Market Overview:
The global cytotoxic drug safety cabinet market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for safe and effective storage of cytotoxic drugs. In addition, the growing awareness about safe handling and storage of these drugs is also contributing to the growth of this market. Based on type, the global cytotoxic drug safety cabinet market can be segmented into stainless steel and galvanised steel. Stainless steel cabinets are more popular than galvanised steel cabinets as they are corrosion-resistant and have a longer life span. Based on application, the global cytotoxic drug safety cabinet market can be segmented into pharmaceuticals, biologicals, and others (laboratories, hospitals). Pharmaceutical companies are expected to account for a major share of this market in terms of revenue during the forecast period owing to their large-scale production operations across different regions worldwide.
Product Definition:
A cytotoxic drug safety cabinet is a type of cabinet that is used to store and handle cytotoxic drugs. These cabinets are important because they help to protect the user from exposure to these dangerous drugs.
Stainless Steel:
Stainless steel is a widely used material in the safety cabinets for storing cytotoxic drugs. It has various properties such as corrosion resistance, high strength, and ductility. The stainless steel safety cabinet is easy to clean and maintain which increases its preference among pharmaceutical companies.
The global stainless steel market size was valued at USD 1.83 billion in 2015.
Galvanised Steel:
Galvanized steel is a type of steel that has been coated with zinc. The primary function of galvanizing is to protect the metal from corrosion; however, it also acts as an electrolyte and provides resistance towards oxidation. Galvanization does not provide any significant protection against radiation or chemical attacks but it can delay their effect for a short period.
The global cytotoxic drug safety cabinet market size was valued at USD 1,849 million in 2016.
Application Insights:
The pharmaceutical application segment dominated the global cytotoxic drug safety cabinet market in 2017, accounting for over 60.0% share of the overall revenue. The growth of this segment is attributed to an increase in demand for cytotoxic drugs to treat cancer and other life-threatening diseases. Moreover, a rise in R&D activities pertaining to the development of novel drugs with enhanced efficacy and reduced toxicity is also expected to boost product demand from 2018 to 2030.
Biological applications accounted for a significant share owing to an increase in research activities pertaining biologics production & clinical trials involving viruses & bacteria that cause disease within human bodies (i.e., pathogens).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies and increasing government initiatives to promote drug development in this region are some factors responsible for its large share. Moreover, rising incidence of cancer is also expected to drive the demand for cytotoxic drugs over the forecast period.
Asia Pacific is estimated to be fastest growing regional market during the forecast period owing to rapid economic growth and increase in disposable income especially in developing countries such as China and India.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for the cytotoxic drug safety cabinet market. According to the American Cancer Society, in 2016, around 1,685,210 new cases of cancer were diagnosed in the U.S., and approximately 600,920 people died from this disease. This number is expected to rise in the coming years due to increasing population and aging population.
- Growing demand for safe and effective drugs: The growing demand for safe and effective drugs is another major growth driver for the cytotoxic drug safety cabinet market. Cytotoxic drugs are used to treat various types of cancers and are very potent agents that can cause serious side effects if not handled properly. Thus, there is a growing need for safe storage solutions such as cytotoxic drug safety cabinets that can protect healthcare workers from exposure to these drugs.
- Technological advancements: The technological advancements in manufacturing processes are also driving the growth of this market as they help manufacturers produce safer and more efficient products that meet regulatory requirements effectively . For instance, recent advances in sensor technology have led to development of smart cabinets that can detect any leaks or spills immediately and provide alerts accordingly . This helps reduce potential health hazards associated with mishandling these drugs .
Scope Of The Report
Report Attributes
Report Details
Report Title
Cytotoxic Drug Safety Cabinet Market Research Report
By Type
Stainless Steel, Galvanised Steel
By Application
Pharmaceutical, Biological, Others
By Companies
Clyde-Apac, Gelman, Biobase, Tema Sinergie, Esco, Lamsys, Kalstein, Thermo Fisher, Labstac, Euroclone
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Cytotoxic Drug Safety Cabinet Market Report Segments:
The global Cytotoxic Drug Safety Cabinet market is segmented on the basis of:
Types
Stainless Steel, Galvanised Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Biological, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Clyde-Apac
- Gelman
- Biobase
- Tema Sinergie
- Esco
- Lamsys
- Kalstein
- Thermo Fisher
- Labstac
- Euroclone
Highlights of The Cytotoxic Drug Safety Cabinet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Galvanised Steel
- By Application:
- Pharmaceutical
- Biological
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cytotoxic Drug Safety Cabinet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Cytotoxic Drug Safety Cabinet is a cabinet or drawer in which medications and other medical supplies are stored to protect them from being contaminated by cytotoxic drugs.
Some of the major companies in the cytotoxic drug safety cabinet market are Clyde-Apac, Gelman, Biobase, Tema Sinergie, Esco, Lamsys, Kalstein, Thermo Fisher, Labstac, Euroclone.
The cytotoxic drug safety cabinet market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cytotoxic Drug Safety Cabinet Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cytotoxic Drug Safety Cabinet Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cytotoxic Drug Safety Cabinet Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cytotoxic Drug Safety Cabinet Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cytotoxic Drug Safety Cabinet Market Size & Forecast, 2020-2028 4.5.1 Cytotoxic Drug Safety Cabinet Market Size and Y-o-Y Growth 4.5.2 Cytotoxic Drug Safety Cabinet Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Galvanised Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Biological
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cytotoxic Drug Safety Cabinet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cytotoxic Drug Safety Cabinet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Galvanised Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Biological
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Galvanised Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Biological
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Galvanised Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Biological
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Galvanised Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Biological
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Galvanised Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Biological
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cytotoxic Drug Safety Cabinet Market: Competitive Dashboard
14.2 Global Cytotoxic Drug Safety Cabinet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Clyde-Apac
14.3.2 Gelman
14.3.3 Biobase
14.3.4 Tema Sinergie
14.3.5 Esco
14.3.6 Lamsys
14.3.7 Kalstein
14.3.8 Thermo Fisher
14.3.9 Labstac
14.3.10 Euroclone