Global Biological Safety Cabinet Market
Global Biological Safety Cabinet Market Size Expanding to Reach USD 319 Million by 2029
Published | 09 February 2023
The global biological safety cabinet market is gaining traction because of the increasing number of biotechnology and pharmaceutical companies, the rise in the prevalence rate of infectious diseases, and favourable government regulations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global biological safety cabinet market size at USD 189.37 million in 2022. During the forecast period between 2023 and 2029, the global biological safety cabinet market size is projected to grow at a CAGR of 7.78% reaching a value of USD 318.89 million by 2029. The frequency of infectious and zoonotic illnesses is increasing worldwide, and there has been an increase in the amount of research being done on the agents that cause these diseases as well as the methods used to treat them in both public and private institutions. The largest driver fueling the expansion of the global biological safety cabinet market is the pharmaceutical industry's increasing spending in vaccine research and development.
Global Biological Safety Cabinet Market – Overview
An enclosed, ventilated laboratory environment known as a biosafety cabinet, also as a biological safety cabinet, or a microbiological safety cabinet, is used for working safely with materials that are contaminated with pathogens and require a certain biosafety level. In the US, biosafety cabinets are divided into three classes: Class I, Class II, and Class III. Class I biosafety cabinets are rarely used and offer product protection as well as people and environmental safety. Cabinets that fall within classes II and III offer protection for people, the environment, and products.
Global Biological Safety Cabinet Market – By End User
Based on end user, global biological safety cabinet market is segmented into pharmaceutical and biotechnology companies, diagnostic and testing laboratories, and academic research institutes. The pharmaceutical and biotechnology companies account for the highest share of the market. The high percentage of this segment is attributed to the high investments by pharmaceutical companies in R&D activities for drug development and the adoption of advanced technologies and equipment. With the increasing prevalence of communicable diseases, diagnostic and testing laboratories are projected to register a high CAGR during the forecast period.
Impact of COVID-19 on the Global Biological Safety Cabinet Market
The COVID-19 pandemic affected the demand for biological safety cabinets globally. As SARS-CoV-2 started taking over the world, the research activities surrounding this virus and coronaviruses (family of virus) expanded for the prevention and drug development. Additionally, recommendations and regulations surrounding the safety of the researchers and workers working in laboratories also spiked post the pandemic. The facilities and equipment necessary to protect the lab staff while performing the tests must be present in the laboratories doing COVID-19 testing. The World Health Organization (WHO) advises handling COVID-19 samples in a Class II Biological Safety Cabinet that is properly maintained and certified (BSC).
Major players operating in the global Biological Safety Cabinet market include Thermo Fisher Scientific Inc., Esco Lifesciences Group Ltd., Labconco, Baker, Kewaunee International Group, NuAire, Germfree Laboratories Inc., Euroclone S.p.A., CRUMA, Air Science USA LLC, Berner International, Biobase Biodustry Co., Ltd, Erlab, ACMAS Technologies (P) Ltd., AirClean Systems Inc., AZBIL TELSTAR, S.L.U., Bassaire Limited, Germfree Laboratories, Inc, and Faster S.R.L. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Biological Safety Cabinet Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Biological Safety Cabinet Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Biological Safety Cabinet Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Class (Class I, Class II, Class III); By Application (Industrial, R&D, Academic); By End User (Pharmaceutical and Biotechnology Companies, Diagnostic and Testing Laboratories, Academic Research Institutes); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: February 2023
Increasing research on pathogens and illness treatments across private and government organizations, together with increased frequency of zoonotic and communicable diseases are expected to expand global biological safety cabinet market during the forecast period between 2023 and 2029.
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