Biological Safety Cabinets Market Propelling to Reach USD 207.7 Million by 2022

Some of the major participants in biological safety cabinets market comprise Thermo fisher Scientific Inc., Erlab, AirClean Systems Inc., Labconco, Cruma, Germfree, Polypipe, Azbil Telstar S.L, ACMAS Technologies Pvt Ltd, and The Baker Company among others. These players are set to power the biological safety cabinets market in the years to come. The global biological safety cabinets market was capitalized at almost USD 136.4 million in 2016. The biological safety cabinets market is likely to create income of almost USD 207.7 million by end of 2022, developing at a CAGR of 7.26 percent from 2017 to 2022. Global biological safety cabinets market is boosted by an elevation in R&D, atomization, and modernization in research laboratories. In addict to this, increase in healthcare facilities is also responsible for the growth of biological safety cabinets market.

Atomization and modernization in laboratories lower the human errors, efforts, and output time. There is constant growth in biological safety cabinets market over a period of time which makes working comfortable, easier, and safe owing to the features such as energy efficient, adjustable height stand, and factory-equipped UV devices. These factors power the biological safety cabinets market. There is always requirement for an innovative and new product that results in the increase in setup of research lab. This in turn powers the development of the biological safety cabinets market. For example, in May 2017, North America’s Panasonic Healthcare Corporation launched a new Type A2, Class II biological safety cabinet to power the development of biological safety cabinets market. The biological safety cabinets market is divided based on different product types such as Class III, Class II, and Class I. The biological safety cabinets in Class II are likely to develop at fastest pace in the global biological safety cabinets market. Academic, industrial, and research are the major applications of biological safety cabinets market. Industrial division is likely to rule the biological safety cabinets market.

Europe, North America, Latin America, Asia-Pacific, and Middle East & Africa are major regional areas of the global biological safety cabinets market. Europe is likely to rule the biological safety cabinets market closely chased by Latin America and North America owing to increase in healthcare facilities & research and elevated economic growth. Asia-Pacific is likely to undergo a moderate development of biological safety cabinets market due to up-and-coming nations such as China, India, and Japan due to the constant elevation in biotechnology, pharmaceutical, and life science sector. – Zion Market Research