Biological Safety Cabinet Market

Thermo Fisher Scientific (US) and Esco Micro (Singapore) are the Leading Player in the Biological Safety Cabinet Market

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. As of 2016, Thermo Fisher Scientific (US), Esco Micro (Singapore), Labconco (US), and The Baker Company (US) dominated the biological safety market.

Thermo Fisher Scientific was a dominant player in the biological safety cabinets market in 2016. The company focused on acquisitions to sustain its leading position in the market, expand its product portfolio, gain access to new technologies, and increase its customer base. For instance, in September 2015, the company acquired Alfa Aesar (UK), a manufacturer of research chemicals. With this acquisition, the company expanded its existing product portfolio of reagents, chemicals, and solvents. This innovation-centered company also invests significantly in R&D activities to launch innovative and advanced products in the market. The company invested USD 888 million, USD 755 million, and USD 692 million for research and development in 2017, 2016, and 2015, respectively.

Esco Micro is another leading player in the biological safety cabinets market. The company invests significantly in R&D activities to introduce innovative and advanced products in the market. It aims to strengthen its market position by collaborating with other companies to enhance its presence in high-growth markets. For instance, in 2017, ESCO collaborated with Waken Company (Japan) to deploy ESCO’s Streamline Class II Type A2 biological safety cabinet (Esco SC2-4A7) in the country. Similarly, in 2017, the company installed its cGMP Flowhoods biological safety cabinets in Beximco Pharmaceuticals (Bangladesh).

Labconco is a key player in the biological safety cabinets market. The company focuses on developing products that are safe, easy-to-use, and comply with the industry standards. Labconco pursues the strategy of product launches and enhancements to cater to the growing demands of its customers and further strengthen its dominance in the market. For instance, in 2016, Labconco launched its RXPert Double HEPA filtered balance enclosure. Similarly, in 2015, the company launched the Purifier Axiom Class II Type C1 biological safety cabinet.

The Baker Company is a leading provider of contamination control equipment. The company offers Class II (A2, B1, B2), and Class III biosafety cabinets and supplies its products to biotechnology, pharmaceutical, and clinical & medical industries. It focuses on interactive webinars and presentations to showcase its products to potential clients and increase its customer base. For instance, in 2015, the company organized an interactive webinar to demonstrate innovation in biological safety cabinets with respect to design, efficiency, and ergonomics. Similarly, in January 2017, the company organized another webinar to demonstrate the use of Class II Type A2 biological safety cabinets in handling volatile compounds.

Related Reports:

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

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Report Code
MD 6299
Published ON
May, 2018
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