Biological Safety Cabinet Market Research Report – Forecast to 2027

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) - Forecast Till 2027

ID: MRFR/MED/4606-HCR | February 2021 | Region: Global | 100 pages

Biological Safety Cabinet Market Scenario:


The biological safety cabinet market size 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

  • 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)


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 Biological Safety Cabinet Market Share


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 Research Methodology


Sources: Biotechnology and Biological Sciences Research Council, Innovate U.K., Annual Reports, Press Release, White Paper, And Company Presentation


Following 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.



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   2018-2023: 7.4%
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)`
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application, and End-user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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),
  Key Market Opportunities   Investments in life sciences
  Key Market Drivers   Rising investment in the healthcare sector


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