Biological Safety Cabinet Market is Estimated to Grow at a CAGR of 7.9% from 2022 to 2028
As stated in our extensive report; the Global Biological Safety Cabinet Market accounted for USD 176.5 Million in the year 2021.
When conducting research, contagious bacteria and dangerous chemicals are primarily contained in Biological Safety Cabinets. Basic systems like HEPA filters, Laminar Airflow, workstations, ventilated cabinets, and exhausts are included in these cabinets. These safety cabinets must be ISO certified and adhere to international requirements.
The Global Biological Safety Cabinet Market is segmented based on Product Types, End Users, and Region. On the basis of other Product Types, the Global Biological Safety Cabinet Market is divided into Class I, Class II, and Class III. Furthermore, on the basis of End Users, the Global Biological Safety Cabinet Market is segmented into Pharmaceutical & Biopharmaceutical Companies, Diagnostics & Testing Laboratories, and Academic & Research Organizations. Likewise, based on the Region, the market is further segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
The increased prevalence of chronic diseases, an aging population, and the need for wireless and portable devices are major market growth drivers. The market is also anticipated to be driven by substantial R&D by numerous pharmaceutical and biopharmaceutical companies, as well as supportive laws. To conduct a scientific study, the right equipment and infrastructure are needed; as a result, ventilated Biological Safety Cabinets will be essential for tracking remarkable progress. The protection of the researcher and the surroundings is crucial while working with dangerous, volatile substances or pathogenic organisms. Therefore, HEPA filters, UV lights, laminar flow cabinets, and other parts that create a sterile environment and workstation are included in Biological Safety Cabinets.
The rising prevalence of chronic diseases like cancer, respiratory conditions, and Alzheimer’s has driven the need for better safety equipment. On the other hand, the high prices of these devices and the development of more dependable and efficient alternatives can restrain market expansion.
North America Region to Take Over the Market
In 2021, North America dominated the market and held 33.1% of the worldwide market share. It is anticipated to keep its dominant position throughout the predicted period. This is because the prevalence of chronic diseases is rising, new technologies are being adopted quickly, and big North America firms are investing heavily in research and development.
Over the forecast period, the Asia Pacific region is anticipated to see the quickest CAGR. This is due to increased investment by domestic and foreign businesses, a large pool of skilled people, and a shift in government policy in favor of supporting basic research and entrepreneurship.
Extensive R&D by Many Pharmaceutical and Biopharmaceutical Firms are the factors creating lucrative opportunities for the Biological Safety Cabinet Market.
Some of the key players in the Global Biological Safety Cabinet Market include- Thermo Fisher Scientific Inc. (US), Labconco Corporation (US), NuAire Inc. (US), The Baker Company Inc. (US), Azbil Telstar (Spain), Jinan Biobase Biotech Co. Ltd. (China), Germfree Laboratories Inc. (US) and others.