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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Laboratory fume hood is a ventilator system designed to exhaust chemical fumes, gasses, vapors, dust, mist, and aerosol. The fume hoods also work as a physical barrier between the laboratory and the technicians, in order to provide protection against chemical spills, inhalation exposure, and fires.

A fume hood is a box structured workplace designated to perform experiments, which involve hazardous reagents or chemical reactions with toxic fumes. The laboratory fume hoods provide protection by drawing the air as well as the airborne contaminants towards the ducts or filters (ductless hoods) and recirculate the filtered air back into the laboratory.

Global Laboratory Fume Hood Market – Dynamics

Rising investments in research-based pharmaceutical industries is expected to propel the laboratory fume hood market growth over the forecast period. For instance, in 2018, the European Federation of Pharmaceutical Industries and Associations reported that around US$ 37 million was invested in research and development in pharmaceutical sector in Europe.

Furthermore, various government initiatives to expand the healthcare and pharmaceutical industries is expected to drive growth of the global laboratory fume hood market over the forecast period. For instance, in October 2018, the Government of India invested around US$ 712-855 million for the setup of six pharma parks in Uttar Pradesh, India.

Global Laboratory Fume Hood Market – Regional Insights

North America accounted for the largest market share in 2018, owing to launches and approvals of new laboratory fume hoods in the region. For instance, in July 2014, Labconco, a U.S.-based laboratory equipment manufacturing company, launched a new line of I-S Fume Hoods, which contain automatic position exhausts. The I-S Fume Hoods can automatically adjust the speed of the blowers depending upon the position of the sash of the fume hoods. Hence, the air volume in the hood can be adjusted without human monitoring.

Moreover, various mergers, agreements, and acquisitions are expected to drive the global laboratory fume hood market over the forecast period in North American. For instance, in May 2017, Erlab, Inc., a ductless fume hood manufacturing company collaborated with Plastic Concepts, Inc., a fabrication provider, in order to develop customized polypropylene hood coupled with the Erlab’s equipment.

Global Laboratory Fume Hood Market – Competitive Landscape

Key players operating in global laboratory fume hood market include WALDNER Laboreinrichtungen GmbH & Co. KG, Bionics Scientific Technologies (P). Ltd, Ultra laboratories, Thermo Fisher Scientific, Inc., ESCO Group LLC, JEIO TECH, Yamato Scientific Co. Ltd, Labconco, Terra Universal Inc., NuAire.

Global Laboratory Fume Hood Market – Taxonomy

On the basis of product type, the global laboratory fume hood market is segmented into:

  • Ducted Fume Hoods
  • Ductless Fume Hoods

On the basis of design, the global laboratory fume hood market is segmented into:

  • Perchloric Acid Fume Hoods
  • Radioisotope Fume Hoods
  • Others

On the basis of end user, the global laboratory fume hood market is segmented into:

  • Pharmaceutical & Biotechnology Companies
  • Hospitals
  • Diagnostic Laboratories
  • Academic & Research Institutes

On the basis of region, the global laboratory fume hood market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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