The size of global biological safety cabinet market in terms of revenue was estimated to be worth $0.2 billion in 2022 and is poised to reach $0.4 billion by 2027, growing at a CAGR of 8.2% from 2022 to 2027. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.
Market growth is driven by the increased research in pharmaceutical industry and rapid growth in vaccine development for communicable diseases.
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Global leading companies operating in the global Biological Safety Cabinet Market are:
1. Thermo Fisher Scientific (US)
2. Kewaunee Scientific (US)
3. Labconco (US)
4. Esco Micro (Singapore)
5. The Baker Company (US)
6. NuAire (US)
7. Germfree Laboratories (US)
8. Cruma (Spain)
9. Air Science (US)
10. Berner International (US)
11. Azbil telstar (Spain)
12. LaboGene (Denmark)
13. Biolab Scientific (Canada)
14. Lamsystems (Germany)
15. Faster S.R.L (Italy)
Class II segment accounted for the largest share of the biological safety cabinet industry, by type
The biological safety cabinet market is segmented into class I, class II and class III. The class II segment accounted for the largest share of the biological safety cabinet market, mainly due to the rising investment for development of new drug molecules.
Pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the biological safety cabinet industry, by end user
The biological safety cabinet market is segmented into pharmaceutical and biopharmaceutical companies, diagnostic and testing laboratories and academic research institutes based on end user. Pharmaceutical and biopharmaceutical companies segment accounted for the largest share. Factors such as increased need of biologics leads to market growth.
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North America is the largest regional market for biological safety cabinet industry
The global biological safety cabinet market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the global biological safety cabinet market. The North American biological safety cabinet market's growth can be attributed to the increase in communicable diseases.
