Canada Biological Safety Cabinet Market Size & Outlook
Canada biological safety cabinet market, 2018-2030 (US$M)
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Canada biological safety cabinet market highlights
- The Canada biological safety cabinet market generated a revenue of USD 7.5 million in 2023 and is expected to reach USD 11.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, class ii was the largest revenue generating product in 2023.
- Class I is the most lucrative product segment registering the fastest growth during the forecast period.
Biological safety cabinet market data book summary
| Market revenue in 2023 | USD 7.5 million |
| Market revenue in 2030 | USD 11.9 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Class ii |
| Fastest growing segment | Class I |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Class I, Class II, Class III |
| Key market players worldwide | Thermo Fisher Scientific Inc, Nuaire, Labconco, The Baker Company, Azbil Corp, Biobase Group, Germfree Laboratories Inc, Air Science, Haier Biomedical |
Other key industry trends
- In terms of revenue, Canada accounted for 3.5% of the global biological safety cabinet market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. biological safety cabinet market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 98.1 million by 2030.
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Biological Safety Cabinet Market Scope
Biological Safety Cabinet Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada biological safety cabinet market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biological safety cabinet market will help companies and investors design strategic landscapes.
Class ii was the largest segment with a revenue share of 64% in 2023. Horizon Databook has segmented the Canada biological safety cabinet market based on class i, class ii, class iii covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Statistics Canada data, the deaths caused due the infectious disease increased from nearly 276,689 in 2017 to nearly 283,706 deaths in 2018. The high mortality rate of infectious disease is anticipated to increase the demand for early diagnosis which is in turn expected to increase the demand for biosafety products, such as BSC.
Furthermore, the coronavirus outbreak in the country is also anticipated to increase the demand for medical & diagnostic services, healthcare infrastructure, and personnel protection, thereby fueling the market growth. It is also anticipated to fuel a number of research activities, such as development of vaccines, diagnostic tools and other countermeasures.
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Our clientele includes a mix of biological safety cabinet market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada biological safety cabinet market , including forecasts for subscribers. This country databook contains high-level insights into Canada biological safety cabinet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada biological safety cabinet market size, by product, 2018-2030 (US$M)
Canada Biological Safety Cabinet Market Outlook Share, 2023 & 2030 (US$M)
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