Biological Safety Cabinet Industry worth $0.4 billion by 2027, with a CAGR of 8.2%
The report "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 Institutes), and Region - Global Forecast to 2027", is projected to reach USD 0.4 billion by 2027 from USD 0.2 billion in 2022 growing at a CAGR of 8.2%.
Browse 107 market data Tables and 33 Figures spread through 160 Pages and in-depth TOC 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 Institutes), and Region - Global Forecast to 2027"
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Development of biosimilars boosting the market, government support for the development of protein drugs are among the other factors. Emerging economies such as India and Japan are providing lucrative opportunities for the players operating in the biological safety cabinet market.
The class II segment accounted for the largest share of the biological safety cabinet market, by type segment, in 2021
Based on type, the biological safety cabinet market is segmented into class I, class II and class III. The class II segment accounted for the largest share of the biological safety cabinet market, mainly due to the growth of biosimilar market.
Pharmaceutical and biopharmaceutical companies segment to register the highest growth rate during the forecast period
The biological safety cabinet market is segmented into pharmaceutical and biopharmaceutical companies, diagnostic and testing laboratories and academic research institutes based on type. In 2021, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the biological safety cabinet market. The large share of this segment can mainly be attributed to the investment in the biotech and pharmaceutical industry.
North America is the largest regional market for biological safety cabinet market
The global biological safety cabinet market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for biological safety cabinet market in 20201. The large share of North America in this market can be attributed to the governments support for research in the region.
The major players operating in this market are Thermo Fisher Scientific (US), Kewaunee Scientific (US), Labconco (US), Esco Micro (Singapore), The Baker Company (US), NuAire (US), Germfree Laboratories (US), Cruma (Spain), Air Science (US), Berner International (US), Azbil telstar (Spain), LaboGene (Denmark), Biolab Scientific (Canada), Lamsystems (Germany), Faster S.R.L (Italy), MRC Laboratory Equipment (Israel), Nanbei Instrument Limited (China), Thermolab (India), Labmate (UK), TopAir Systems, Inc. (US), Albian Group (Spain), Thomas Scientific (US), Zhejiang FUXIA Medical Technology Co. (China), Stericox (India).
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