Rising Strategic Initiatives is Fueling North America Biosafety Cabinet Market
Companies are investing in the development of new and innovative instruments to secure good return on investment (ROI). Additionally, the product approval by regulatory authorities confirms reliability and credibility of the new age control units and sanitized workstations. Recently, various market players have launched high-end and top-quality biosafety cabinets and adopted acquisition strategy in the market. A few strategies by market players have been done in recent years. For instance, in September 2022, Thermo Fisher Scientific launched the Thermo Scientific 1500 Series Biological Safety Cabinet (BSC), designed to meet the demands of most laboratories and provide protection from biological hazards and contamination. Similarly, in May 2021, Labconco launched the updated Purifier Axiom Biosafety Cabinet. The exclusive features of the Labconco Class II, Type C1 Axiom series biosafety cabinets have made them highly sought-after safety tools for almost any microbiological application. Further, in February 2021, Thermo Fisher Scientific expanded its offering of Class II Biological Safety Cabinets (BSCs) with advancement in existing products. The cabinets are designed to meet the sample and user protection requirements of bioprocessing, clinical diagnostic, and biopharmaceutical laboratories. These recent developments enhance the mode of performing experiments in large and medium-sized laboratories that work with cell cultures. The mounting number of novel product launches and acquisitions facilitates the growth of the North America biosafety cabinet market.North America Biosafety Cabinet Market Overview
The North America biosafety cabinet market is segmented into the US, Canada, and Mexico. The US dominated the market in 2023. The US is having the largest pharmaceutical and biotechnology market; therefore, drug development activities have increased drastically across the country. The 15 largest pharmaceutical companies, among which ~8 company are US based has invested US$133 billion in 2021 in R&D expenditure. Those expenditures covered a variety of activities, including discovering and testing new drugs, developing incremental innovations such as product extensions, and clinical testing for safety-monitoring or marketing purposes. These activities involve handling reagents of varying risks that mandates the use of appropriate safety equipment offered by biosafety cabinets. There are three classes of biosafety cabinets designated in the United States: Class I, Class II, and Class III. Class II is further differentiated into A1, A2, B1, or B2. The classification for most biosafety cabinets used in the United States is Class II Type A2.North America Biosafety Cabinet Market Revenue and Forecast to 2028 (US$ Million)
North America Biosafety Cabinet Market Segmentation
The North America biosafety cabinet market is segmented into products handled, category, type, application, end user, and country.Based on products handled, the North America biosafety cabinet market is bifurcated into biological products and toxic products. The biological products segment held a larger share of the North America biosafety cabinet market in 2023.
Based on category, the North America biosafety cabinet market is segmented into work trays, side panel construction, and accessories. The work trays segment held the largest share of the North America biosafety cabinet market in 2023.
Based on type, the North America biosafety cabinet market is segmented into class I biosafety cabinet, class II type A2 & class II type B1, class II type B2 biosafety cabinet, class II biosafety cabinet, customized cabinets, and others. The class II type A2 & class II type B1 segment held the largest share of the North America biosafety cabinet market in 2023.
Based on application, the North America biosafety cabinet market is segmented into medical health, disease prevention, food safety, biological pharmacy, environment monitoring, and others. The disease prevention segment held the largest share of the North America biosafety cabinet market in 2023.
Based on end user, the North America biosafety cabinet market is segmented into academic centers, biotech & pharmaceutical companies, microbiology centers, research & development centers, hospitals & clinics, diagnostic laboratories, and others. The biotech & pharmaceutical companies segment held the largest share of the North America biosafety cabinet market in 2023.
Based on country, the North America biosafety cabinet market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US dominated the North America biosafety cabinet market in 2023.
ACMAS Technologies, Biobase Biodusty Co Ltd, Esco Group of Companies, Haier Biomedical, Kewaunee Scientific Corp, Labconco Corp, NuAire Inc, and Thermo Fisher Scientific Inc are the leading companies operating in the North America biosafety cabinet market.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ACMAS Technologies
- Biobase Biodusty Co Ltd
- Esco Group of Companies
- Haier Biomedical
- Kewaunee Scientific Corp
- Labconco Corp
- NuAire Inc
- Thermo Fisher Scientific Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | July 2023 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 144.43 million |
Forecasted Market Value ( USD | $ 205.16 million |
Compound Annual Growth Rate | 7.3% |
Regions Covered | North America |