Healthcare

According to a new market report by Lucintel, the future of the biological safety cabinet market looks promising with opportunities in pharmaceuticals & biopharmaceutical companies, diagnostic & testing laboratories, and academic & research organization markets. The global biological safety cabinet market is expected to grow with a CAGR of 7% to 9% from 2022 to 2027. The major drivers for this market are increased risk of pandemics and communicable diseases, rapid growth in the number of biologics, and increased incidence of chronic diseases.

In this market, Class I, Class II, Class III are the major market segments of biological safety cabinet market by product type. Lucintel forecasts that Class II will remain the largest segment over the forecast period due to the rising product usage for handling pathogenic biological samples, as the cabinets are used for applications where a sterile work zone is mandatory, and provides complete protection and are widely used in basic research activities. 

Within this market, pharmaceutical & biopharmaceutical companies are expected to remain the largest end use segment due to biopharma and pharma industries requiring a strong R&D facility because of which they need advanced facilities and equipment, and advanced technology-based products, increasing research and development activities, rising investments in the medical sector and life sciences.

APAC will remain the fastest growing region due to the rising expenditure by domestic and foreign firms, a great pool of skilled labour, governments shift towards promoting basic research, and entrepreneurship.

Emerging trends, which have a direct impact on the dynamics of the industry, include demand for wireless and portable systems, rising investment in the healthcare sector, and increasing the demand for biological safety cabinets. Thermo Fisher Scientific, Inc., Germfree Laboratories, BIOBASE, NuAire, EUROCLONE, Cruma Air Science, Kewaunee Scientific, Esco Micro, Berner International and Labconco Corporation are the major suppliers in the global biological safety cabinet market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global biological safety cabinet market by product type, end-use, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Biological Safety Cabinet Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global biological safety cabinet market by product type, end-use, and region as follows:

Biological Safety Cabinet Market by Product Type [Value ($B) shipment analysis for 2016-2027]:












This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/biological-safety-cabinet-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the biological safety cabinet market by product type (Class I, Class II, Class III), end-use (pharmaceuticals & biopharmaceutical companies, diagnostic & testing laboratories, and academic & research organizations) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?