Thermo Fisher Scientific Inc.: Thermo Fisher Scientific announced that it had entered into an agreement to acquire PPD, a leading global provider of clinical research services, for $17.4 billion. This acquisition will expand Thermo Fisher's offerings in the healthcare and life sciences industries, including in the areas of drug discovery and development.
Esco Micro Pte Ltd.: Esco Micro announced that it had received ISO 9001:2015 certification for its Quality Management System. This certification recognizes Esco Micro's commitment to providing high-quality products and services to its customers in the life sciences industry. Esco Micro is a leading manufacturer of laboratory equipment, including biological safety cabinets.
Author Credits: Radhika Gupta, Shivam Bhutani
Report ID: 5007
Published Date: Jun 08, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for safe laboratory practices is the major factor driving the market growth.
The market size of biological safety cabinets is anticipated to attain a CAGR of ~10.40% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are The Baker Company, Inc., Kewaunee Scientific Corporation, BIOBASE Group, Germfree Laboratories Inc., Azbil Telstar, S.L., Erlab Group, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, end user, and region.
The hospital segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The dearth of skilled professionals is estimated to be the growth hindering factor for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.