Global Biological Safety Cabinet Market to Reach USD 357.30 Million by 2031 | CAGR of 8.2%
Category : Healthcare | Published Date : Nov 2024 | Type : Press Release
Biological Safety Cabinet Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Biological Safety Cabinet Market was valued at USD 176.25 Million in 2022 and is projected to reach USD 357.30 Million by 2031, growing at a CAGR of 8.2% from 2023 to 2031. Biological safety cabinets (BSCs) are enclosed, ventilated laboratory workspaces designed to handle materials contaminated with pathogens. BSCs provide a controlled environment to protect lab workers, the environment, and materials from exposure to hazardous biological substances.
The report comprises the Biological Safety Cabinet Market Share, Size & Industry Analysis, By Product Type (Class I, Class II [Type A and Type B], Class III), By End-user Industry (Pharmaceutical and Biopharmaceutical, Laboratories, Diagnostic and Testing Laboratories, Academic and Research Institutions, Hospitals, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2031.
The report contains detailed information on Biological Safety Cabinet Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising incidence of infectious diseases and the need for safe research practices are driving market growth, while high costs of equipment may hinder market expansion.
Segmental Analysis :
By product type, the market is segmented into Class I, Class II (Type A and Type B), and Class III.
- Class II accounted for the largest market share at 47.63% in 2022 due to its balance between safety, affordability, and ease of use. These cabinets are highly used in research and biopharmaceutical laboratories.
- Class III is expected to witness the fastest growth due to increasing concerns about viral pandemics and infectious diseases, where utmost containment is required.
By end-user industry, the market is segmented into pharmaceutical and biopharmaceutical, laboratories, diagnostic and testing laboratories, academic and research institutions, hospitals, and others.
- Pharmaceutical and biopharmaceutical industries held the largest market share in 2022, driven by increasing investments in research and development for new drugs and vaccines.
- Hospitals are expected to grow at a significant rate due to the increased use of BSCs in diagnostic labs for testing infectious diseases.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America accounted for the largest share in 2022, valued at USD 63.68 Million, driven by high R&D investments in the pharmaceutical sector.
- Asia-Pacific is expected to grow at the fastest rate, driven by government initiatives to promote biotechnology and healthcare infrastructure development.
| Report Attributes | Report Details |
| Study Timeline | 2017-2031 |
| Market Size in 2031 | USD 357.30 Million |
| CAGR (2023-2031) | 8.2% |
| By Product Type | Class I, Class II (Type A, Type B), Class III |
| By End-User Industry | Pharmaceutical and Biopharmaceutical, Laboratories, Diagnostic and Testing Laboratories, Academic and Research Institutions, Hospitals, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The biological safety cabinet market is competitive, with companies expanding their product portfolios to enhance market share through innovation.
List of prominent players in the Biological Safety Cabinet Industry:
- Thermo Fisher Scientific
- Esco Micro
- Labconco
- The Baker Company
- Kewaunnee Scientific
- NuAire
- GermFree Laboratories
- Cruma
- Air Science
- BIOBASE
- Haier Biomedical
Recent Industry Developments :
- In May 2021, Labconco launched the updated Axiom biosafety cabinets with enhanced safety features, making them ADA-compliant and suitable for various biosafety levels.
- In February 2021, Thermo Fisher Scientific expanded its portfolio of Class II biological safety cabinets, catering to increasing demand from biopharmaceutical and clinical diagnostic laboratories.
