Global Biological Safety Cabinet Market

Biological Safety Cabinet Market Size, Share, Growth Analysis, By Product(Class I, Class II, and Class III), By End-Use(Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic & Research Institutes), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35J2119 | Region: Global | Published Date: September, 2024
Pages: 210 | Tables: 63 | Figures: 70

Biological Safety Cabinet Market Insights

Global Biological Safety Cabinet Market size was valued at USD 0.20 Billion in 2022 and is poised to grow from USD 0.22 Billion in 2023 to USD 0.41 Billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

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.

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Global Biological Safety Cabinet Market size was valued at USD 0.20 Billion in 2022 and is poised to grow from USD 0.22 Billion in 2023 to USD 0.41 Billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

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. 'Thermo Fisher Scientific', 'Esco Lifesciences', 'Labconco Corporation', 'Baker Ruskinn', 'NuAire', 'HEMCO Corporation', 'CleanAir', 'Pulmonetic Systems', 'Shel Lab (Sheldon Manufacturing Inc.)', 'Labline (Thermo Fisher Scientific)', 'Biobase', 'Shinva Medical Instrument Co., Ltd.', 'Weber Scientific', 'Euroclone', 'Kewaunee Scientific Corporation'

Progressing Biopharmaceutical Industry

Improvements in Biosafety Cabinet Designs: Manufacturers are taking an interest in improving the design of biosafety cabinets. They are focusing on ergonomic design and enhanced cabinet material that helps in easy cleaning, maintenance, and decontamination. The new cabinet will be equipped with improved filtration systems and airflow patterns for effective elimination of harmful materials. Emphasis is also given to decreasing noise level and energy consumption using modernized ventilation system.

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.

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Global Biological Safety Cabinet Market

Report ID: SQMIG35J2119

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