DUBLIN--(BUSINESS WIRE)--The "Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic & Research Institution) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The biological safety cabinets market is projected to reach USD 205.9 million by 2022 from USD 144.3 million in 2017, at a CAGR of 7.4% during the forecast period
Factors such as favorable regulations, increased risk of pandemics and communicable diseases, increasing number of R&D activities in biotechnological and pharmaceutical companies, and rapid growth in the number of biologics are expected to drive the growth of this market during the forecast period. On the other hand, the high cost of biological safety cabinets and alternative containment cabinets are expected to restrict the growth of the market to a certain extent.
Based on end user, the global biological safety cabinets market is segmented into pharmaceutical & biopharmaceutical companies, diagnostic & testing laboratories, and academic & research institutions. The pharmaceutical & biopharmaceutical companies segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for drug development and the need to ensure the safety of laboratory personnel.
While North America held the largest share of the market in 2017, Asia Pacific is expected to witness the highest growth during the forecast period. The high growth rate of this region can be primarily attributed to the rising investments by pharmaceutical companies in Asia Pacific countries, rising burden of infectious disease, high growth of the healthcare industry in China; growing pharmaceutical and medical devices industry in Japan; development of bioclusters to boost the biotechnology sector in India; biomedical research in Australia; and increasing pharmaceutical and biotechnology R&D activities in South Korea.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Biological Safety Cabinets Market, By Type
7 Biological Safety Cabinets Market, By End User
8 Biological Safety Cabinets Market, By Region
9 Competitive Landscape
10 Company Profiles
- Thermo Fisher Scientific
- Esco Micro
- The Baker Company
- Kewaunee Scientific
- Germfree Laboratories
- Air Science
- Berner International
For more information about this report visit https://www.researchandmarkets.com/research/grj9wl/biological_safety?w=4