Biological Safety Cabinet Market Research Report, Type (Class I, Class II, Class III) Application (Industrial, R&D, Academic), and End-Users (Pharmaceutical & Biotechnology Companies, Diagnostic and Testing Laboratories) - Global Forecast Till 2027
ID: MRFR/MED/4606-HCR | February 2021 | Region: Global | 100 pages
Market Scenario
Global biological safety cabinet market is expected to register an approximate CAGR of 7.4% during the forecast period owing to the growing biotechnology and pharmaceutical sector and rising investments in the medical sector and life sciences. A majority of the biological safety cabinets are utilized by the pharmaceutical and biotechnology sectors for various quality control processes, R&D practices, and others. In 2017, according to the Biotechnology and Biological Sciences Research Council, the U.K pharmaceutical market is expected to grow with an average annual growth rate of 4 to 7% by 2021. Such trends in the growth of the pharmaceutical sector provide favorable backgrounds for the market, by increasing the demand for biological safety cabinets.
Moreover, increasing investments in life sciences boost the biological safety cabinet market growth. Recently in 2018, Innovate U.K. funded over 12 million pounds to enable merging technologies in health and life sciences sectors. Life sciences involve a scientific study of microorganisms, plants, and animals including human beings through experimentations and activities such as tissue culturing, microbial studies, and others. These activities are tedious and easily prone to contaminations. The reason for the same can range from the use of contaminated media to improper handling. An easy way to avoid the contamination is the use of biosafety cabinets that provide a sterile platform for such experiments. Therefore, the demand for biological safety cabinet market is estimated to increase with the rising investments followed by the growth of life sciences.
However, the high cost of biological safety cabinets and presence of alternative containment cabinets in the market are estimated to restrain the market growth during the forecast period. The cost of biological safety cabinets market by Key players such as Thermo Fisher Scientific is high. It is estimated to range from ~ USD 9,500 to USD 12,000. In the presence of such high price, a reluctance is seen in the market in terms of product acceptance. This is estimated to restrain the market growth during the forecast period.
Key players
Some of the key players in the global biological safety cabinet market are Thermo Fisher Scientific (U.S.), Labconco (U.S.), Esco Micro (Singapore), The Baker Company (U.S.), Kewaunee Scientific (U.S.), NuAire (U.K), Germfree Laboratories (U.S.), Cruma (Spain), Air Science (U.S.), Berner International (U.S.), BIOBASE (China), Azbil Telstar (Spain), and others.
Segmentation
The global biological safety cabinet market is segmented on the basis of type, application, and end-user.
On the basis of type, the market is segmented into class I, class II, and class III. The class II segment is sub-segmented into class II type A and class II type B.
By application, the market is categorized into industrial, research and development, and academic.
By end-user, the market is categorized into pharmaceutical and biotechnology companies, diagnostic and testing laboratories, and others.
Regional Market Summary 
Global Biological Safety Cabinet Market Share (%), by Region, 2017
Sources: Biotechnology and Biological Sciences Research Council, Innovate U.K., Annual Reports, Press Release, White Paper, and Company Presentation
The Americas dominates the global market for biological safety cabinets. The presence of a well-developed healthcare sector and major market players such as Thermo Fisher Scientific, Air Science, and others within the region drive the market within the region. According to the International Trade Administration in 2016, the U.S. pharmaceutical industry added an estimated worth of USD 790 billion to the economy in 2014. Such expanding pharmaceutical sector provides suitable backgrounds for the market to grow by increasing the exploitation of biosafety cabinets in R&D and quality control processes, besides others.
Research Methodology 
Sources: Biotechnology and Biological Sciences Research Council, Innovate U.K., Annual Reports, Press Release, White Paper, And Company Presentation
Following the similar trends in 2017, Europe stood second in the biological safety cabinet market. The presence of developed economies such as the U.K, Italy, Spain, and Germany within the region further boosts the market. Asia Pacific is estimated to be the fastest growing region for the global biological safety cabinet market. Some of the major factors influencing the growth of the market are exponential growth and support of the government for biotechnology and research within the region. According to the Indian Brand Equity Foundation in 2017, India’s biotechnology industry is estimated to reach USD 100 billion by 2025 from USD 11 billion in 2016. On the other hand, the Middle East and Africa holds the least share in the global biological safety cabinet market. The presence of poor economies and low per capita income, especially within the African region makes the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East.
Frequently Asked Questions (FAQ) :
Major types of Biological Safety Cabinets include class I, class II, and class III.
Global Biological Safety Cabinets Market is expected to exhibit a strong 7.4% CAGR over the forecast period till 2023.
The rising investment in the healthcare sector is the major driver for the biological safety cabinets market.
The Americas dominate the Global Biological Safety Cabinets Market.
Leading players in the Biological Safety Cabinets Market include BIOBASE, Thermo Fisher Scientific, and Labconco, among others.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Global Biological Safety Cabinet Market, By Type
6.1 Introduction
6.2 Class I
Market Estimates & Forecast, 2020–2027
6.3 Class II
Market Estimates & Forecast, 2020–2027
6.3.1 Class II Type A
6.3.2 Class II Type B
6.4 Class III
Chapter 7. Global Biological Safety Cabinet Market, By Application
7.1 Introduction
7.2 Industrial
Market Estimates & Forecast, 2020–2027
7.2.1 Portable/Handheld Ultrasound Scanners
7.2.2 Cart Based Ultrasound Scanners
7.3 R&D
Market Estimates & Forecast, 2020–2027
7.4 Academic
Chapter 8. Global Biological Safety Cabinet Market, By End-User
8.1 Introduction
8.2 Pharmaceutical & Biotechnology Companies
Market Estimates & Forecast, 2020–2027
8.3 Diagnostic And Testing Laboratories
Market Estimates & Forecast, 2020–2027
8.4 Others
Market Estimates & Forecast, 2020–2027
Chapter 9. Global Biological Safety Cabinet Market, By Region
9.1 Introduction
9.2 America
9.2.1 North America
9.2.1.1 U.S.
9.2.1.2 Canada
9.2.2 South America
9.3 Europe
9.3.1 Western Europe
9.3.1.1 Germany
9.3.1.2 France
9.3.1.3 Italy
9.3.1.4 Spain
9.3.1.5 U.K.
9.3.1.6 Rest Of Western Europe
9.3.2 Eastern Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 Republic Of Korea
9.4.6 Rest Of Asia Pacific
9.5 The Middle East & Africa
9.5.1 United Arab Emirates
9.5.2 Saudi Arabia
9.5.3 Oman
9.5.4 Kuwait
9.5.5 Qatar
9.5.6 Rest Of The Middle East & Africa
Chapter 10. Company Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Key Development & Strategies
10.3.1 Key Developments
Chapter 11 Company Profiles
11.1 Thermo Fisher Scientific
11.1.1 Company Overview
11.1.2 Type Overview
11.1.3 Financials
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Labconco
11.2.1 Company Overview
11.2.2 Type Overview
11.2.3 Financial Overview
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.3 Esco Micro
11.3.1 Company Overview
11.3.2 Type Overview
11.3.3 Financial Overview
11.3.4 Key Development
11.3.5 SWOT Analysis
11.4 The Baker Company
11.4.1 Company Overview
11.4.2 Type/Business Segment Overview
11.4.3 Financial Overview
11.4.4 Key Development
11.4.5 SWOT Analysis
11.5 Kewaunee Scientific
11.5.1 Company Overview
11.5.2 Type Overview
11.5.3 Financial Overview
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.6 NuAire
11.6.1 Company Overview
11.6.2 Type Overview
11.6.3 Financial Overview
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.7 Germfree Laboratories
11.7.1 Overview
11.7.2 Type Overview
11.7.3 Financials
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.8 Cruma
11.8.1 Overview
11.8.2 Type Overview
11.8.3 Financials
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.9 Air Science
11.9.1 Overview
11.9.2 Type Overview
11.9.3 Financials
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.10 Berner International
11.10.1 Overview
11.10.2 Type Overview
11.10.3 Financials
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.11 BIOBASE
11.11.1 Overview
11.11.2 Type Overview
11.11.3 Financials
11.11.4 Key Developments
11.11.5 SWOT Analysis
11.12 Azbil Telstar
11.12.1 Overview
11.12.2 Type Overview
11.12.3 Financials
11.12.4 Key Developments
11.12.5 SWOT Analysis
11.13 Others
Chapter 12 MRFR Conclusion
12.1 Key Findings
12.1.1 From CEO’s View Point
12.1.2 Unmet Needs Of The Market
12.2 Key Companies To Watch
12.3 Prediction Of The Global Biological Safety Cabinet Market
Chapter 13 Appendix
LIST OF TABLES
Table 1 Global Biological Safety Cabinet Market Industry Synopsis, 2020–2027
Table 2 Global Biological Safety Cabinet Market Estimates & Forecast, 2020–2027, (USD Million)
Table 3 Global Biological Safety Cabinet Market, By Region, 2020–2027, (USD Million)
Table 4 Global Biological Safety Cabinet Market, By Type, 2020–2027, (USD Million)
Table 5 Global Biological Safety Cabinet Market, By Application, 2020–2027, (USD Million)
Table 6 Global Biological Safety Cabinet Market, By End-User, 2020–2027, (USD Million
Table 7 North America Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 8 North America Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 9 North America Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 10 U.S. Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 11 U.S. Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 12 U.S. Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 13 Canada Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 14 Canada Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 15 Canada Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 16 South America Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 17 South America Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 18 South America Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 19 Europe Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 20 Europe Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 21 Europe Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 22 Western Europe Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 23 Western Europe Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 24 Western Europe Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 25 Eastern Europe Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 26 Eastern Europe Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 27 Eastern Europe Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 28 Asia Pacific Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 29 Asia Pacific Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 30 Asia Pacific Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
Table 31 The Middle East & Africa Veterinary Ultrasound Market, By Type, 2020–2027, (USD Million)
Table 32 The Middle East & Africa Veterinary Ultrasound Market, By Application, 2020–2027, (USD Million)
Table 33 The Middle East & Africa Veterinary Ultrasound Market, By End-User, 2020–2027, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Biological Safety Cabinet Market
Figure 3 Market Dynamics For Global Biological Safety Cabinet Market
Figure 4 Global Biological Safety Cabinet Market Share, By Type 2020
Figure 5 Global Biological Safety Cabinet Market Share, By Application 2020
Figure 6 Global Biological Safety Cabinet Market Share, By End-User, 2020
Figure 7 Global Biological Safety Cabinet Market Share, By Region, 2020
Figure 8 North America Veterinary Ultrasound Market Share, By Country, 2020
Figure 9 Europe Veterinary Ultrasound Market Share, By Country, 2020
Figure 10 Asia Pacific Veterinary Ultrasound Market Share, By Country, 2020
Figure 11 The Middle East & Africa Veterinary Ultrasound Market Share, By Country, 2020
Figure 12 Global Biological Safety Cabinet Market: Company Share Analysis, 2020 (%)
Figure 13 Thermo Fisher Scientific: Key Financials
Figure 14 Thermo Fisher Scientific: Segmental Revenue
Figure 15 Thermo Fisher Scientific: Geographical Revenue
Figure 16 Labconco: Key Financials
Figure 17 Labconco: Segmental Revenue
Figure 18 Labconco: Geographical Revenue
Figure 19 Esco Micro: Key Financials
Figure 20 Esco Micro: Segmental Revenue
Figure 21 Esco Micro: Geographical Revenue
Figure 22 The Baker Company: Key Financials
Figure 23 The Baker Company: Segmental Revenue
Figure 24 The Baker Company: Geographical Revenue
Figure 25 Kewaunee Scientific: Key Financials
Figure 26 Kewaunee Scientific: Segmental Revenue
Figure 27 Kewaunee Scientific: Geographical Revenue
Figure 28 NuAire: Key Financials
Figure 29 NuAire: Segmental Revenue
Figure 30 NuAire: Geographical Revenue
Figure 31 Germfree Laboratories: Key Financials
Figure 32 Germfree Laboratories: Segmental Revenue
Figure 33 Germfree Laboratories: Geographical Revenue
Figure 34 Cruma: Key Financials
Figure 35 Cruma: Segmental Revenue
Figure 36 Cruma: Geographical Revenue
Figure 37 Air Science: Key Financials
Figure 38 Berner International: Segmental Revenue
Figure 39 Berner International: Geographical Revenue
Figure 40 Berner International: Key Financials
Figure 41 BIOBASE: Segmental Revenue
Figure 42 BIOBASE: Geographical Revenue
Figure 43 BIOBASE: Key Financials
Figure 44 Azbil Telstar: Segmental Revenue
Figure 45 Azbil Telstar: Geographical Revenue
Figure 46 Azbil Telstar: Key Financials