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Pune, India, Nov. 24, 2022 (GLOBE NEWSWIRE) -- MarketStudyReport recently added latest report, global biological safety cabinet (biosafety cabinet) market , which accumulated a valuation of around USD 196.8 million in 2021, is expected to record a decent CAGR of 7.47% during 2022-2028, and ultimately account for a valuation of USD 328.63 million by the end of the forecast period.
The primary market segments are thoroughly examined as well. Based on their product portfolios, financial standing, pricing policies, and R&D endeavors, important industry participants are evaluated for the benefit of stakeholders to determine the intensity of rivalry.
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Growth Drivers & Restraints:
Surge in the incidences of chronic diseases, soaring geriatric population, and increasing demand for portable wireless systems are the primary factors driving global biological safety cabinet market growth.
In addition, extensive R&D efforts across major pharmaceutical and biopharmaceutical corporations alongside favorable government policies that encourage the development of biosafety cabinets are estimated to further augment the revenue margins of the marketplace in the upcoming years.
Despite the positive outlook, the presence of better alternatives and the expensive nature of these equipment may severely limit the prospects of expansion for the market over the analysis period.
Segmentation & Regional Overview:
In terms of type, the overall industry space has been segregated into class III type, class II type B, and class II type A.
Considering the scope of application, disease prevention and control, hospital, pharmaceutical factory, and academic research find impressive utility in worldwide biological safety cabinet market. Among these the pharmaceutical factory segment is anticipated to account for a promising share during the forecast period, ascribed to the ongoing R&D efforts within prominent pharmaceutical factories that necessitate the availability of top-notch facilities and equipment.
From a regional standpoint, North America market is poised to grow at a promising pace during the forecast period, owing to increasing incidences of chronic diseases, adoption of newer technologies, and notable R&D advancements in the region.
In similar line, Asia Pacific region is estimated to account for a substantial share of the overall market revenue during the review timeline, ascribed to increasing R&D budgets, favorable government policies, presence of skilled labor, and increasing investments by prominent moguls in the region.
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Moving to competitive landscape, Labconco Corporation, Donglian Hair Instrument, Biobase GmbH, Heal Force Bio-Meditech Holdings Ltd, Kewaunee Scientific Corporation, Baker Company Inc., NuAire, Telstar Life Science Solutions, Airtech, Thermo Fisher Scientific Inc., Esco Scientific, and others are the major players that are vying against each other to gain prominence in global biological safety cabinet industry sphere.
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Global Biological Safety Cabinet (Biosafety Cabinet) Market, By Product Type (Value, USD Million, 2016-2028)
Class III Type Class II Type B Class II Type A
Global Biological Safety Cabinet (Biosafety Cabinet) Market, By Application (Value, USD Million, 2016-2028)
Disease Prevention and Control Hospital Pharmaceutical Factory Academic Research
Global Biological Safety Cabinet (Biosafety Cabinet) Market, By Region (Value, USD Million, 2016-2028)
Argentina Brazil Rest of South America
Russia Italy France Spain UK Germany Rest of Europe
Australia India China Japan New Zealand Rest of Asia Pacific
Middle East & Africa
Turkey Saudi Arabia Africa United Arab Emirates Iran Rest of MEA
Global Biological Safety Cabinet (Biosafety Cabinet) Market, Company Profiles (Value, USD Million, 2016-2028)
Labconco Corporation Donglian Hair Instrument Biobase GmbH Heal Force Bio-Meditech Holdings Ltd Kewaunee Scientific Corporation Baker Company Inc. NuAire Telstar Life Science Solutions Airtech Thermo Fisher Scientific Inc. Esco Scientific
1. What are global biological safety cabinet market's size and projections for 2022-2028
2. How is global biological safety cabinet market being shaped throughout the assessment timeline by COVID-19 and its impeding factors
3. What is the competitive strategic window for growth potential in global biological safety cabinet market
4. What are the key geographical arenas that can influence global biological safety cabinet market revenue
TABLE OF CONTENTS:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
Chapter 5: Biological Safety Cabinet [Biosafety Cabinet] Market by Type
5.1 Biological Safety Cabinet [Biosafety Cabinet] Market Overview Snapshot and Growth Engine
5.2 Biological Safety Cabinet [Biosafety Cabinet] Market Overview
5.3 Class II Type A
5.3.4 Class II Type A: Geographic Segmentation
5.5 Class III Type
Chapter 6: Biological Safety Cabinet [Biosafety Cabinet] Market by Application
6.1 Biological Safety Cabinet [Biosafety Cabinet] Market Overview Snapshot and Growth Engine
6.2 Biological Safety Cabinet [Biosafety Cabinet] Market Overview
6.3 Pharmaceutical Factory
6.5 Disease Prevention and Control
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
Global Biosafety Cabinet Market Research Report 2022
Global biosafety cabinet market Size was estimated at USD 199.58 million in 2021 and is projected to reach USD 326.8 million by 2028, exhibiting a CAGR of 7.3% during the forecast period. Global Biosafety Cabinet Market Report 2022 comes with the extensive industry analysis with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.This research study of Biosafety Cabinet involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.
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