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 North Americabiosafety cabinets market is projectedto reach US$ 147.31 millionby2027 from US$ 76.62 millionin 2019. The market is anticipated to grow with a CAGR of 8.5% from 2020 to 2027. Factors driving the market growth include increasing research activities, accelerating drug & vaccines production due to considerable prevalence of infectious diseases, and increasing number of product launches. 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 North Americabiosafety cabinets market in 2019. In terms of end user, the pharmaceutical and biopharmaceutical companies segment held a largershare of the biosafety cabinets market in North America.
Major Sources and Companies Listed
A few major primary and secondary sources referred towhile preparing the North Americabiosafety cabinets market 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 North Americabiosafety 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 theNorth Americabiosafety cabinets market
- To efficiently plan M&A and partnership dealsin the North Americabiosafety 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 North Americabiosafety cabinets market
- To obtain market revenue forecast from 2019 to 2027 in various segmentsofthe North Americabiosafety cabinets
NORTH AMERICABIOSAFETY 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
- US
- Canada
- Mexico
Company Profiles