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Biological Safety Cabinet Market Set to Reach US$ 205.9 Million by 2024 - Key Players, Complete Overview and Growth Forecast

12-31-2018 12:02 PM CET | Health & Medicine

Press release from: ReportsnReports

Biological Safety Cabinet

Biological Safety Cabinet

Access Sample Papers of Biological Safety Cabinet Market study report spread across 114 Pages, Profiling 12 Companies and Supported with 61 Tables and 28 Figures is now available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1516305 .

Growth in biological safety cabinets market primarily driven by factors such as favorable regulations driving use of biological safety cabinets in healthcare industry, increased risk of pandemics & communicable diseases, increasing number of R&D activities in biotechnological & pharmaceutical companies, & rapid growth in number of biologics.

The biological safety cabinets market is projected to reach USD 205.9 Million by 2022 from USD 144.3 Million in 2017, at a CAGR of 7.4% during the forecast period. Growth in the biological safety cabinets market is mainly driven by factors such as favorable regulations, increased risk of pandemics and communicable diseases, and pharmaceutical companies, and rapid growth in the number of biologics.

The global biological safety cabinets market is categorized on the basis of end users into pharmaceutical & biopharmaceutical companies, diagnostic and testing laboratories, and academic & research institutions. The highest CAGR during the forecast period is likely to be registered by the pharmaceutical & biopharmaceutical companies segment. This is primarily due to the increasing number of research and development activities and the need to ensure the safety of laboratory personnel.

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Geographic segments in Biological Safety Cabinet market report include North America, Europe, Asia Pacific, and RoW. In 2017, North America held the largest share of the market. The large share of the North American segment can be primarily attributed to the increasing biomedical research and R&D by pharmaceutical companies in that region, growing stem cell research, government support for research in the US, and government support for the development of protein drugs in Canada.

Major market players in biological safety cabinets market include Thermo Fisher Scientific (US), Esco Micro (Singapore), Labconco (US), The Baker Company (US), Kewaunee Scientific (US), NuAire (US), Germfree Laboratories (US), EUROCLONE (Italy), Cruma (Spain), Air Science (US), Berner International (Germany), and BIOBASE (China).

The report analyzes the biological safety cabinets market and aims at estimating the market size and future growth potential of this market based on various segments such as type, end user, and region. The report also includes the competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.

Access 22% Discount on “Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic & Research Institution) - Global Forecast to 2022” report at http://www.reportsnreports.com/contacts/discount.aspx?name=1516305 .

Global biological safety cabinets market is segmented into pharmaceutical & biopharmaceutical companies, diagnostic & testing laboratories, and academic & research institutions. The pharmaceutical & biopharmaceutical companies segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for drug development and the need to ensure the safety of laboratory personnel.

The biological safety cabinets are also called as biosafety cabinet (BSC) or microbiological safety cabinets which are ventilated laboratory workspace for working safely at a defined biosafety level, with materials contaminated by pathogens. The main purpose of biological safety cabinets is to protect the laboratory worker and the surrounding environment from harmful pathogens. They helps to work safely with infectious microorganisms but they also requires consistent use of good microbiological practices.

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