II
- Class III
Global Biological Safety Cabinets Market: Application Segment Analysis
Global Biological Safety Cabinets Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa