Fior Markets launched a study titled “Global Biological Safety Cabinet Market by Type (Class I, Class II, Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic and Testing Laboratories, others), Region” and Global Forecast 2018-2025.
The global biological safety cabinet market is expected to grow from USD 139.08 Million in 2017 to USD 265.37 Million by 2025 at a CAGR of 8.37% during the forecast period from 2018-2025. Increasing demand for modernization of laboratories set up and to safeguard people from hazardous contamination during the procedures and demand of new drug delivery systems, new formulations combined with innovation and developments from emerging economies will lead to the growth of market in a couple of years.
DOWNLOAD FREE SAMPLE REPORT:https://www.fiormarkets.com/report-detail/362221/request-sample
The Class I segment based segment is anticipated to grow with the highest CAGR of 10.31% over the forecast period
Type segment includes Class I, Class II and Class III. The Class I segment is dominating the biological safety cabinet market and is anticipated to grow with the highest CAGR of 10.31% over the forecast period. Increasing requirement to safeguard environment from biohazard exposure and reduce human efforts for various processes are driving the growth of the segment. Biosafety cabinets offer personnel protection, environmental protection and product protection.
The pharmaceutical & biopharmaceutical companies segment held the largest market share of 33.61% in 2017
End user segment is divided into segments such as pharmaceutical & biopharmaceutical companies, diagnostic & testing laboratories, academic & research institution. The pharmaceutical & biopharmaceutical companies based segment held the largest market share of 48.37% in 2017. Increasing demand for safety cabinets during drug development and the need to ensure the safety of laboratory personnel are the key factors to drive the demand of the segment.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated the global biological safety cabinet market with USD 67.19 Million. Increasing elderly population, increase in demand for advanced healthcare facilities, high economic development and demand for safety equipments are some of the factors that led to the growth of biological safety cabinet market in this region. Rapid introduction of new products and applications by large- and small-scale market players are also contributing for the growth of the market.
The major players of market include ACMAS Technologies, Thermo Fisher Scientific, Labconco, MRC, Erlab, Esco, Kewaunee Scientific, Polypipe, Azbil Telstar, Aztec Microflow, Labconco, Esco Micro Pte Ltd., NuAire, AirClean Systems, Air Science Berner International, The Baker Company, Bassaire, Flow Sciences, Haldeman-Homme, Kewaunee Scientific Germfree Laboratories, EUROCLONE, Cruma, Berner International, BIOBASE and others.
Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team (firstname.lastname@example.org), who will ensure that you get a report that suits your needs.