Product Code: BMIRE00028657
The South America biosafety cabinet market is expected to grow from US$ 13.10 million in 2023 to US$ 19.33 million by 2028. It is estimated to grow at a CAGR of 8.1% from 2023 to 2028.
Rapid Developments in Pharmaceutical and Biotechnology Research is Fueling South America
Biosafety Cabinet Market
R&D is a significant and essential part of the business of pharmaceuticals and biopharmaceutical companies. R&D enables companies to come up with new medicines for various therapeutic applications with significant medical and commercial potential. There has been an increase in R&D spending by biopharmaceutical companies over the years. Drug development and discovery are time-consuming and expensive processes. These processes involve various stages, including early detection of a target, designing of a molecule, and development and regulatory approval. The entire process can take more than 10-15 years. Throughout the drug development phase, various testing services are required to check the quality and efficacy of the drug. In the development and modification of a new vaccine strain for infectious disease, various cell culture studies and experiments are performed that majorly requires biosafety cabinets. Furthermore, increasing demand for smart laboratories has led to the development of smart biosafety cabinets with cloud-based, Internet of Things (IoT), and Artificial Intelligence (AI) technologies. Thus, the rising number of molecules entering clinical trial studies and ramp-up in R&D, along with the growing trend of smart laboratories, will create ample opportunities for the South America biosafety cabinet market during the forecast period.
South America Biosafety Cabinet Market Overview
The South America biosafety cabinet market is segmented into Brazil, Argentina, and the Rest of South America. Brazil held the substantial share of the market in 2023. Brazil has manufacturing plants of many pharmaceutical companies. Added to that, many foreign companies often collaborate with Brazilian laboratories and local companies for the development of biotechnology based medicines. The collaborative efforts are expected to yield in development of novel products in Brazil over the forecast years. Most of the research is conducted in universities and other federal state institutions in Brazil. As per the DWIH Sao Paulo, biotechnology research is one of the first-tier priorities in Brazil. Thus, the government has established various policies and rules to stimulate the biotech research in the country. For instance, the government established National Policy of Science since 2004 that aims to transform the biotechnology sector into strategic component for revenue generation and development of country. However, in 2019, the government freeze around 42.0% of science funding due to political imbalances in the country, which is expected to have negative impact on the market growth by certain extent. Thus, a high burden of cancer is expected to favor the biosafety cabinet market growth in Brazil in the coming years.
South America Biosafety Cabinet Market Revenue and Forecast to 2028 (US$ Million)
South America Biosafety Cabinet Market Segmentation
The South America biosafety cabinet market is segmented into products handled, category, type, application, end user, and country.
Based on products handled, the South America biosafety cabinet market is bifurcated into biological products and toxic products. The biological products segment held a larger share of the South America biosafety cabinet market in 2023.
Based on category, the South America biosafety cabinet market is segmented into work trays, side panel construction, and accessories. The work trays segment held the largest share of the South America biosafety cabinet market in 2023.
Based on type, the South America biosafety cabinet market is segmented into class I biosafety cabinet, class II type A2 & class II type B1, class II type B2 biosafety cabinet, class II biosafety cabinet, customized cabinets, and others. The class II type A2 & class II type B1 segment held the largest share of the South America biosafety cabinet market in 2023.
Based on application, the South America biosafety cabinet market is segmented into medical health, disease prevention, food safety, biological pharmacy, environment monitoring, and others. The disease prevention segment held the largest share of the South America biosafety cabinet market in 2023.
Based on end user, the South America biosafety cabinet market is segmented into academic centers, biotech & pharmaceutical companies, microbiology centers, research & development centers, hospitals & clinics, diagnostic laboratories, and others. The biotech & pharmaceutical companies segment held the largest share of the South America biosafety cabinet market in 2023.
Based on country, the South America biosafety cabinet market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that the Rest of South America dominated the South America biosafety cabinet market in 2023.
ACMAS Technologies, Esco Group of Companies, Haier Biomedical, Kewaunee Scientific Corp, Labconco Corp, NuAire Inc, and Thermo Fisher Scientific Inc are the leading companies operating in the South America biosafety cabinet market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America biosafety cabinet market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America biosafety cabinet market, thereby allowing players across the value chain to develop effective long-term strategies
- develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the biosafety cabinet market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 South America Biosafety Cabinet Market - by Products Handled
- 1.3.2 South America Biosafety Cabinet Market - by Category
- 1.3.3 South America Biosafety Cabinet Market - by Type
- 1.3.4 South America Biosafety Cabinet Market - by Application
- 1.3.5 South America Biosafety Cabinet Market - by End User
- 1.3.6 South America Biosafety Cabinet Market - by Country
2. South America Biosafety Cabinet Market - Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. South America Biosafety Cabinet Market - Market Landscape
- 4.1 Overview
- 4.2 South America PEST Analysis
- 4.3 Expert's Opinion
5. South America Biosafety Cabinet Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Prevalence of Infectious Diseases
- 5.1.2 Rising Strategic Initiatives
- 5.2 Market Restraint
- 5.2.1 High Cost and Maintenance of Biosafety Cabinets
- 5.3 Market Opportunity
- 5.3.1 Rapid Developments in Pharmaceutical and Biotechnology Research
- 5.4 Future Trend
- 5.4.1 Increasing Adoption of Cell-Based and Regenerative Therapies
- 5.5 Impact analysis
6. Biosafety Cabinet Market - South America Analysis
- 6.1 South America Biosafety Cabinet Market Revenue Forecast and Analysis
7. South America Biosafety Cabinet Market Analysis - By Products Handled
- 7.1 Overview
- 7.2 South America Biosafety Cabinet Market Revenue Share, by Product Handled (2022 and 2028)
- 7.3 Biological Products
- 7.3.1 Overview
- 7.3.2 Biological Products: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Toxic Products
- 7.4.1 Overview
- 7.4.2 Toxic Products: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
8. South America Biosafety Cabinet Market Analysis - By Category
- 8.1 Overview
- 8.2 South America Biosafety Cabinet Market Revenue Share, by Category (2022 and 2028)
- 8.3 Work Trays
- 8.3.1 Overview
- 8.3.2 Work Trays: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Side Panel Construction
- 8.4.1 Overview
- 8.4.2 Side Panel Construction: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Accessories
- 8.5.1 Overview
- 8.5.2 Accessories: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
9. South America Biosafety Cabinet Market Analysis - By Type
- 9.1 Overview
- 9.2 South America Biosafety Cabinet Market Revenue Share, by Category (2022 and 2028)
- 9.3 Class I Biosafety Cabinet
- 9.3.1 Overview
- 9.3.2 Class I Biosafety Cabinet: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Class II Type A2 and Class II Type B1
- 9.4.1 Overview
- 9.4.2 Class II Type A2 and Class II Type B1: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5 Class II Type B2 Biosafety Cabinet
- 9.5.1 Overview
- 9.5.2 Class II Type B2 Biosafety Cabinet: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6 Class III Biosafety Cabinet
- 9.6.1 Overview
- 9.6.2 Class III Biosafety cabinet: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 9.7 Customized Cabinets
- 9.7.1 Overview
- 9.7.2 Customized Cabinets: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
10. South America Biosafety Cabinet Market Analysis - By Application
- 10.1 Overview
- 10.2 South America Biosafety Cabinet Market Revenue Share, by Application (2022 and 2028)
- 10.3 Medical Health
- 10.3.1 Overview
- 10.3.2 Medical Health: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4 Disease Prevention
- 10.4.1 Overview
- 10.4.2 Disease Prevention: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5 Food Safety
- 10.5.1 Overview
- 10.5.2 Food Safety: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6 Biological Pharmacy
- 10.6.1 Overview
- 10.6.2 Biological Pharmacy: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 10.7 Environment Monitoring
- 10.7.1 Overview
- 10.7.2 Environment Monitoring: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 10.8 Others
- 10.8.1 Overview
- 10.8.2 Others: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
11. South America Biosafety Cabinet Market Analysis - By End User
- 11.1 Overview
- 11.2 South America Biosafety Cabinet Market Revenue Share, by End User (2022and 2028)
- 11.3 Academic Centers
- 11.3.1 Overview
- 11.3.2 Academic Centers: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4 Biotech and Pharmaceutical Companies
- 11.4.1 Overview
- 11.4.2 Biotech and Pharmaceutical Companies: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5 Microbiology Centers
- 11.5.1 Overview
- 11.5.2 Microbiology Centers: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6 Research and Development Centers
- 11.6.1 Overview
- 11.6.2 Research and Development Centers: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 11.7 Hospitals and Clinics
- 11.7.1 Overview
- 11.7.2 Hospitals and Clinics: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 11.8 Diagnostic Laboratories
- 11.8.1 Overview
- 11.8.2 Diagnostic Laboratories: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 11.9 Others
- 11.9.1 Overview
- 11.9.2 Others: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
12. South America Biosafety Cabinet Market - Revenue and Forecast to 2028 - Country Analysis
- 12.1 Overview
- 12.1.1 South America: Biosafety Cabinet Market, by Country, 2022 & 2028 (%)
- 12.1.1.1 Brazil: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.1.1 Overview
- 12.1.1.1.2 Brazil: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.1.3 Brazil: Biosafety Cabinet Market, by Products Handled, 2020-2028 (US$ Million)
- 12.1.1.1.4 Brazil: Biosafety Cabinet Market, by Category, 2020-2028 (US$ Million)
- 12.1.1.1.5 Brazil: Biosafety Cabinet Market, by Type, 2020-2028 (US$ Million)
- 12.1.1.1.6 Brazil: Biosafety Cabinet Market, by Application, 2019-2028 (US$ Million)
- 12.1.1.1.7 Brazil: Biosafety Cabinet Market, by End User, 2020-2028 (US$ Million)
- 12.1.1.2 Argentina: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.2.1 Overview
- 12.1.1.2.2 Argentina: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.2.3 Argentina: Biosafety Cabinet Market, by Products Handled, 2020-2028 (US$ Million)
- 12.1.1.2.4 Argentina: Biosafety Cabinet Market, by Category, 2020-2028 (US$ Million)
- 12.1.1.2.5 Argentina: Biosafety Cabinet Market, by Type, 2020-2028 (US$ Million)
- 12.1.1.2.6 Argentina: Biosafety Cabinet Market, by Application, 2020-2028 (US$ Million)
- 12.1.1.2.7 Argentina: Biosafety Cabinet Market, by End User, 2020-2028 (US$ Million)
- 12.1.1.3 Rest of South America: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.3.1 Overview
- 12.1.1.3.2 Rest of South America: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.3.3 Rest of South America: Biosafety Cabinet Market, by Products Handled, 2020-2028 (US$ Million)
- 12.1.1.3.4 Rest of South America: Biosafety Cabinet Market, by Category, 2020-2028 (US$ Million)
- 12.1.1.3.5 Rest of South America: Biosafety Cabinet Market, by Type, 2020-2028 (US$ Million)
- 12.1.1.3.6 Rest of South America: Biosafety Cabinet Market, by Application, 2020-2028 (US$ Million)
- 12.1.1.3.7 Rest of South America: Biosafety Cabinet Market, by End User, 2020-2028 (US$ Million)
13. Industry Landscape
- 13.1 Overview
- 13.2 Organic Growth Strategies
- 13.3 Inorganic Growth Strategies
14. Company Profiles
- 14.1 NuAire Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Labconco Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Esco Group of Companies
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Thermo Fisher Scientific Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Kewaunee Scientific Corp
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 ACMAS Technologies
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Haier Biomedical
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
15. Appendix
- 15.1 About The Insight Partners
- 15.2 Glossary of Terms