Flow Chambers

Flow Chambers Global Market Outlook:

MARKET OVERVIEW

Global Flow Chamber Market: $313.2 million (2021)

Global Growth CAGR of Flow Chamber Market: 4 percent (2021–2025F)

• The global demand for flow chamber is expected to grow at approx. 4 percent CAGR through 2021–2025

• The market is primarily driven by the demand from pharmaceutical companies, followed by educational institutions and agrochemicals, as flow chamber provides a bacteria-free environment to perform research

• Most of the global suppliers have manufacturing facilities in the US and Europe. Global players have extended their footprints and have assembly units in the emerging markets to serve the growing demand

Industry Growth Drivers

• The major driving forces for the growth of the laminar airflow cabinet market may be technological advancements to make it more efficient and operator-friendly, especially in the filtration and fan technology, because these two components are the most important ones

• Increase in R&D in the pharmaceutical sector

Industry Growth Constraints

• The restraining factor for the growth of the laminar airflow cabinet market are the high durability of the laminar airflow cabinets as once installed, their minimum life is around 2-3 years, and even after that, they can be made efficient just by replacing the fans and HEPA filters.

Porter's Analysis on Flow Chambers

Supplier Power

• Supplier power is on the higher side, as a supply base for flow chamber is consolidating, due to the inorganic growth potential of the market

Barriers to New Entrants

• The initial setup cost for a laboratory equipment manufacturing facility is on the higher side. Setting up a facility that can manufacture large lab equipment on a large scale is challenging

• The regulatory requirements and other technical complexities related to the set up of lab equipment facility are on the higher side

Intensity of Rivalry

• Intensity of rivalry is medium, as each supplier has differentiation among their products that would suit different requirements of the buyer

Threat of Substitutes

• Threat of substitute is on the medium side, as some of the equipment can be replaced or improved with automation, as new technologies are emerging

Buyer Power

• Pharmaceutical buyer power is on the medium side. Buyers are also focusing on consolidating their supply base to save cost in procurement