Global Biological Safety Cabinet Market Overview
The key driver impacting the biological safety cabinet market is the growing prevalence of chronic diseases, such as respiratory diseases, cancer, and Alzheimer's, which has increased research, thus driving the requirement for advanced safety equipment. For instance, about 50 million people have dementia globally, and there are almost 10 million new cases annually. Alzheimer's disease is the one of the most common dementia form and may contribute to 60–70% of cases. In addition, dementia is among the main causes of dependency and disability among older people worldwide. Also, an increased risk of pandemics and communicable diseases is estimated to create huge market demand. Moreover, favorable regulations driving biological safety cabinets in the healthcare industry contribute to Biological safety cabinet market demand later.
According to Value Market Research, the global biological safety cabinet market size was valued at about USD 172.8 million in 2019 and is expected to grow at a CAGR of around 8% during the forecast period 2021 to 2027.
The increasing number of R&D activities in biopharmaceutical and pharmaceutical companies will likely augment the need for a biological safety cabinet in the forecast period. Also, there is a rapid growth in the number of biologics, positively impacting the market growth. However, alternative containment cabinets hinder the market in the long run. In addition, the high cost of biological safety cabinets is negatively impacting the market growth. Even so, the rise in adoption of IIoT and cloud technologies with increasing Partnerships of cloud service providers and platform providers might provide massive market opportunities to the market's key players.
The Biological safety cabinet market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players taken in the report are Thermo Fisher Scientific, Inc., NuAire, Inc., The Baker Company, Inc., Jinan Biobase Biotech Co. Ltd., Air Science, Inc., Cruma S.A, Azbil Telstar, Germfree Laboratories, Inc., Haier Biomedical (Qingdao Biomedical Co., Ltd.), and Labconco Corp.
In this research report, the Biological safety cabinet market is segmented by product type, end-user, and region.
Analysis by Product Type:
By product, the report is segmented into Class I, Class II, and Class III. The Class II segment dominates the product segment with the highest market share of 42% in 2020. It is because these systems provide complete protection and are widely used in basic research activities. Moreover, These products are differentiated on the basis of bio-safety level containment that is required during research contributing to the device management segment's growth in the forecast period.
Analysis by End-User:
By end-use, the report is categorized into pharmaceutical and biopharmaceutical companies, diagnostics & testing laboratories, and academic & research organizations. The Pharma and biopharma segment dominates the endues segment with the highest market share of 46%. It is due to the increasing number of research and development activities and the need to ensure the safety of laboratory personnel. Moreover, pharmaceuticals and biopharma companies need a robust R&D facility that requires advanced equipment and facilities to contribute to the pharmaceutical and biopharmaceutical industry segment growth.
Analysis by Region:
In the regional outlook of the global Biological safety cabinet market, the North America region dominates with the largest market share of 33% in 2020. It is due to the growing incidences of chronic diseases and the early adoption of advanced technologies. Also, there is increasing government support for research in the US and the rising development of protein drugs in Canada. Moreover, growing biomedical research and R&D by pharmaceutical companies contribute to the tremendous market demand across North America.
Market Segmentation covered in the Report:
By Product Type
- Class I
- Class II
- Class II Type A
- Class II Type B
- Class III
By End-User
- Pharmaceutical and Biopharmaceutical Companies
- Diagnostics & Testing Laboratories
- Academic & Research Organizations
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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