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Biological Safety Cabinets Market, Dynamics, and Market Analysis

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The Biological Safety Cabinets market is expected to grow from USD 163.5 million in 2020 to USD 255.4 million by 2026 at a CAGR of over 7.7% during the forecast period. – PowerPoint PPT presentation

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Title: Biological Safety Cabinets Market, Dynamics, and Market Analysis


1
Presents a Research Report on
Biological Safety Cabinets Market
The report on the Global Biological Safety
Cabinets Market is segmented By Type (Class I,
Class II Class II Type A, Class II Type B,
Class III), By End-Use (Pharmaceutical
Biopharmaceutical Companies, Diagnostics
Testing Laboratories, Academic Research
Organizations), and Region.


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2
Biological Safety Cabinets Market Growth and
Forecast Highlights Drivers
  • The Global Biological Safety Cabinets market is
    expected to grow from USD 163.5 million in 2020
    to USD 255.4 million by 2026 at a CAGR of over
    7.7 during the forecast period.
  • Biological Safety Cabinets, also known as
    biosafety cabinets (BSC) or microbiological
    safety cabinets that are ventilated laboratory
    workspace for working safely at a defined
    biosafety level, with the materials contaminated
    by pathogens.
  • The major purpose of biological safety cabinets
    is to protect the laboratory worker as well as
    the surrounding environment from harmful
    pathogens.
  • It predominantly is used for the containment of
    infectious pathogens and hazardous chemicals
    while working on research.
  • Market Dynamics
  • The rising number of RD activities in both
    pharmaceutical and biopharmaceutical companies
    further bolsters the product demand.
  • The market growth is primarily driven by
    favourable regulations augmenting the use of
    biological safety cabinets in the healthcare
    industry coupled with an increased risk of
    pandemics and communicable diseases.
  • Moreover, the rapid growth in the number of
    biologics increased investment in healthcare
    infrastructure in growing economies, further
    proliferate the market growth.

3
Biological Safety Cabinets Market Growth and
Forecast Highlights Drivers
  • COVID-19 Impact on Global Biological Safety
    Cabinets market
  • The ongoing COVID-19 pandemic is likely to
    positively influence the biological cabinets
    industry in 2020.
  • Stringent lockdown measures, quarantine for the
    infected across the globe, as well as restricted
    movement, and a rising concern for the cure and
    treatment of the virus.
  • In addition, funds and grants for the production
    of vaccine and drug approval require safe
    cabinets to prevent the spread of the virus, thus
    spurs the demand for biological safety cabinets.
  • Critical Questions Answered in the Report
  • What are the key trends in the global biological
    safety cabinets market?
  • How the market (and its various sub-segments) has
    grown in the last five years and what would be
    the growth rate in the next five years?
  • What is the impact of COVID-19 on the global
    biological safety cabinets market?
  • What are the key strategies adopted by the major
    vendors to lead in the global biological safety
    cabinets market?
  • What is the market share of the top vendors?

4
Market Insights
  • By Type
  • The biological safety cabinets market has been
    categorized into Class I, Class II, and Class
    III.
  • Among these, the Class II garnered the highest
    market share of over 40 in 2020 and is projected
    to register a healthy CAGR during the forecast
    period.
  • It offers complete protection and are mainly used
    in basic research activities.
  • Moreover, it offers protection for product,
    personnel, as well as the environment.
  • By Region
  • North America witnessed the largest market share
    of around 34 and is estimated to grow at a
    robust CAGR during the review period.
  • This is mainly attributed to the presence of
    well-established healthcare companies, strong
    funding for RD activities, a strong base of
    vaccination and epidemiology centres, and the
    rising prevalence of epidemics.
  • In addition, rising incidences of chronic
    diseases and the quick adoption of advanced
    technologies, in the region further contribute to
    the regional market growth.

5
Competitive Insights
Biological Safety Cabinets Market, regional
expansion, and execution of mergers
acquisitions are the key strategies adopted by
the major players to gain a competitive edge in
the market. Key Companies Analysed
  • Thermo Fisher Scientific, Inc. (The U.S),
  • Laboconco Corporation (The U.S),
  • Nuaire Inc. (The U.S),
  • The Baker Company (The U.S),
  • Azbil Telstar (Spain),
  • Jinan Biobase Biotech (China),
  • Germfree laboratories (The U.S),
  • Air science Inc. (The U.S),
  • HAIER BIOMEDICAL (The U.S),
  • CRUMA S.A (Spain).

6
Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research
  • Annual Reports / Fact Book
  • Company Websites
  • Magazines / Publications
  • Press Releases Journals
  • Industry News
  • Association Articles
  • Government Documents
  • Social Media
  • Others
  • Robust database across value chain
  • In-house industry veterans as advisors
  • Project based subject matter experts
  • Industry Players
  • Industry Experts
  • Suppliers
  • Customers
  • Associations
  • Government Institutions
  • Others

7
Report Features
  • This report provides market intelligence in the
    most comprehensive way. The report structure has
    been kept such that it offers maximum business
    value. It provides critical insights on the
    market dynamics and will enable strategic
    decision making for the existing market players
    as well as those willing to enter the market. The
    following are the key features of the report
  • Market structure Overview, industry life cycle
    analysis, supply chain analysis.
  • Market environment analysis Growth drivers and
    constraints, Porters five forces analysis, SWOT
    analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics Market share,
    product portfolio, product launches, etc.
  • Attractive market segments and associated growth
    opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing
    and new players.
  • Key success factors.

8
About Stratview Research
Stratview Research is a global market
intelligence firm providing high quality
syndicated reports, custom research and
consulting services.
Our Services
Why Us?
High Customer Delight
Rich Industry Experience
Robust Methodology
Effective Business Decisions
9
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esearch.com/Request-Sample/1283/limestone-market.h
tmlform
10
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