Stratview Research has published a new report titled “Biological Safety Cabinet Market” which is segmented by Type (Class I, Class II [Class II Type A, Class II Type B], Class III), by End-Use (Pharmaceutical & Biopharmaceutical Companies, Diagnostics & Testing Laboratories, Academic and Research Organizations), by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the Biological Safety Cabinet Market is expected to grow from USD 208.20 Million in 2022 to USD 322.97 Million by 2028 at a healthy CAGR of 7.59% during the forecast period of 2023-2028.
A Biological Safety Cabinet, also known as a biosafety cabinet (BSC) or microbiological safety cabinet is a ventilated laboratory workspace for working safely at a defined biosafety level, with the materials contaminated by pathogens.
The major purpose of biological safety cabinets is to protect the laboratory worker as well as the surrounding environment from harmful pathogens. It predominantly is used for the containment of infectious pathogens and hazardous chemicals while working on research.
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This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on type, the biological safety cabinets market has been categorized into Class I, Class II, and Class III.
Among these, Class II garnered the highest market share of over 40% in 2020 and is projected to register a healthy CAGR during the forecast period. It offers complete protection and is mainly used in basic research activities. Moreover, it offers protection for products, personnel, as well as the environment.
Which Region is expected to remain the largest market?
Geographically, North America witnessed the largest market share of around 34% and is estimated to grow at a robust CAGR during the review period. This is mainly attributed to the presence of well-established healthcare companies, strong funding for R&D activities, a strong base of vaccination and epidemiology centers, and the rising prevalence of epidemics. In addition, rising incidences of chronic diseases and the quick adoption of advanced technologies, in the region further contribute to the regional market growth.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players acting in the Biological Safety Cabinet Market:
Thermo Fisher Scientific, Inc. (The U.S.)
Laboconco Corporation (The U.S.)
Nuaire Inc. (The U.S.)
The Baker Company (The U.S.)
Azbil Telstar (Spain)
Jinan Biobase Biotech (China)
Germfree laboratories (The U.S.)
Air science Inc. (The U.S.)
HAIER BIOMEDICAL (The U.S.)
CRUMA S.A (Spain)
Key questions answered by the report.
What is the projected CAGR for revenue from the Biological Safety Cabinet market during the forecast period?
What would the market be valued at by 2028?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Biological Safety Cabinet market?
Which are the major market players?
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