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The Global Biological Safety Cabinet Market to Grow at a CAGR 7.36% from 2023 to 2028 - Arizton
global-biosafety-cabinets-market
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The recent outbreak of the infectious disease COVID-19 has had a profound impact worldwide, prompting heightened awareness of hygiene practices and safety measures. By 2021, the infection had affected over 663 million individuals globally, resulting in the tragic loss of over 6.7 million lives. This alarming situation has underscored the critical need for safety precautions and the establishment of facilities capable of handling testing samples and facilitating the production and distribution of vaccines.
Given the imperative of conducting tests in a secure and controlled environment, appropriate equipment is crucial for handling such samples. Among the essential equipment, biosafety cabinets play a vital role in safeguarding the operator, the samples, and the surrounding environment. These cabinets provide a protective barrier that ensures the safety of personnel, maintains sample integrity, and prevents contamination.
As a result, the demand for biological safety cabinets is anticipated to experience substantial growth during the forecast period. This heightened demand arises from the urgent requirement to address the challenges posed by the COVID-19 pandemic and underscores the importance of maintaining safety standards within the pharmaceutical industry and testing facilities.
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The Global Class I Biosafety Cabinets Market to Reach $32.58 Million By 2028
Class I biosafety cabinets are the most basic and rudimentary design. They are highly efficient when it comes to working with chemicals and powders. They operate with a negative pressure and draw in external air. They can be either ducted or ductless, which means that they can be connected to the external exhaust system of facilities. The airflow in class I biosafety cabinets is like that inside a chemical fume hood, but they are fitted with HEPA filtration, which contains aerosols from escaping. Hence, such propelling the growth of the class I biosafety cabinets market.
Key Insights
Increased contagious and infectious diseases drive the global biosafety cabinets market. This has helped to increase attempts to find medication, which requires biosafety cabinets during the procedures.
Biosafety cabinets are used based on the biosafety level of facilities, as different cabinets have different levels of protection.
North America accounted for the largest share of the globe biosafety cabinets market in 2022. This is attributed to a strong pharmaceutical industry presence, research, and diagnostic facilities.
Class II biosafety cabinets are the most preferred due to their versatility and wide application range.
The vendors in the biosafety cabinets market focus on product differentiation and invest heavily in R&D activities. These companies are investing in developing sustainable products to boost their revenues.
Integrating IoT with these biosafety cabinets is another considerable technological advancement that will generate significant demand during the forecast period across the globe.
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Increase in R&D Investments in the Pharmaceutical & Biopharmaceutical Industry Impacting the Market Growth
One of the main trends for the growth of the biosafety cabinet markets is the increase in R&D activities in the life sciences sector. The pharmaceutical industry invests in R&D with the scope of the resulting drug developed, reeking in the profits from investments. According to a European Pharmaceutical Research and Development study, the European pharmaceutical sector and related biomedical activities are one of the major contributors to the European Union economy.
The US is also one of the leading regions in the world, which is investing in R&D in the pharmaceutical sector. In 2020, the Department of Health and Human Services inaugurated Operation Warp Speed, a collaboration between the Centers for Disease Control and Prevention, Food and Drug Administration (FDA), and many others collaborated and through Biomedical Advanced Research and Development Authority were able to provide more than $19 billion in assistance to seven private pharmaceutical companies to develop and produce a vaccine or treatment for COVID-19. Along with these, the investment in R&D through federal funding for the National Institutes of Health in the past few decades has crossed $700 billion. Thereby the demand for biosafety cabinets is fueling tremendously.
Global Biosafety Cabinets Market Witnesses Intense Competition Driven by Innovation and Acquisition Strategies
The global biosafety cabinets market showcases a moderately fragmented landscape with numerous national and international participants, highlighting their relentless focus on innovation and product differentiation. These players strive to capture significant market shares by introducing new products with diverse capabilities, catering to a wide range of market needs. Substantial investments in research and development (R&D) have enabled companies to stay at the forefront of technological advancements.
To bolster their financial goals, market participants have also strengthened their after-sales service capabilities, further intensifying competition within the industry. Market experts anticipate this trend reaching new heights as industry-specific players develop advanced biosafety cabinets. Notably, international companies are expected to pursue inorganic growth by acquiring regional or local competitors and consolidating their market positions.
Favorable financial and technological capabilities will likely enable certain companies to pioneer the invention and launch of technologically integrated products. This could pose a potential threat to competitors, potentially rendering their existing products and services less competitive.
The biosafety cabinets market boasts many manufacturers catering to diverse industry requirements. With manufacturing processes varying based on class and specifications, these manufacturers are dedicated to meeting specific industry needs.
The highly competitive landscape of the biosafety cabinets market necessitates continuous innovation and strategic maneuvers by industry players to maintain their market positions and meet evolving customer demands.
Key Company Profiles
Thermo Fisher
Kewaunee Scientific
Esco Lifesciences Group
The Baker Company
Azbil Group
NuAire
Labconco
Germfree Laboratories
Cruma
Suzhou Antai Airtech Co Ltd
Qingdao Haier Biomedical
Air Science
Berner International
Contained Air Solutions
Bioevopeak
Photon cleantech Inc
Market Segmentation
Product Type
Class I
Class II
Class II A1
Class II A2
Class II B1
Class II B2
Class II C1
Class III
End-User
Pharmaceutical & Biopharmaceutical Companies
Diagnostic Laboratories
Academic Research Institutes
Distribution Channel
Offline
Online
Geography
North America
The US
Canada
Europe
Germany
The UK
France
Italy
Spain
APAC
China
Japan
India
Australia
Middle East & Africa
Saudi Arabia
South Africa
The UAE
Latin America
Brazil
Mexico
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
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