USD 0.39 Billion
Report ID:
SQMIG35J2119 |
Region:
Global |
Published Date: November, 2024
Pages:
210
|Tables:
63
|Figures:
70
Biological Safety Cabinet Market size was valued at USD 0.39 Billion in 2023 and is poised to grow from USD 0.42 Billion in 2024 to USD 0.8 Billion by 2032, growing at a CAGR of 8.30% during the forecast period (2025-2032).
As the name suggests, biological safety cabinets are vital for working safely with harmful substances and infectious materials. The market is engaged in the production and supply of dedicated laboratory equipment specially designed to protect workers, the environment, and samples from harmful biological elements. The market is fueled by several key factors, including the growing cases of infectious diseases, the rising number of research activities, and stringent laboratory safety norms. The market is witnessing substantial growth backed by improvements in technology, expansion of biotechnology and pharmaceuticals sectors, and the growing funding for healthcare research. Nonetheless, the market is restrained by factors like costly equipment, especially the ones equipped with higher levels of safety and enhanced features. Moreover, the operational and maintenance costs of this equipment are high, thus restraining the adoption of biological safety cabinets. Despite these restraints, the market will considerably grow due to prospects like growing technological improvements like integration of IoT and AI and progressing biopharmaceutical sector.
Market snapshot - 2025-2032
Global Market Size
USD 0.39 Billion
Largest Segment
Class I
Fastest Growth
Class I
Growth Rate
8.30% CAGR
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Global Biological Safety Cabinet Market is segmented by Type, Application, End User, and Region. Based on Type, the market is segmented into Class I, Class II, and Class III. Based on Application, the market is segmented into Hazardous Drug Handling, Non-hazardous Drug Handling, and Other Product Handling. Based on End User, the market is segmented into Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Testing Laboratories, and Academic Research Institutes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Based on product, the biological safety cabinet market is categorized into Class I, Class II, Class III. The class II segment registered for a majority market share in 2023 and is anticipated to lead over the forecast period owing to better protection offered as compared to other classes. The class II segment is further sub-segmented as type B and Type A. Moreover, these systems are prominently used to offer thorough protection and are extensively used in the primary research activities. Therefore, most market vendors, currently, are improving and launching enhanced biological safety cabinets. These factors will propel the segmental growth over the forecast period.
On the other hand, the class I segment is expected to grow significantly to hold the maximum share of the market in the future owing to their capability to offer environmental and workers protection. Furthermore, class I biological safety cabinets are the only cabinets recognized as BSCs on the global scale owing to the simplicity of design. They are essentially used for activities comprising exposure to volatile toxic chemicals and radionuclides. Owing to these reasons, the class I segment is projected to lead the market over the forecast period.
Based on end-use, the market is segmented into pharmaceutical & biopharmaceutical companies, diagnostic & testing laboratories, academic & research institutes. The pharmaceutical & biopharmaceutical companies segment held a notable market share in the previous years and is anticipated to continue dominance over the forecast period as well owing to the rising number of licensed or approved pharmaceutical products. Moreover, most formulations with active pharmaceutical ingredients or cytotoxic powders may be perilous, posing risks to health during developing and manufacturing process, which ultimately increases the demand for biological safety cabinets. This protects workers from airborne particles and chemical substances and supports market growth.
Conversely, the diagnostic & testing laboratories segment is projected to be the second-largest growing segment owing to their capability to handle high volume operations these laboratories can effectively manage huge sample volumes, needing strong and effective containment solutions to handle dangers with testing and processing. Moreover, the segmental growth is attributed to growing testing demand for diagnostic, essentially for the outbreak of infectious illnesses and several chronic conditions. This drives the demand for reliable and safe laboratory environments, thus the segment's growth.
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Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the increased spending on research and development. This is notable driving the need for improved laboratory equipment in the region. Moreover, well-developed research infrastructure in North America, essentially in leading nations like Canada and the United States is fueling the regional growth. These nations are witnessing a great level of investments in pharmaceutical, biotechnology, and healthcare research, thus impacting the regional growth. The key players profiled in the region include Thermo Fisher Scientific, Kewaunee Scientific, The Baker Company, Labconco, Germfree Laboratories, NuAire, and more.
Asia-Pacific is the fastest-growing region in the global biological safety cabinet market due to speedy industrialization and growth in biotechnology and pharmaceutical sectors, mainly in developing regions like India and China, driving the demand for biological safety cabinets. Progressing healthcare infrastructure is also fueling regional growth since the region is witnessing major investments for diagnostic capabilities and medical infrastructure, which propels the demand for improved safety machines.
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Progressing Biopharmaceutical Industry
Increasing Awareness of Laboratory Safety
Installation and Maintenance Complexity
Energy and Environmental Concerns
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The global biological safety cabinet market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the biological safety cabinet market is progressing considerably due to the increasing investment in healthcare infrastructure, economic growth in developing nations, and expanding biopharmaceutical industry. The market is also fueled by the advancements in technologies like enhanced airflow systems, user-friendly controls, and energy efficiency. However, the market is restrained by compliance and regulatory challenges and economic uncertainties. North America is anticipated to lead the market owing to strict regulations for safety standards, developed research infrastructure, and growing R&D spending. Nonetheless, a few opportunities for the growth of the biological safety cabinet market include the specialty solutions and customizations, incorporation with laboratory information systems, and environment sustainability.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0.39 Billion |
Market size value in 2032 | USD 0.8 Billion |
Growth Rate | 8.30% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Biological Safety Cabinet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biological Safety Cabinet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biological Safety Cabinet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biological Safety Cabinet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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