Global Biological Safety Cabinets Market to Reach $318.8 Million by 2030

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

New York, Feb. 02, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Biological Safety Cabinets Industry” – https://www.reportlinker.com/p05956110/?utm_source=GNW
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Biological Safety Cabinets Market to Reach $318.8 Million by 2030

In the changed post COVID-19 business landscape, the global market for Biological Safety Cabinets estimated at US$199.8 Million in the year 2022, is projected to reach a revised size of US$318.8 Million by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Class I, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$111 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Class II segment is readjusted to a revised 6.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $58.5 Million, While China is Forecast to Grow at 5.6% CAGR

The Biological Safety Cabinets market in the U.S. is estimated at US$58.5 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$55.8 Million by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Select Competitors (Total 42 Featured)
– Air Science LLC
– Berner International
– BIOBASE
– Cruma – Diantech Solutions S.L.
– Esco Micro Pte. Ltd.
– Euroclone S.p.A.
– Germfree
– Kewaunee Scientific Corporation
– Labconco Corporaton
– NuAire, Inc.
– The Baker Company, Inc.
– Thermo Fisher Scientific, Inc.

Read the full report: https://www.reportlinker.com/p05956110/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Biological Safety Cabinet to Register Steady Growth
Class II Biological Safety Cabinets to Account for Highest
Growth, Driven by Higher Level of Protection
A Brief Description of Class I, Class II, and Class III
Biological Safety Cabinets
By End-User Segment, Pharmaceutical & Biopharmaceutical
Companies to Register Largest Growth
Market Share of Biological Safety Cabinet by End-User Type
Biological Safety Cabinets – Global Key Competitors Percentage
Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Emergence of Various Communicable Diseases to Bode Well for
Market Demand
Breakdown of Total Number of Diseases Reported by Disease
Variety: 1980 to 2010
Total Number of Disease Cases from Fleas, Ticks, and Mosquitoes
in the US: 2004 to 2016
Innovations to Support Market Growth
Spur in R&D Activities to Bode Well for Market Growth
Total Worldwide Spending (in Billion USD) on Pharmaceutical R&
D: 2010 to 2024
Availability of Alternatives to Biological Safety Cabinets to
Deter Market Growth

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Biological Safety Cabinets by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ for Years 2022
through 2030 and % CAGR

Table 2: World Historic Review for Biological Safety Cabinets
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ for Years 2014 through…