Market Challenges And Opportunities

Developed regions are major growth engines of the biological safety cabinets market

Globally the biological safety cabinets market is segmented in different regions include North America, Latin America, Europe, Middle East, Africa, and Asia-Pacific. Europe is the leading market, followed by North America and Latin America for lab equipment supported by fast growth of life science industry, geriatric population, and increase in demand for medical care and clinical research, advanced healthcare facilities and high economic development in North America. According to Population Reference Bureau, in 2016, there are around 46 million people are aged 65 and above in North America. Asia-Pacific is the third largest region for lab equipment market because of emerging economies such as India, China, and Japan due to increase in biotechnology, life-science and pharmaceutical industries.