Industry Background:
The Safety Cabinets market is expected to witness high growth in the forecasted period of the rising number of R&D activities in biopharmaceutical and pharmaceutical companies. The need to safeguard product, agent, personnel, and environment from biohazard exposure and cross-contamination during procedures is on a gradual rise due to growth in the handling of critical agents. Gaining traction of automation is helping to boost the global Safety Cabinets market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher Scientific (United States), Esco Micro (Singapore), Labconco Corporation (United States), The Baker Company (United States), Kewaunee Scientific Corporation (United States), NuAire (United States), Germfree Laboratories (United States), EUROCLONE (Italy), Cruma (Spain) and Air Science LLC (United States) |
According to AMA, the market for Safety Cabinets is expected to register a CAGR of 7.5% during the forecast period to 2027. This growth is primarily driven by High Demand due to Favorable Government Regulations and Rapid Growth in the Number of Biologics.
Globally, a noticeable market trend is evident The Growing Need Introduce Novel Products in the Market
The Health Care Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermo Fisher Scientific (United States), Esco Micro (Singapore), Labconco Corporation (United States), The Baker Company (United States), Kewaunee Scientific Corporation (United States), NuAire (United States), Germfree Laboratories (United States), EUROCLONE (Italy), Cruma (Spain) and Air Science LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 10th April 2018, A cloud-enabled biological safety cabinet (BSC) has been specifically developed to address the need for uncompromised contamination control, seamless workflow connectivity and enhanced ease of use in cell culture laboratories.
Influencing Trend:
The Growing Need Introduce Novel Products in the Market and Increased Risk of Pandemics and Communicable Diseases
Market Growth Drivers:
High Demand due to Favorable Government Regulations and Rapid Growth in the Number of Biologics
Challenges:
Increasing Concern Related to Alternative Containment Cabinets
Restraints:
High Cost Associated with Safety Cabinets
Opportunities:
The Rapid Development of Biotechnology and Research Sectors Developing Countries and The Rising Demand from Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Safety Cabinets Market
- Analysis about New Entrants in Safety Cabinets Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Safety Cabinets Study Sheds Light on
The Safety Cabinets Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Safety Cabinets industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Safety Cabinets industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.