Global biological safety cabinets market was worth USD 158.88 millions in 2019. It is projected to grow at a compound annual rate (CAGR of 7.5%) between 2020 and 2027. The purpose of biological safety cabinets is to contain infectious pathogens and hazardous chemicals, while conducting research. These cabinets can contain basic systems such as HEPA filters, Laminar Airflow and work stations, as well ventilated cabinets or exhausts. These cabinets must be certified to ISO standards.
The market's growth is driven by the rising incidence of chronic diseases and the growing demand for portable and wireless systems. The market is expected to be driven by the extensive R&D conducted by numerous pharmaceutical and biopharmaceutical companies, as well as favorable regulations. To conduct scientific research, it requires the right infrastructure and equipment. Therefore, ventilated biological safety cabinets are crucial to registering significant growth.
Safety and protection are essential when working with perilous volatile chemicals or pathogenic organisms. HEPA filters, UV lamps, laminar flow cabinets, and other components are part of biological safety cabinets. They provide protection by creating an environment that is safe for the researcher.
The increasing prevalence of chronic diseases such as Alzheimer's and respiratory disease has led to a surge in research. This has led to a greater demand for safety equipment. However, high prices for these products and the introduction of better and more reliable alternatives may hinder the market's growth.
In 2019, Product Class II was the most popular, accounting for more than 40%. These systems offer complete protection and are used extensively in basic research activities. There are three classes of product types: Class I, Class II, and class III. These products can be distinguished based on the biosafety level containment required for research. Class I protects only the environment and personnel. Class II protects personnel and product.
Class III provides maximum protection for research that involves radionuclides and pathogens. Their minimum inflow velocity and exhaust systems are the other important differences. From 2020 to 2027, the class II type will experience the fastest CAGR. Class II will likely see additional growth due to the availability of advanced operating software and portable accessories. Class I product type is anticipated to be the second-fastest-growing segment over the forecast period.
The largest share, at over 45%, was held by biopharma and pharmaceutical companies in 2019. The global market can be divided by end use into pharmaceuticals and biopharmaceutical, diagnostic & test laboratories, academic, research, and other companies.
Pharma and biopharma companies need a strong R&D department. They require advanced equipment and facilities. Federal Research and Development reports that $54,565 million was provided by the government to companies for scientific development. In the forecast period, significant growth is expected in the diagnostic and testing laboratory segment.
North America dominated the market in 2019, accounting for 32.7% global market share. It is expected that it will continue to hold its position as the market leader throughout the forecast period. The regional market is growing due to rising incidences of chronic disease, rapid adoption of advanced technologies and extensive R&D conducted by major North American companies.
Over the forecast period, the Asia Pacific region will experience the fastest CAGR. This can be attributed to rising domestic and international business spending, a large pool of skilled labor, and governments shifting towards promoting entrepreneurship and basic research.
Global markets are highly competitive. To retain market share, major companies have adopted business strategies such as geographic expansion, M&A and product launch. Azbil Telstar, for example, launched a new series of BiOptima class II safety cabinets in 2019. These cabinets feature advanced operating systems that allow for cytotoxic handling and highly efficient HEPA filters. They are also energy-efficient and easy to use. The market leader in biological safety cabinets is:
Thermo Fisher Scientific, Inc.
Labconco Corp.
NuAire, Inc.
The Baker Company, Inc.
Azbil Telstar
Jinan Biobase Biotech Co. Ltd.
Germfree Laboratories, Inc.
Air Science, Inc.
Haier Biomedical (Qingdao Biomedical Co. Ltd.
Cruma S.A.
Up Market Research published a new report titled “Biological Safety Cabinets Market research report which is segmented by End Use (Pharma & Biopharma Companies, Diagnostics & Testing Laboratories), by Product Type (Class I, II, III), By Players/Companies Azbil Telstar, Haier Biomedical (Qingdao Biomedical Co Ltd), Labconco Corp, Jinan Biobase Biotech Co Ltd, The Baker Company Inc, NuAire Inc, Thermo Fisher Scientific Inc, Cruma SA, Germfree Laboratories Inc, Air Science Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Biological Safety Cabinets Market Research Report |
By End Use | Pharma & Biopharma Companies, Diagnostics & Testing Laboratories |
By Product Type | Class I, II, III |
By Companies | Azbil Telstar, Haier Biomedical (Qingdao Biomedical Co Ltd), Labconco Corp, Jinan Biobase Biotech Co Ltd, The Baker Company Inc, NuAire Inc, Thermo Fisher Scientific Inc, Cruma SA, Germfree Laboratories Inc, Air Science Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 215 |
Number of Tables & Figures | 151 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End Use (Pharma & Biopharma Companies, Diagnostics & Testing Laboratories), by Product Type (Class I, II, III).
Biological Safety Cabinets Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Biological Safety Cabinets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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