Market Introduction
Biosafety Cabinets are efficient devices that are used for controlling the contamination in laboratories dealing with infectious agents. Theses act as a primary barrier for restricting the escape of biological aerosols in the lab environment. The biosafety cabinets are broadly classified in three types that include class I cabinets, class II cabinets and class III cabinets. There are specific regulations and guidelines imposed by the medical ruling authorities in each region that recommends the use of appropriate type of biosafety cabinet to carry out protocols based on the levels of risk involved.
Market Overview and Dynamics
The South and Central America biosafety cabinets market is projected to reach US$ 10.20 million by 2027 from US$ 6.23 million in 2019. The market is anticipated to grow with a CAGR of 6.4% from 2020 to 2027. Factors driving the market growth include growing number of product launches in the region and developing research and infrastructure facilities in countries such as Brazil and Argentina. Moreover, growing investments for research and development as well as for vaccines development are estimated to offer lucrative opportunity for the South and Central America biosafety cabinets market during the forecast period. However, the high cost involved in the installation and maintenance of biosafety cabinets is likely to have a negative impact on the market growth.
Key Market Segments
Based on type, the class II type segment accounted for a larger share of the South and Central America biosafety cabinets market in 2019. In terms of end user, the pharmaceutical and biopharmaceutical companies segment held a larger share of the biosafety cabinets market in South and Central America.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the South and Central America biosafety cabinets market report are World Health Organization, Ministry of Health and Prevention, and Ministry of Health and Family Welfare.
Reasons to buy the report
- To understand the South and Central America biosafety cabinets market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead in comprehending the ever-changing competitive landscape of the South and Central America biosafety cabinets market
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- To help take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the South and Central America biosafety cabinets market
- To obtain market revenue forecast from 2019 to 2027 in various segments of the South and Central America biosafety cabinets
SOUTH AND CENTRAL AMERICA BIOSAFETY CABINETS MARKET SEGMENTATION
By Type
- Class I
- Class II
- Class III
By End User
- Diagnostic and Testing Laboratories
- Academic and Research Institutions
- Pharmaceutical and Biopharmaceutical Companies
- Other End Users
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Esco Group of Companies
- Thermo Fisher Scientific Inc.
- Azbil Telstar
- Baker
- NuAire Inc.