Dublin, July 05, 2023 (GLOBE NEWSWIRE) -- The "Biosafety Cabinets Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global biological safety cabinet market is expected to reach $405.86 million in 2028 from $265 million in 2022 to grow at a CAGR of 7.36% from 2022-2028.
Market Trends and Drivers
The Growth in Technological Advancements
With huge advancements in the technology sector, the biosafety cabinet market is also being integrated with technologies that can help detect any leakages or failures of any part of the cabinets. Over the past years, there have been huge developments in the technological integration with these biosafety cabinets.
Technological developments such as HEPA filtration systems can filter out 99.9% of the contaminants in the air. These systems have also been integrated with IOT, such as automotive systems shut down and alarm systems that will raise alarms if these systems observe any malfunction or failure of the exhaust systems.
Increased Risk of Communal Diseases
The world has recently witnessed the catastrophe that communicable diseases can cause through the Covid-19 virus. A disease that can be spread from one person to another through various ways, including contact with another person's blood and bodily fluids or breathing in airborne viruses, and being bitten by an insect carrying the pathogen or virus is called a communicable or infectious disease.
These diseases can have a variety of severity ranging from asymptomatic (no symptoms) to severe to fatal. Some examples of communicable diseases are HIV, hepatitis A, B, and C, measles, salmonella, and blood-borne diseases.
The biosafety cabinets are used in laboratories to study the organisms that transmit such diseases and could be the cause of the spread of communal diseases. Since these pathogens are infectious and can easily spread, utmost care must be taken to handle them. Hence biosafety cabinets are a must in such cases. These cabinets also allow the researchers to analyze the functioning and the process of infection that these organisms inflict.
Development in Biological Testing
The world is currently moving towards modernization and an advanced technological era. These advancements in technology have allowed chemical, biological, and microbiological testing. Further, these tests are conducted to understand and conduct analysis or research on the parameters of a product/subject.
The subject in biological testing can be a human, dead or alive, animals and birds. Growing importance is given to biological testing as it is crucial in the early and timely diagnostics of infectious diseases and helps properly manage patients.
Biological testing is carried out with substances that can harm the environment and humans, which can also potentially cause infections among them. Hence, such reasons are driving the growth of biological testing facilities across the globe, which will positively impact the biosafety cabinet market as they would be an integral part of the laboratories handling such samples.
Competitive Landscape
The global biosafety cabinet market needs to be more cohesive and have many national and international participants. These players have been continuously focusing on innovation and product differentiation techniques. They also rely on these factors to capture higher market shares.
It is also expected that with more favorable financial and technological capabilities will be able to invent and launch products that are technologically integrated, which might threaten the products of their competitors and could make their products and services non-competitive.
Key Company Profiles
- Thermo Fisher
- Kewaunee Scientific
- Esco Lifesciences Group
Other Prominent Vendors
- 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
Key Questions Answered:
1. How big is the biosafety cabinet market?
2. What is the growth rate of the global biosafety cabinet market?
3. Which region dominates the global biosafety cabinet market share?
4. What are the significant trends in the biosafety cabinet market?
5. Who are the key players in the global biosafety cabinet market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 232 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $265 Million |
| Forecasted Market Value (USD) by 2028 | $405.86 Million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by End-User
4.3.3 Market Segmentation by Distribution Channel
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1 Overview
6.1.1 Growth in Technological Advances
6.1.2 Increased Risk of Communicable Diseases
6.1.3 Development in Biological Testing
6.2 Market Landscape
6.2.1 Product Type
6.2.2 End-User
6.2.3 Competitive Landscape
7 Market at a Glance
8 Introduction
8.1 Overview
8.2 Key Factors
8.3 Biosafety Levels
8.3.1 Biosafety Level 1
8.3.2 Biosafety Level 2
8.3.3 Biosafety Level 3
8.3.4 Biosafety Level 4
9 Market Opportunities & Trends
9.1 Increase in Risk of Communicable Diseases
9.2 Increase in R&D Investments in Pharmaceutical & Biopharmaceutical Industry
9.3 Increase in Revenues of Pharmaceutical Companies
10 Market Growth Enablers
10.1 Regulation in Place by Organizations
10.2 Rapid Development in Biological Testing
10.3 Rapid Growth in Technological Development
11 Market Restraints
11.1 Fluctuation in Prices of Raw Materials and Supply Chain
11.2 Shortage of Skilled Labor
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Class I
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Class Ii
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
13.4.4 Class Ii A1
13.4.5 Class Ii A1 Market Size & Forecast
13.4.6 Class Ii A1 Market by Geography
13.4.7 Class Ii A2
13.4.8 Class Ii A2 Market Size & Forecast
13.4.9 Class Ii A2 Market by Geography
13.4.10 Class Ii B1
13.4.11 Class Ii B1 Market Size & Forecast
13.4.12 Class Ii B1 Market by Geography
13.4.13 Class Ii B2
13.4.14 Class Ii B2 Market Size & Forecast
13.4.15 Class Ii B2 Market by Geography
13.4.16 Class Ii C1
13.4.17 Class Ii C1 Market Size & Forecast
13.4.18 Class Ii C1 Market by Geography
13.5 Class Iii
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market by Geography
14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Pharmaceutical & Biopharmaceutical Companies
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Diagnostic Testing & Laboratories
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Academic Research Institutes
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography
15 Distribution Channel
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Offline
15.3.1 Market Overview
15.3.2 Dealers & Distribution
15.3.3 Specialty Stores
15.3.4 Market Size & Forecast
15.3.5 Market by Geography
15.4 Online
15.4.1 Market Overview
15.4.2 Direct Sales
15.4.3 Third-Party Sales
15.4.4 Market Size & Forecast
15.4.5 Market by Geography
16 Geography
17 North America
18 Europe
19 APAC
20 Middle East & Africa
21 Latin America
22 Competitive Landscape
23 Key Company Profiles
24 Other Prominent Vendors
25 Report Summary
26 Quantitative Summary
27 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ggrlra
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
