Asia Pacific Biosafety Cabinets Market Key Players and Forecast by 2027
Asia Pacific 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
- Report Date : Nov 2020
- Report Code : TIPRE00016091
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 108
The Asia Pacific biosafety cabinets market is expected to reach US$ 52.79 million by 2027 from US$ 27.16 million in 2019. The market is estimated to grow at a CAGR of 8.7% from 2020 to 2027.
The growth of the market is attributed to the rising research and development activities coupled with rising technological advancements in biosafety cabinets. However, the high cost involved in the installation and maintenance of biosafety cabinets is likely to have a negative impact on the market growth.
The Asia Pacific biosafety cabinets market is expected to witness significant growth during the forecast period. An increasing awareness of biosafety cabinets and developing research infrastructure. Moreover, growing investments for research and development as well as for vaccines development are estimated to offer lucrative opportunity for the Asia Pacific biosafety cabinets market during the forecast period.
Japan is among the major countries in the biosafety cabinets market in this region. The growth of Japan biosafety cabinets market is prominently attributed to availability of prominent market players, awareness about the benefits offered by biosafety cabinets, and robust research infrastructure. Additionally, rapid technological innovations and collaborations are boosting the biosafety cabinets market growth in the country.
Asia Pacific Biosafety Cabinets Market Revenue and Forecast to 2027 (US$ Million)
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Asia Pacific Biosafety 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
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Company Profiles
- Esco Group of Companies
- Thermo Fisher Scientific Inc.
- Azbil Telstar
- Baker
- NuAire Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, End Users, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Biosafety Cabinets Market – By Type
1.3.2 Asia Pacific Biosafety Cabinets Market – By End User
1.3.3 Asia Pacific Biosafety Cabinets Market – By Region
2. Biosafety Cabinets Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biosafety Cabinets– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinion
5. Asia Pacific Biosafety Cabinets Market – Industry Dynamics
5.1 Key Drivers
5.1.1 Rising Prevalence of Infectious Diseases
5.1.2 Technological Advancements in Biosafety Cabinets
5.2 Market Restraint
5.2.1 High Cost and Maintenance of Biosafety Cabinets
5.3 Market Opportunity
5.3.1 Rapid Development in Pharmaceutical and Biotechnology Research
5.4 Future Trend
5.4.1 Increasing Adoption of Cell-Based and Regenerative Therapies
5.5 Impact Analysis
6. Biosafety Cabinets Market – Regional Analysis
6.1 Asia Pacific Biosafety Cabinets Market Revenue Forecast and Analysis
7. Biosafety Cabinets Market Analysis – By Type
7.1 Overview
7.2 Biosafety Cabinets Market Revenue Share, by Type, 2019 and 2027 (%)
7.2.1 Asia Pacific Biosafety Cabinets Market , by Type – Revenue and Forecast to 2027 (USD Million)
7.3 Class I
7.3.1 Overview
7.3.2 Class I: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Class II
7.4.1 Overview
7.4.2 Class II: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Class III
7.5.1 Overview
7.5.2 Class III: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
8. Biosafety Cabinets Market – By End User
8.1 Overview
8.2 Biosafety Cabinets Market, by Application, 2019 and 2027 (%)
8.2.1 Asia Pacific Biosafety Cabinets Market, by End User– Revenue and Forecast to 2027 (USD Million)
8.3 Diagnostic and Testing Laboratories
8.3.1 Overview
8.3.2 Diagnostic and Testing Laboratories: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Academic And Research Institutions
8.4.1 Overview
8.4.2 Academic And Research Institutions: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Pharmaceutical and Biopharmaceutical Companies
8.5.1 Overview
8.5.2 Pharmaceutical and Biopharmaceutical Companies: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Other End Users
8.6.1 Overview
8.6.2 Other End Users: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
9. Biosafety Cabinets Market – Regional Analysis
9.1 Asia Pacific: Biosafety Cabinets Market
9.1.1 Overview
9.1.2 Asia Pacific Biosafety Cabinets Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.3 Asia Pacific Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.4 Asia Pacific Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.5 Asia Pacific: Biosafety Cabinets Market, by Country, 2019 & 2027 (%)
9.1.5.1 China: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.1.1 China: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.1.2 China Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5.1.3 China Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.5.2 Japan: Biosafety Cabinets Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.2.1 Japan: Biosafety Cabinets Market – Revenue and Forecast to 2027 (USD Million)
9.1.5.2.2 Japan Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5.2.3 Japan Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.5.3 India: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.3.1 India: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.3.2 India Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5.3.3 India Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.5.4 South Korea: Biosafety Cabinets Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.5.4.1 South Korea: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.4.2 South Korea Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5.4.3 South Korea Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.5.5 Australia Biosafety Cabinets Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.5.5.1 Australia: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.5.2 Australia Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5.5.3 Australia Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.5.6 Rest of Asia Pacific Biosafety Cabinets Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.5.6.1 Rest of Asia Pacific: Biosafety Cabinets Market- Revenue and Forecasts to 2027 (USD Million)
9.1.5.6.2 Rest of Asia Pacific Biosafety Cabinets Market, by Type – Revenue and Forecast to 2027 (USD Million)
9.1.5.6.3 Rest of Asia Pacific Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
10. Impact of COVID-19 Pandemic on Asia Pacific Biosafety Cabinets Market
10.1 Asia Pacific: Impact assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Esco Group of Companies
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 THERMO FISHER SCIENTIFIC INC.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Azbil Telstar
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Baker
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 NuAire
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Biosafety Cabinets Market , by Type – Revenue and Forecast to 2027 (USD Million)
Table 2. Asia Pacific Biosafety Cabinets Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 3. Asia Pacific Biosafety Cabinets Market, By Type– Revenue And Forecast To 2027 (USD Million)
Table 4. Asia Pacific Biosafety Cabinets Market, by End User– Revenue And Forecast To 2027 (USD Million)
Table 5. China Biosafety Cabinets Market, By Type – Revenue And Forecast To 2027 (USD Million)
Table 6. China Biosafety Cabinets Market, By End User – Revenue And Forecast To 2027 (USD Million)
Table 7. Japan Biosafety Cabinets Market, By Type– Revenue And Forecast To 2027 (USD Million)
Table 8. Japan Biosafety Cabinets Market, By End User– Revenue And Forecast To 2027 (USD Million)
Table 9. India Biosafety Cabinets Market, By Type– Revenue And Forecast To 2027 (USD Million)
Table 10. India Biosafety Cabinets Market, By End User– Revenue And Forecast To 2027 (USD Million)
Table 11. South Korea Biosafety Cabinets Market, By Type – Revenue And Forecast To 2027 (USD Million)
Table 12. South Korea Biosafety Cabinets Market, By End User – Revenue And Forecast To 2027 (USD Million)
Table 13. Australia Biosafety Cabinets Market, By Type– Revenue And Forecast To 2027 (USD Million)
Table 14. Australia Biosafety Cabinets Market, By End User– Revenue And Forecast To 2027 (USD Million)
Table 15. Rest of Asia Pacific Biosafety Cabinets Market, By Type– Revenue And Forecast To 2027 (USD Million)
Table 16. Rest of Asia Pacific Biosafety Cabinets Market, By End User– Revenue And Forecast To 2027 (USD Million)
Table 17. Glossary of Terms, Biosafety Cabinets Market
LIST OF FIGURES
Figure 1. Biosafety Cabinets Market Segmentation
Figure 2. Biosafety Cabinets Segmentation – By Region
Figure 3. Asia Pacific Biosafety Cabinets Market Overview
Figure 4. The Class II Type Segment Held Largest Share in Biosafety Cabinets Market
Figure 5. India is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Asia Pacific PEST Analysis
Figure 7. Biosafety Cabinets Market Impact Analysis of Driver and Restraints
Figure 8. Asia Pacific Biosafety Cabinets Market – Revenue Forecast and Analysis – 2019- 2027
Figure 9. Biosafety Cabinets Market Revenue Share, by Type, 2019 and 2027 (%)
Figure 10. Class I: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Class II: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Class III: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Biosafety Cabinets Market, by Application, 2019 and 2027 (%)
Figure 14. Diagnostic and Testing Laboratories: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Academic And Research Institutions: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Pharmaceutical and Biopharmaceutical Companies: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Other End Users: Biosafety Cabinets Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Asia Pacific: Biosafety Cabinets Market, By Key Country – Revenue (2019) (USD Million)
Figure 19. Asia Pacific Biosafety Cabinets Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia Pacific: Biosafety Cabinets Market, By Country, 2019 & 2027 (%)
Figure 21. China Biosafety Cabinets Market Revenue and Forecasts To 2027 (USD Million)
Figure 22. Japan: Biosafety Cabinets Market- Revenue And Forecasts To 2027 (USD Million)
Figure 23. India: Biosafety Cabinets Market- Revenue And Forecasts To 2027 (USD Million)
Figure 24. South Korea: Biosafety Cabinets Market- Revenue And Forecasts To 2027 (USD Million)
Figure 25. Australia: Biosafety Cabinets Market- Revenue And Forecasts To 2027 (USD Million)
Figure 26. Australia: Biosafety Cabinets Market- Revenue And Forecasts To 2027 (USD Million)
Figure 27. Impact of COVID-19 Pandemic on Biosafety Cabinets market in Asia Pacific Countries
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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