This market research report presents a detailed segmentation of the global biological safety cabinet market by geography (Americas, APAC, Europe, and MEA). The key leading vendors identified in the market are Erlab, Esco, Kewaunee Scientific, Labconco, MRC, Polypipe, Baker, and Thermo Fisher Scientific.
Technavio’s market research analysts estimate the global biological safety cabinet market, to grow at a CAGR of around 7% between 2016 and 2020. Biological safety cabinets, or biosafety cabinets allow laboratory workers to work safely with substances that may be contaminated with pathogens and require a defined biosafety level. Moreover, there is a rising number of subcontract laboratories fueling the growth of the biological safety cabinet market across the globe. The Americas is the highest revenue-generating region in the global biological safety cabinet market, and is expected to occupy around 32% of the total market share. Factors like large investments in research and testing in this region will spur the prospects for market growth until the end of the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the safety cabinet segments by technology.
“There has been a growing number of new manufacturers coming up in APAC, which has led to the setup of new R&D facilities these new companies. Moreover, the major conglomerates and market leaders from around the globe are migrating their R&D facilities to Asian countries because of the availability of a massive pool of talent and labor coupled with government initiatives to promote investments. With more R&D facilities, more research is expected to come up, generating demand for more research laboratories and equipment as well,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
Several biological safety cabinets allow the integration of automated accessories and other instruments to improve safety. With the emergence of biosafety cabinets and laminar flow cabinets which integrate an automated air barrier that reduces the risk of infection from airborne contaminants. Also, the digital interfaces on the cabinets allow for easy control of various factors within the cabinet, thereby reducing the complexity of operation.
The leading vendors in the global biological safety cabinet market are Erlab, Esco, Kewaunee Scientific, Labconco, MRC, Polypipe, Baker, and Thermo Fisher Scientific. The market is highly fragmented due to the presence of several large and small players. The competitive environment is expected to intensify due to an increase in product extensions, new product launches, and new applications of integrated product offerings. The market is expected to remain competitive with all the players competing to gain more market share.
A more detailed analysis is available in the Technavio report, Global Biological Safety Cabinet Market 2016-2020.
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