Factors such as growing biotechnology and pharmaceutical sectors and rising investments in the medical sector and life sciences are expected to drive the market during the forecast period. However, the high cost of biological safety cabinets and presence of alternative containment cabinets in the market are estimated to restrain the market growth during the forecast period.
The global biological safety cabinet market size is expected to grow at an approximate CAGR of 7.4% during the forecast period.
The global biological safety cabinet market is segmented on the basis of type, application, and end-user.
On the basis of type, the market is segmented into class I, class II, and class III. The class II segment is sub-segmented into class II type A and class II type B.
By application, the market is categorized into industrial, research and development, and academic.
By end-user, the market is categorized into pharmaceutical and biotechnology companies, diagnostic and testing laboratories, and others.
The Americas dominates the global market for biological safety cabinet owing to the presence of a well-developed healthcare sector and major market players within the region. Moreover, an expanding pharmaceutical sector provides suitable backgrounds for the market.
Some of the key players in the global biological safety cabinet market are Thermo Fisher Scientific (U.S.), Labconco (U.S.), Esco Micro (Singapore), The Baker Company (U.S.), Kewaunee Scientific (U.S.), NuAire (U.K), Germfree Laboratories (U.S.), Cruma (Spain), Air Science (U.S.), Berner International (U.S.), BIOBASE (China), Azbil Telstar (Spain), and others.