Biological Safety Cabinets Market Worth 205.9 Million USD by 2022
PUNE, India, May 18, 2018 /PRNewswire/ --
According to a new market research report "Biological Safety Cabinet Market by Type (Class I, Class II (Type A, Type B), Class III), End User (Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Testing Laboratories, Academic & Research Institution) - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to reach USD 205.9 Million by 2022 from USD 144.3 Million in 2017, at a CAGR of 7.4%. Growth in the Biological Safety Cabinets Market is primarily driven by factors such as favorable regulations driving the use of biological safety cabinets in the healthcare industry, increased risk of pandemics and communicable diseases, increasing number of R&D activities in biotechnological and pharmaceutical companies, and rapid growth in the number of biologics.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Browse 61 market data Tables and 28 Figures spread through 114 Pages and in-depth TOC on "Biological Safety Cabinet Market"
https://www.marketsandmarkets.com/Market-Reports/biological-safety-cabinet-market-60228904.html
Early buyers will receive 10% customization on this report
The Class II biological safety cabinets segment accounted for the largest share of the market in 2017
On the basis of type, the Biological Safety Cabinets Market has been segmented into Class I, Class II, and Class III biological safety cabinets. The Class II biological safety cabinets segment accounted for the largest share of the biological safety cabinet's market in 2017. The large share and high growth of this segment can primarily be attributed to the high level of protection offered by these cabinets.
Pharmaceutical & biopharmaceutical companies held the largest share of the market in 2017
On the basis of end user, the Biological Safety Cabinets Market has been segmented into pharmaceutical & biopharmaceutical companies, diagnostic and testing laboratories, and academic & research institutions. In 2017, the pharmaceutical & biopharmaceutical companies segment accounted for the largest share of the Biological Safety Cabinets Market. This segment is also projected to grow at the highest CAGR during the forecast period. The large share and high growth of the market can be attributed to the increasing demand for drug development and the need to ensure the safety of laboratory personnel.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=60228904
North America to dominate the market in 2017
In 2017, North America accounted for the largest share of the Biological Safety Cabinets Market, followed by Europe. The large share of the North American region can be attributed to the increasing biomedical research and R&D by pharmaceutical companies in the region, growing stem cell research, government support for research in the US, and government support for the development of protein drugs in Canada, which increases the need for biological safety cabinets.
The major market players in the Biological Safety Cabinets Market include Thermo Fisher Scientific (US), Esco Micro (Singapore), Labconco (US), The Baker Company (US), Kewaunee Scientific (US), NuAire (US), Germfree Laboratories (US), EUROCLONE (Italy), Cruma (Spain), Air Science (US), Berner International (Germany), and BIOBASE (China).
Know more about the Biological Safety Cabinets Market:
https://www.marketsandmarkets.com/Market-Reports/biological-safety-cabinet-market-60228904.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article