Overview:
Market Research Future (MRFR) predicted in their report that this biological safety cabinets market could score better valuations during the forecast period of 2018 to 2023. Advanced technologies and increasing competition in the sector are expected to boost the domain further.
Research related to life sciences in laboratories is receiving funds from private and public bodies to provide an in-depth analysis of cellular studies and the effects of microbes, viruses, and bacteria on bodies. Pharmaceutical companies, academic institutions, and others are some of the major booster-providers. However, these procedures require a certain level of safety, owing to which the demand for products like biological safety cabinets is on the rise.
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.
Segmentation:
The global market report with details of the biological safety cabinet market was reviewed on the basis of a segmentation that includes type, application, and end-user. These segments have data of the market and they carry various intrinsic details that can help in boosting the market understanding in the coming years.
By type, the global market report on the biological safety cabinets market can be segmented into class II, class I, and class III. The class II segment includes a study of class II type A and class II type B.
By application, the report on the biological safety cabinets market included a study on segments like research and development, industrial, and academic. The rising investment to fund moves like research and development can help the market progress in the coming years.
By end-user, the biological safety cabinets market study includes segments like diagnostic and testing laboratories, pharmaceutical and biotechnology companies, and others. Both public and private funding have increased the capacity of these segments so that they can bolster the biological safety cabinets market growth.
Regional Analysis:
In the Americas, the market will benefit much as the structural scope and tendency to incorporate advanced technologies to maintain the highest level of safety protocols are expected to provide better thrust to the market.
Competitive Landscape:
Labconco (U.S.), Thermo Fisher Scientific (U.S.), The Baker Company (U.S.), Kewaunee Scientific (U.S.), Esco Micro (Singapore), Germfree Laboratories (U.S.), NuAire (U.K), Berner International (U.S.), Azbil Telstar (Spain), BIOBASE (China), Cruma (Spain), Air Science (U.S.), and others are major companies to integrate strategic moves and bolster the biological safety cabinets market growth.
Industry News:
In May 2020, Air Science announced the launching of the Purair BIO Class II, Type A2 Biological Safety Cabinets (BSCs) that would provide a primary containment work area to help various cell culture processing, life science research, and other applications to ensure the protection of the user, the work product, and the environment. This would also mitigate the chances of cross-contamination on the work surface.
In July 2020, Yinson Production West Africa Limited (YPWAL) announced that they had donated a Biological Safety Cabinet worth USD 4,600. The National Public Health Reference Laboratory at the Korle-Bu Teaching Hospital in Accra received this donation and is expected to benefit from it during their fight against the COVID-19 pandemic.
These biological safety cabinets are fast emerging as an essential tool in the battle against contagious diseases. The COVID-19 pandemic is not the first one in recent times to create such a ruckus across nations. There were other diseases like Ebola and Anthrax, but the scale in which it has affected is unprecedented. That is why equipping research labs with the best possible tools are a necessity to prevent the disease from spreading.
