The global biological safety cabinet market outlooks is anticipated to grow at a favourable 7.6% CAGR between 2022-2030, according to the new report by Market Research Future (MRFR). Simply speaking, biological safety cabinets are enclosed, ventilated laboratory equipment that provides security when handling contaminated or biohazardous items. Generally speaking, it is divided into categories based on exhaust systems, speeds, airflow patterns, and construction. HEPA filters are included in biological safety cabinets to maintain the environment’s sterility around biohazardous goods.
Several reasons are fueling the expansion of the global market for biological safety cabinets. These and other factors are listed in the new MRFR report, along with growing investments in the life sciences and medical sector, the pharmaceutical and biotechnology industries’ boom, the adoption of novel research setup products, the need for laboratory modernization to reduce human effort, growing research and development activities, and supportive regulations.
On the other hand, high prices and the availability of substitutes are factors that could restrain the growth of the global biological safety cabinet market over the anticipated period. Additionally, the COVID-19 outbreak’s social isolation and lockdown caused a temporary stoppage of several industries, which negatively hindered the market’s expansion.
Leading profiled global biological safety cabinet market players include
Azbil Telstar (Spain)
Berner International (U.S.)
Air Science (U.S.)
Germfree Laboratories (U.S.)
Kewaunee Scientific (U.S.)
The Baker Company (U.S.)
Esco Micro (Singapore)
Thermo Fisher Scientific (U.S.).
The MRFR report gives an inclusive segmental analysis of the global biological safety cabinet market share based on end user, application, and type.
By type, the global biological safety cabinet market is segmented into class I, II, and III. The class II segment is again segmented into class II type A & type B. Of these, the class II segment will lead the market over the forecast period.
By application, the global biological safety cabinet market is segmented into academic, research and development, and industrial.
By end user, the global biological safety cabinet market is segmented into diagnostic & testing laboratories, pharmaceutical & biotechnology companies, and others. Of these, the pharmaceutical and biotechnology companies will dominate the market over the forecast period.
Based on the region, the global biological safety cabinet market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa. Of these, the Americas will spearhead the market over the forecast period. The presence of eminent industry players in the region and well-established healthcare sector, expanding pharmaceutical sector, and the growing elderly population is adding to the region’s biological safety cabinet market growth. Additional factors adding market growth include high economic development and surging need for advanced healthcare facilities.
The global biological safety cabinet market in Europe is predicted to hold the second-largest share over the forecast period. The presence of developed economies like Germany, Spain, Italy, and the UK is adding to the global biological safety cabinet market growth in the region.
Over the course of the forecast period, it is expected that the Asia Pacific region would witness rapid growth in the market for biological safety cabinets. The expansion of the worldwide biological safety cabinet market in the region is being fueled by rising government funding for biotechnology as well as booming demand from many emerging economies like Japan, India, and China in the pharmaceutical, life-science, and biotechnology industries.
Because of its low per capita income and the presence of underdeveloped economies in Africa, the MEA is expected to have the smallest proportion of the global market for biological safety cabinets throughout the forecast period. In the meantime, the Middle Eastern market will hold a sizable portion.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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