This research report provides a segmentation of the global laboratory cabinet market by product type (biosafety cabinet, laminar flow cabinet and other), by end-user (medical and healthcare, pharmaceutical, electronics and others) and by geography (APAC, Europe, North America, and MEA). The leading vendors analyzed in this report are Esco Micro, Labconco, Polypipe, The Baker Company, and Thermo Fisher Scientific.
Technavio’s market research analysts estimate the global laboratory cabinet market, to grow at a CAGR of around 6% by 2020. Laboratory cabinets fall into the category of laboratory furniture and are used for storage of chemicals, equipment, and samples as well as to provide a safe, contamination-free work space. Rise in the number of labs and R&D activities have boosted the demand for laboratory cabinets. The Americas dominate the lab cabinets market, accounting for 34% of the overall market share. The major reason for this region’s growth are enormous investments in research and testing.
The new market research report from Technavio provides a breakdown and analysis of the laboratory cabinet segments by technology.
“The lab cabinets market is witnessing increased customization based on the application and the process. The end-users can chose lab cabinets on basis of material, size, function, design, and flexibility, suiting their requirement. Manufacturers are customizing lab cabinets which include materials used, the design of the storage platform or trays, air duct design, digital interface, illumination, and even temperature control,” says Brahadeesh Chandrasekaran, Healthcare & Lifesciences, Technavio Research.
The medical and healthcare industry is the largest end-user of laboratory cabinets, accounting for 41% of the total market share. Much of this segment’s growth comes from the increase in the number of laboratory and other facilities. Increasing sales of biosafety cabinet is the major revenue-contributing factor of this segment.
Global laboratory cabinet market in the medical and healthcare industry 2015-2020 ($ millions)
Source: Technavio, 2016
The leading vendors in the global laboratory cabinet market are Esco Micro, Labconco, Polypipe, The Baker Company, and Thermo Fisher Scientific. This market is highly fragmented. The competitive environment in the market is likely to intensify with an increase in product extensions, new products, and new applications of integrated product offerings.
A more detailed analysis is available in the Technavio report, Global Laboratory Cabinet Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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