Dublin, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The "Global Biosafety Cabinet Market: Analysis By Type, By Type of Material Managed, By Category, By Application, By Region Size and Trends and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.
The global biosafety cabinet market is on an upward trajectory, with an estimated value of US$240.41 million in 2022. Projections indicate that it will reach an impressive US$377.07 million by 2028.
Biosafety cabinets (BSCs) are pivotal components of laboratories worldwide, offering secure environments for handling hazardous materials and ensuring contamination-free research spaces. These cabinets have witnessed increased demand, owing to a surge in microbiological research, advanced research infrastructure, and heightened safety awareness. As the world continues to prioritize microbial research and laboratory safety, BSCs are poised to play an indispensable role in scientific investigations. The market is projected to grow at a CAGR of 7.79% during the forecast period of 2023-2028.
Market Segmentation:
By Type: The market is segmented into Class I Biosafety Cabinet, Class II Type A2 and Class II Type B1 Biosafety Cabinet, Class II Type B2 Biosafety Cabinet, Class III Biosafety Cabinet, Customized Cabinets, and Others. In 2022, Class II Type A2 and Class II Type B1 Biosafety Cabinets dominate the market due to their versatility and broad protection against pathogens. This segment is expected to grow the fastest during 2023-2028.
By Type of Material Managed: The market is categorized into biological materials and toxic materials. The biological materials segment holds the largest share in 2022 due to increased focus on infectious diseases and biotechnological advancements.
By Category: Categories include Work Trays, Side Panel Construction, and Accessories. Work Trays segment is the largest and fastest-growing segment in 2022, ensuring organized, efficient, and contamination-free workspaces.
By Application: Segments comprise healthcare and disease management, biopharmaceuticals, environmental monitoring, food quality assurance, and others. Healthcare and disease management hold the largest share in 2022, driven by the global disease burden and the need for sterile environments.
By Region: The market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2022, North America leads, with the Asia Pacific set to grow the fastest during 2023-2028, driven by China and India's biotech sectors.
Market Dynamics:
Growth Drivers: Funding for life science research, growth in the biopharmaceuticals industry, IoT integration, rising infectious diseases, regulatory standards, diagnostic lab expansion, energy-efficient designs, and advanced filtration innovations.
Challenges: High costs and maintenance, skills gap, and limited accessibility in smaller labs and developing countries.
Market Trends: Emerging markets, AI and ML advancements, robotics adoption, personalized medicine, nanotechnology, space exploration, cell and gene therapy, safety protocols, biometrics, and eco-friendly disposal methods.
Competitive Landscape:
The market features both multinational giants like Thermo Fisher Scientific and smaller regional entities. Notable innovations include Haier Biomedical's new biological safety cabinets and Labconco's strategic moves. Key players in the market include Thermo Fisher Scientific Inc., Kewaunee Scientific Corporation, Azbil Corporation, Esco Lifesciences Group, Labconco Corporation, Berner International GmbH, EW Healthcare Partners, Biobase Biodusty Co Ltd, Haier Group (Haier Biomedical), The Baker Company, NuAire Inc., and Clean Air Products Inc.
For more information about this report visit https://www.researchandmarkets.com/r/5n8fx4
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