According to the report, the global biological safety cabinets market was valued at approximately USD 136.4 million in 2016 and is expected to generate revenue of around USD 207.7 million by 2022, growing at a CAGR of 7.26% between 2017 and 2022.

Sarasota, FL, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Biological safety cabinets Market by Product Type (Class I, Class II and Class III) for Industrial, Academic and Research Applications: Global Industry Perspective, Comprehensive Analysis, and forecast, 2016-2022”. According to the report, the global biological safety cabinets market was valued at approximately USD 136.4 million in 2016 and is expected to generate revenue of around USD 207.7 million by 2022, growing at a CAGR of 7.26% between 2017 and 2022.

Biological safety cabinets are an enclosed laboratory space specially designed with HEPA (High-Efficiency Particulate Arrestance) filters to keep the workspace and environment clean and free from harmful pathogens and bacteria. These cabinets allow an individual to work safely with the biohazardous material in the enclosed atmosphere with maintained conditions. Biological safety cabinets play an important role in life science, biotechnology and pharmaceutical industry to carry out research for drug discovery which helps in the treatment of diseases or to develop any new vaccine against the disease. These cabinets are also used for academic and research purposes in the institute.

Browse through 61 Market Tables and 17 Figures spread through 110 Pages and in-depth TOC on "Global Biological Safety Cabinets Market, 2016 – 2022: Industry Size, Share & Analysis Report”.

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Global biological safety cabinets market is driven by an increase in R&D, modernization and atomization in research laboratories, and increase in healthcare facilities. Modernization and atomization in laboratories reduce the human efforts, errors and output time. There is constant development in biological safety cabinets over a period of time which makes working easier, comfortable, and safe due to the features such as adjustable height stand, energy efficient, and factory installed UV and others. There is always a demand for a new and innovative product which leads to the increase in research lab setup which in turn fuels growth the biological safety cabinets.

The Biological safety cabinets market is segmented on the basis of different product types such as Class I, Class II and Class III. Class II biological safety cabinets are expected to grow at fastest rate in the global biological safety cabinets market.

Browse the full " Biological Safety Cabinets Market by Product Type (Class I, Class II, Class III) for Industrial, Academic and Research Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022" report at https://www.zionmarketresearch.com/report/biological-safety-cabinets-market

Industrial, academic, and research are the key applications of biological safety cabinets market. Industrial segment is expected to dominate the market over the forecast period.

Europe represents developed regional market for laboratory equipment and expected to grow rapidly over the forecast period. The growth is mainly due to the advanced technology used for the manufacturing of biological safety cabinets, high economic growth, and increase in research lab setups. Increase in healthcare facilities and disposable income are expected to fuel the growth of biological safety cabinets market.

North America and Latin America are closely following Europe in terms of revenue due to developed economic conditions such as U.S. The growth is mainly a due increase in research lab setups, high disposable income, increased healthcare facilities promote the growth of biological safety cabinets market over the forecast period.

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Asia Pacific is the third largest growing market in lab equipment due to and expect to grow moderately over the forecast period due to the presence of emerging economies such as India, China, and Japan because of increase in life science, pharmaceutical and biotechnology industry in this region which in turn fuel the growth of biological safety cabinets market.

In the Middle East and Africa region is expected to experience a considerable growth over the forecast period due to high cost, few research lab setups, and low economic growth. Thus, all aforementioned parameters are expected to propel the growth of biological safety cabinets market in this region.

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Some of the key players in biological safety cabinets market include Erlab, Thermo fisher Scientific Inc., Labconco, AirClean Systems Inc., Germfree, Cruma, Azbil Telstar S.L, and Polypipe, The Baker Company and ACMAS Technologies Pvt Ltd among others.

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This report segments the global biological safety cabinets market as follows:

Global Biological Safety cabinets market: Product Type Segment Analysis

• Class I
• Class II
• Class III

Global Biological Safety Cabinets Market: Application Segment Analysis

• Industrial
• Academic
• Research

Global Biological Safety Cabinets Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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