Global Biological Safety Cabinet Market growing at a CAGR of 8.2% from 2023 to 2031
Category : Pharmaceuticals And Healthcare | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the biological safety cabinet market is predicted to grow at a compound annual growth rate of 8.2% from 2023 to 2031 and is expected to reach USD 357.30 million in 2031 and 189.72 million in 2023 which was valued at USD 176.25 million in 2022.
The report highlights the rising incidence of infectious as well as viral diseases across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the biological safety cabinet market.
Global Biological Safety Cabinet Market By Overview
The biological safety cabinet market is bifurcated into the product type and end-user industry. Based on the product type, the market is segmented into class I, class II (type A and type B), and Class III. The class II segment is further bifurcated into type A and type B. In 2022, the class II segment dominate the overall biological safety cabinet market. Based on end-user industry, the market is segmented into pharmaceutical and biopharmaceutical, laboratories, diagnostic and testing laboratories, academic and research institutions, hospitals, and others. In 2022, the pharmaceutical and biopharmaceutical segment dominate the overall biological safety cabinet market.
Get Free SampleMarket Dynamics
Driver:
- Rising incidence of infectious as well as viral diseases
- Growing adoption of safety practices across pharmaceutical and biotechnology research laboratories.
Restraints:
- High cost of biological safety cabinets
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Class I, Class II (Type A and Type B), and Class III |
| By End-user Industry | Pharmaceutical and Biopharmaceutical, Laboratories, Diagnostic and Testing Laboratories, Academic and Research Institutions, Hospitals, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Thermo Fisher Scientific, Esco Micro, Labconco, and The Baker Company, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the biological safety cabinet market is expected to witness substantial growth in the coming years due to growing investments in research and development activities across healthcare and pharmaceuticals sector in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Thermo Fisher Scientific
- Esco Micro
- Labconco
- The Baker Company
- Kewaunnee Scientific
- NuAire
- GermFree Laboratories
- Cruma
- Air Science
- BIOBASE
- Haier Biomedical