Global Laboratory Hoods and Enclosure Market, By Product (Ventilated Balance Enclosures (VBEs), Biological Safety Cabinets, Laminar Flow Cabinets, Enclosures, Hoods, and Others), Modularity (Benchtop and Portable), Material (PVC, Stainless Steel, and Others), End User (Pharmaceutical Companies, Research Institutes, Academic Centers and Others), Country (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Israel, Egypt and Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Laboratory Hoods and Enclosure Market
The global laboratory hoods and enclosure market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.7% in the forecast period of 2021 to 2028 and is expected to reach USD 1,104.79 million by 2028. The rising prevalence of infectious diseases demands advanced laboratory hoods and enclosure, thus driving global laboratory hoods and enclosure market growth.
Fume hoods are ventilated enclosures that remove hazardous chemical fumes, particulates, and volatile vapors from the laboratory, providing personnel protection and prevent them from inhalation or absorption of hazardous chemicals and other health problems. The fume hood limits the exposure to hazardous or toxic fumes, vapors, or dust by safely removing these substances from the immediate working environment. It also serves to protect the sample from the external environment. Biological safety cabinets (or biosafety cabinets) utilize HEPA filters to provide environmental, personnel, and product protection. They capture the impure fumes and recirculate or exhaust filtered air to protect the environment and personnel while doing sample preparation and experimentation. A ventilated enclosure is any site-fabricated chemical hood designed to contain processes, such as scale-up or pilot plant equipment. Ventilated balance enclosures are used in laboratories to weigh toxic particulates. These devices are installed with different specifications for face velocity than the standard laboratory chemical hood. They are well suited for locating sensitive balances that might be disturbed if placed in a laboratory chemical hood.
Moreover, the increasing prevalence of infectious diseases worldwide has further propelled the demand for laboratory hoods and enclosures. The rising prevalence of LAIs is likely to fuel the growth of the laboratory hoods and enclosure market to prevent spreading infections while performing research and development and sample preparation across the globe. The key market players invest extensively in research and development to launch new products and services, which acts as an opportunity for growth. However, the high cost of laboratory hoods and enclosures and environmental side effects and limitations associated with the use of them act as restraints for its market growth. The high cost of investment acts as a major challenge in the growth of the market.
Manufacturers are increasing their focus toward research and development activities to provide strategic solutions for emerging diseases, increasing the application of hoods and enclosures. In addition, the rising prevalence of infectious diseases such as COVID-19 increases the demand for laboratory hoods and enclosures. These factors are expected to propel market growth.
The global laboratory hoods and enclosure market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the global laboratory hoods and enclosure market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Global Laboratory Hoods and Enclosure Market Scope and Market Size
The global laboratory hoods and enclosure market is segmented based on the product, modularity, material, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the global laboratory hoods and enclosure market is segmented into Ventilated Balance Enclosures (VBEs), biological safety cabinets, laminar flow cabinets, enclosures, hoods, and others. In 2021, the hoods segment is expected to dominate the global laboratory hoods and enclosure market due to the advanced technology utilized to make the hood.
- On the basis of modularity, the global laboratory hoods and enclosure market is segmented into benchtop and portable. In 2021, the benchtop segment is expected to dominate the global laboratory hoods and enclosure market due to the increase in awareness among accurate diagnoses, increasing its demand across the globe.
- On the basis of material, the global laboratory hoods and enclosure market is segmented into PVC, stainless steel, and others. In 2021, the stainless steel segment is expected to dominate the global laboratory hoods and enclosure market due to its properties, including rigidity and strength.
- On the basis of end user, the global laboratory hoods and enclosure market is segmented into pharmaceutical companies, research institutes, academic centers, and others. In 2021, the pharmaceutical companies segment in the end user is expected to dominate the market due to growing research and development activities to find the solutions to various emerging infectious diseases and prevent personnel from LAIs.
Global Laboratory Hoods and Enclosure Market Country Level Analysis
The global laboratory hoods and enclosure market is segmented based on the product, modularity, material, and end user.
The countries covered in the global laboratory hoods and enclosure market report are the U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Turkey, Austria, Ireland, and the Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of the Middle East and Africa.
The product segment in the U.S. is expected to grow in the North American market, with the highest growth rate in the forecast period of 2021 to 2028 because of increasing healthcare expenditure. The product segment in Germany is expected to dominate the European market owing to rising technological advancements. Japan is leading the growth of the Asia-Pacific market. The product segment is expected to dominate this country due to the highest number of laboratory hoods and enclosure providers.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Laboratory Hoods and Enclosure is Boosting the Market Growth of Global Laboratory Hoods and Enclosure Market
The global laboratory hoods and enclosure market also provide detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Global Laboratory Hoods And Enclosure Market Share Analysis
The global laboratory hoods and enclosure market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the global laboratory hoods and enclosure market.
The major companies dealing in the global laboratory hoods and enclosure market are Thermo Fisher Scientific Inc., WALDNER Holding GmbH & Co. KG, Köttermann GmbH, SHIMADZU RIKA CORPORATION, Yamato Scientific co., ltd., Nuaire, Sentry Air Systems, Inc., Sheldon Laboratory Systems, Bigneat Ltd., Royston Group | Hamilton Lab Solutions, AirClean Systems, Inc. Mott Manufacturing Ltd. & Mott Manufacturing LLC., Terra Universal, Inc., Labconco, Esco Micro Pte. Ltd., Flow Science Inc., Air Science U.S. LLC, LOC SCIENTIFIC, Monmouth Scientific Limited, and Kewaunee International Group among others, domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, which accelerates the global laboratory hoods and enclosure market.
For instance,
- In July 2020, Labconco announced a significant enhancement to efficiency and safety for our Protector Echo and Airo line of eco-friendly filtered fume hoods. This product up-gradation has strengthened the company’s business
- In August 2021, Bigneat Ltd. was completely acquired by Caron Products and Services. The combination of our strong European network and Caron’s market leadership in the U.S. provides immediate opportunities to both businesses to better serve our customers
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company's footprints in the global laboratory hoods and enclosure market, which also benefits the organization’s profit growth.
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