The biological safety cabinets market projected to grow at a CAGR of 7.4%

Monday, May 28, 2018 General News
Email Print This Page Comment bookmark
Font : A-A+

NEW YORK, May 28, 2018 /PRNewswire/ -- The biological safety cabinets market projected to grow at a CAGR of 7.4%The

biological safety cabinets market is projected to reach USD 205.9 million by 2022 from USD 144.3 million in 2017, at a CAGR of 7.4% during the forecast period. Factors such as favorable regulations,
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 are expected to drive the growth of this market during the forecast period. On the other hand, the high cost of biological safety cabinets and alternative containment cabinets are expected to restrict the growth of the market to a certain extent.Read the full report: https://www.reportlinker.com/p05402507 By end user, pharmaceutical & biopharmaceutical companies segment is expected to grow at the highest CAGR during the forecast period (2017–2022).Based on end user, the global biological safety cabinets market is segmented into pharmaceutical & biopharmaceutical companies, diagnostic & testing laboratories, and academic & research institutions. The pharmaceutical & biopharmaceutical companies segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for drug development and the need to ensure the safety of laboratory personnel.Asia Pacific to witness the highest growth during the forecast period (2017-2022)While North America held the largest share of the market in 2017, Asia Pacific is expected to witness the highest growth during the forecast period. The high growth rate of this region can be primarily attributed to the rising investments by pharmaceutical companies in Asia Pacific countries, rising burden of infectious disease, high growth of the healthcare industry in China; growing pharmaceutical and medical devices industry in Japan; development of bioclusters to boost the biotechnology sector in India; biomedical research in Australia; and increasing pharmaceutical and biotechnology R&D activities in South Korea.Break of primary participants was as mentioned below:• By Company Type – Tier 1–65%, Tier 2–25% and Tier 3–10%• By Designation – C-level–30%, Director Level–48%, Others–22%• By Region – North America–48%, Europe–20%, Asia Pacific–25%, Row–7%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).Research Coverage:The report analyzes the biological safety cabinets market and aims at estimating the market size and future growth potential of this market based on various segments such as type, end user, and region. The report also includes the competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.Reasons to Buy the ReportThe report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater market share. Firms purchasing the report could use one or any combination of the below mentioned five strategies.This report provides insights into the following pointers:• Market Penetration: Comprehensive information on the product portfolios of the top players in the biological safety cabinets market. The report analyzes the market based on type, end user, and region• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the biological safety cabinets market• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various biological safety cabinets across regions• Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the market• Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the biological safety cabinets marketRead the full report: https://www.reportlinker.com/p05402507 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

Cision View original content:http://www.prnewswire.com/news-releases/the-biological-safety-cabinets-market-projected-to-grow-at-a-cagr-of-7-4-300655446.html

SOURCE Reportlinker



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store