Global Biological Safety Cabinet Market 2016-2020

Biological safety cabinet industry insights

Extensive market analysis carried out by the analysts at Technavio has shown that the global biological safety cabinet market will grow at a moderate CAGR of around 7% until the end of 2020. The significant investments made in the field of research and development in the last twenty years is driving the market for biological safety cabinet globally. For instance, China will emerge as the global force when it comes to R&D and has plans to invest 2.5% of its GDP on research. With continuing emphasis on knowledge expansion and innovation, the trend of increasing spending on R&D will continue over the forecast period. 

Biological safety cabinet market demand

Factors such as the widespread adoption of automation in laboratories for sample preparation, storage, and movement of sample and equipment is both cost-effective and saves time. Automation in labs allows for efficient workflow with less need for human input, thereby minimizing errors and levels of contamination. Also, 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 rising demand for automation in laboratories will bolster this market’s growth potential during the forecast period.

Biological safety cabinet market based on geography

• Americas
• APAC
• Europe
• MEA

In this market study, the analysts have estimated the Americas to be the largest market for biological safety cabinet and is expected to reach close to USD 51 million by the end of 2020. 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 market for biological safety cabinet will account for a market share of approximately 32% by 2020.

Biological safety cabinet market analysis: Competitive landscape and key vendors

The biological safety cabinet 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.

Key vendors in the biological safety cabinet market

• Erlab
• Esco
• Kewaunee Scientific
• Labconco
• MRC
• Polypipe
• Baker
• Thermo Fisher Scientific

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global biological safety cabinet market?
• What are the key market trends impacting the growth of the global biological safety cabinet market?
• What are the challenges to market growth?
• Who are the key vendors in the global biological safety cabinet market?
• What are the market opportunities and threats faced by the vendors in the global biological safety cabinet market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of global biological safety cabinet market?

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