Biological Safety Cabinet Market 2018 - 2025: Worldwide Market Size, status, Revenue, growth rate, CAGR % with Future Analysis

During the last decade, there has been an upsurge in investment in R&D activities of life sciences. This has resulted in advancement and expansion of research facilities. Biological safety cabinet, popularly known as biosafety cabinets, is an enclosed and ventilated laboratory workspace. These cabinets provide protection against bio-hazardous materials. These cabinets are equipped with high-efficiency particulate arrestance (HEPA) filters. These filters help to maintain the sterility of the environment from bio-hazardous elements. Bio-safety cabinets are designed in such a way that handling of hazards can be done safely.

The increasing investment in research on life sciences is the major driving force of the market. The majority of the biosafety cabinets are utilized by pharmaceutical and biotechnological sector. The government of the U.K is releasing £3 million of new funding through Innovate UK to help accelerate the integration of cell and gene therapies into health services after regulatory approval. Additionally, the growing concern towards the security of research personnel and products also provide the favorable condition for the growth of the market.

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However, the cost of bio-safety cabinets is very high. The price of a cabinet from Thermo Fisher, a bio-safety producing company is estimated to range from USD 9,500 to USD 12,000. The high price of cabinet encourages customers to use alternatives. It is a major hindrance to the growth of the market.

Nevertheless, with growing advancement and addition of new features in cabinets, the market is expected to show healthy growth in coming future. The researchers are trying to make the cabinet more user friendly. These cabinets now come up with a digital interface that makes it easy to operate.

Regional Analysis:
The global Biological Safety Cabinet market is regionally segmented into five segments: North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
North America is expected to dominate the global bio-safety cabinets. This is attributed to their advancement in technology and rising investment in research especially health care.

According to the International Trade Administration, in 2016, the U.S. pharmaceutical industry added an estimated worth of USD 790 billion to the economy in 2014.

Europe is expected to capture the second last share of the market, followed by the Asia Pacific. The huge pharmaceutical market in the region and presence of key players in the region is the major for driving force for the European market.

Asia Pacific region is expected to show the fastest growth in the forecast period, attributed to rising investment in the healthcare sector. The demand for safety cabinets is also rising in the region for clinical research. Additionally, China is one of the major producers of these cabinets.

LAMEA region is expected to show the slowest growth during the forecast period, owing to lack of research infrastructure. But, the growing investment in the healthcare sector is expected to propel the growth of the market.

Key players:
Thermo Fisher Scientific, Labconco, Cruma, Air Science, Berner International, BIOBASE, The Baker Company, Kewaunee Scientific, NuAire, Germfree Laboratories, Esco Micro, Azbil Telstar are the key players of the society.

In April 2018, Thermo Fisher Scientific developed a cloud-enabled biological safety cabinet (BSC). This cabinet has been specifically designed to address the need for uncompromised contamination control, flawless workflow connectivity and higher ease of use in cell culture or tissue culture laboratories.

Global Market Segmentation:
By Type:
Class I
Class II
Type A
Type B
Class III

By Application:
Industrial
Research and development
Academic
Others

By End User:
Pharmaceutical and biotechnology companies
Diagnostic and testing laboratories
Others

Regions Covered:
•North America (U.S and Canada and rest of North America)
•Europe (Germany, France, Italy and Rest of Europe)
•Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
•LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)

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This release was published on openPR.