Top Companies in Biological Safety Cabinet Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Biological Safety Cabinet Market is projected to reach USD 278.53 million by 2028 at a CAGR of 7.9% over the forecast period.
The Global Biological Safety Cabinet Market is valued at USD 176.5 million in 2021 and is projected to reach USD 278.53 million by 2028 at a CAGR of 7.9% over the forecast period. The market for Biological Safety Cabinets is expanding due to the rising demand for hazardous material containment that is both safe and efficient across a variety of end-use industries. The need for Biological Safety Cabinets is also being fueled by researchers' and lab workers' increasing knowledge of biosafety and biosecurity. Additionally, the expansion of this market is also being fueled by technological developments in Biological Safety Cabinets and the expanding usage of these cabinets for tasks like drug discovery, vaccine development, and genomics.
The increased prevalence of infectious diseases, the rise in biotechnology and pharmaceutical firms, and the rising need for biosafety goods in academic and research institutions are all factors contributing to the expansion of this market.
However, the high price of Biological Safety Cabinets compared to other options could slow the market's expansion. Despite this, technical development that results in the creation of more inventive Biological Safety Cabinets can open up a number of prospects for the market for these cabinets to grow internationally.
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Amidst Exponential Growth in Biological Safety Cabinet Adoption, What Trends Should We Look Forward to?
- Since Biological Safety Cabinets are utilized in illness diagnostics and other research related to disease, the market will immediately increase as the incidence of infectious diseases rises.
- Rising research and development efforts in biotechnology and life science are another factor propelling market expansion. Toxins, infectious materials, working with tissue or cell culture, or in microbiology labs where product contamination must be prevented are all present throughout research and development in biotechnology labs.
- Growing investments in the medical industry are also promoting market expansion. Pharmaceutical companies must adhere to strict contamination prevention and control measures to produce a secure, clean environment. Therefore, Biological Safety Cabinets are required in the medical industry, and investments in them support the market's expansion.
- The industrial sector uses Biological Safety Cabinets for a variety of tasks. These cabinets are primarily used to safeguard laboratory workers from exposure to infectious agents or dangerous substances. In addition to this, it aids in regulating airflow and preserving humidity levels inside the working space.
The Biological Safety Cabinet Market is dominated by globally established players such as Thermo Fisher Scientific Inc. (US), Labconco Corporation (US), NuAire Inc. (US), The Baker Company Inc. (US), Azbil Telstar (Spain), Jinan Biobase Biotech Co. Ltd. (China), Germfree Laboratories Inc. (US), Air Science Inc. (US), Haier Biomedical (UK), Cruma S.A. (Spain). These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth Biological Safety Cabinet Market.
Let's Look at the Top 5 Companies That are Taking the Biological Safety Cabinet Market by Storm
The Biological Safety Cabinet Market is expected to grow from USD 176.5 million in 2021 to USD 278.53 million in 2028 due to factors like favorable regulations, increasing threats from infectious and pandemic diseases, and expanding biologics and pharmaceutical industries. The need for Biological Safety Cabinets is rising as investment in the healthcare and life sciences industries increases.
- Thermo Fisher Scientific Inc. (US)
Thermo Fisher's line of Biological Safety Cabinets offers dependable defence for people, things, and the environment, as well as giving users access to the company's decades of manufacturing expertise and laboratory equipment design advancements. Thermo Scientific's Biological Safety Cabinets (BSCs) have been created to improve user experience and laboratory productivity in addition to safety.
- Labconco Corporation (US)
For various biosafety level situations, Labconco offers biosafety cabinets. Class I biosafety enclosures provide personnel protection for applications that do not require product protection. In contrast, Class II Type A2, B2, and C1 biosafety cabinets can accept BSL 1, 2, and 3 and 4 (with the proper PPE).
- NuAire Inc. (US)
In order to provide people, product, and environmental safety in crucial research areas around the globe, NuAire manufactures compounding pharmacy airflow products, including biological cabinets. It manufactures high-quality lab items with success in mind. It is widely acknowledged as one of the top manufacturers of biosafety cabinets, laminar flow hoods, CO2 incubators, ultralow freezers, and dependable equipment for the biomedical/microbiological laboratory and USP 797 & USP 800 compliance compounding pharmacies.
- The Baker Company Inc. (US)
When designing, developing, and manufacturing dependable laboratory contamination control equipment, Baker has been at the forefront. When it comes to preserving the success of the research, it doesn't take any chances with safety and doesn't make any concessions. An engineering firm called The Baker Company creates Biological Safety Cabinets.
- Azbil Telstar (Spain)
The AzbilGroup company Telstar, which develops engineering and construction projects, process equipment, and GMP services solutions, including turnkey projects and critical installations, for businesses involved in the life and health sciences, has a proven track record and experience in these areas (pharmaceutical & biotechnology, healthcare, biological cabinets, cosmetic, hospitals, veterinary and food & beverage industries, laboratories & research centers).
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