North America Biosafety Cabinets Market Drivers and Forecasts by 2027
North America Biosafety Cabinets Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Class I, Class II, and Class III); End Users (Diagnostic and Testing Laboratories, Academic and Research Institutions, Pharmaceutical and Biopharmaceutical Companies, and Other End Users), and Country
- Status : Published
- Report Code : TIPRE00016311
- Category : Life Sciences
- No. of Pages : 96
- Available Report Formats :
- Last update date : November 18, 2020
2019 Market Size
US$ 76.62 Mn
Base year value
2027 Forecast
US$ 147.31 Mn
Projected by 2027
CAGR 2020-2027
8.5 %
Growth rate
Addressable Market
US$ 900.38 Mn
(2020-2027)
The North America biosafety cabinets market is expected to reach US$147.31 million by 2027from US$ 76.62 million in 2019. The market is estimated to grow at a CAGR of 8.5%from 2020 to 2027.
The growth of the market is attributed tothe rising research and development activities coupled with growing adoption of biosafety cabinets is estimated to offer lucrative opportunity for market growth during the forecast period. However, the high cost involved in the installation and maintenance of biosafety cabinets limits the growth of market in this region.
The North America biosafety cabinets market is expected to witness significant growth during the forecast period. Significant growth in prevalence of infectious as well as chronic diseases is boosting the research and development. This increase in research and development generates lucrative opportunity for the North America biosafety cabinets market during the forecast period. In addition, implementation of safety and protection regulations for healthcare workers is expected to have positive impact on the growth of the market.
US is among the major countries in the biosafety cabinets market in this region. The growth of USbiosafety cabinets marketis prominently attributed to increasing adoption of biosafety cabinets during research processes and increasing number of product launches. Additionally, rapid technological innovations and collaborations are boosting the biosafety cabinets market growth in the country.
North America Biosafety Cabinets Market Revenue and Forecast to 2027 (US$ Million)
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
- Esco Group of Companies
- Thermo Fisher Scientific Inc.
- Azbil Telstar
- Baker
- NuAire Inc.
North America Biosafety Cabinets Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 76.62 Million |
| Market Size by 2027 | US$ 147.31 Million |
| CAGR (2020 - 2027) | 8.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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