Market Introduction
Biosafety Cabinets are efficient devices that are used for controlling the contamination in laboratories dealing with infectious agents. Theses act as a primary barrier for restricting the escape of biological aerosols in the lab environment. The biosafety cabinets are broadly classified in three types that include class I cabinets, class II cabinets and class III cabinets. There are specific regulations and guidelines imposed by the medical ruling authorities in each region that recommends the use of appropriate type of biosafety cabinet to carry out protocols based on the levels of risk involved.
Market Overview and Dynamics
The Europebiosafety cabinets market is projectedto reach US$ 89.30 millionby2027 from US$ 48.92 millionin 2019. The market is anticipated to grow with a CAGR of 7.8% from 2020 to 2027. Factors driving the market growth include expansion of research and development activities due to huge investments by private players and government authorities and rising technological developments in biosafety cabinets. In addition, rising demand for advanced protective equipment for researchers is also anticipated to offer lucrative opportunity for the Europe biosafety cabinets market during the forecast period. However, the high cost involved in the installation and maintenance of biosafety cabinetsis likely to have a negative impact on the market growth.
Key Market Segments
Based ontype, the class II type segment accounted for a largershare ofthe Europe biosafety cabinets market in 2019. In terms of end user, the pharmaceutical and biopharmaceutical companies segment held a largershare of the biosafety cabinets market in Europe.
Major Sources and Companies Listed
A few major primary and secondary sources referred towhile preparing the Europe biosafety cabinetsmarket report are World Health Organization, Ministry of Health and Prevention, and Ministry of Health and Family Welfare.
Reasons to buy the report
- To understand the Europe biosafety cabinets market landscape and identifymarket segments that are most likely to guarantee a strong return
- To stay ahead incomprehending the ever-changing competitive landscape of theEuropebiosafety cabinets market
- To efficiently plan M&A and partnership dealsin the Europebiosafety cabinets market by identifying market segments with the most promising probable sales
- To help takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segmentsinthe Europebiosafety cabinets market
- To obtain market revenue forecast from 2019 to 2027 in various segmentsofthe Europebiosafety cabinets
EUROPEBIOSAFETY CABINETS MARKET SEGMENTATION
By Type
- Class I
- Class II
- Class III
By End User
- Diagnostic and Testing Laboratories
- Academic and Research Institutions
- Pharmaceutical and Biopharmaceutical Companies
- Other End Users
By Country
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- Esco Group of Companies
- Thermo Fisher Scientific Inc.
- Azbil Telstar
- Baker
- NuAire Inc.