In terms of revenue, the Global Biological Safety Cabinet Market is expected to reach USD 278.5 Million by 2028, growing at a CAGR (Compound Annual Growth Rate) of 7.70% from 2022 to 2028.
When handling potentially harmful microorganisms, users, the environment, and products are all protected from aerosols by ventilated enclosures known as biosafety cabinets. Through the use of a HEPA filter, the systems release airflow into the atmosphere. Biological Safety Cabinet have many advantages, including product protection to prevent sample contamination and individual protection from harmful agents inside the cabinet.
Key Developments in the Industry
· In May 2021, Labconco, a market pioneer in ventilation closures, introduced the improved Axiom Biosafety Cabinets.
· Telstar introduced BiOptima, a cutting-edge Class II Biological Safety Cabinet, in July 2019.
· Class II Biological Safety Cabinet (BSCs) were introduced by Thermo Fisher Scientific in May 2019. They were designed to maximise contamination prevention, information protection and management, and user convenience.
The demand for Biological Safety Cabinet is anticipated to grow globally at a significant CAGR over the projected period due to the expansion of the biotechnology and pharmaceutical industries as well as increased expenditure in the healthcare and life sciences fields. The biotechnology and pharmaceutical sectors use numerous Biological Safety Cabinet for various R&D projects, quality control operations, and other purposes. These changes in the expansion of the pharmaceutical business offer a positive backdrop for the industry by increasing the need for Biological Safety Cabinet.
Additionally, expanding life sciences research is enhancing the commercialization of the biological safety cabinet. Through experiments and techniques like tissue culture, microbial investigations, and other methods, life sciences are used in the scientific study of microorganisms, plants, and animals, including humans. Unfortunately, these actions are monotonous and easily susceptible to contamination. The causes of this can range from the use of contaminated media to improper care. One easy technique to avoid contamination is to employ biosafety cabinets to provide a clean platform for such tests. Consequently, it is anticipated that demand for biological protection cabinets would expand as investments rise and the life sciences advance.
In 2021, dominated the market and held largest share of the worldwide market. 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 n firms are investing heavily in research and development.
Over the forecast period, the 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, a shift in government policy in favor of supporting basic research and entrepreneurship.
The Global Biological Safety Cabinet Market is Segmented as follows
The global Biological Safety Cabinet Market is segmented based on product type and end user. Based on product type the global Biological Safety Cabinet market is divided into Class I, Class II, and Class III. On the basis of end user, the global Biological Safety Cabinet market is segmented into pharmaceutical and biopharmaceutical companies, diagnostics & testing laboratories, and academic & research organizations.
List of the Key Players of the Global Biological Safety Cabinet Market is
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), Air Science Inc. (US), Haier Biomedical (UK), Cruma S.A. (Spain)
The Global Biological Safety Cabinet Market Scope can be Tabulated as below
|Market Size Provided for Years
|2017 - 2030
|2017 - 2021
|2023 - 2030
|Regions & Counties Covered
|Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis