According to the latest report on “South and Central America Biosafety Cabinets Market Forecast to 2027 - COVID-19 Impact and Analysis - Type and End Users, the market was valued at US$ 6.23 million in 2019 and is projected to reach US$ 10.20 million by 2027; it is expected to grow at a CAGR of 6.4% during 2020-2027. The report highlights trends prevailing in the South and Central America biosafety cabinets market and the factors driving market along with those that act as hindrances.
Based on type, the South and Central America biosafety cabinets market is segmented into class I, class II, and class III. In 2019, the class II type segment held a larger share of the market. Also, the same segment is expected to grow at a faster rate during the forecast period.
The growth of the South and Central America biosafety cabinets market is attributed to 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.
The coronavirus infection is expected to have negative impact on the South and Central America biosafety cabinets market. Certain factors such as disrupted supply chain operations, dependency on developed countries, and limited adoption of the equipment is estimated to restrict the growth of biosafety cabinets market in the region.
Esco Group of Companies, Thermo Fisher Scientific Inc., Azbil Telstar, Baker, and NuAire Inc. are among the leading companies operating in the South and Central America biosafety cabinets market.
The report segments South and Central America Biosafety Cabinets Market as follows:
By Type
By Country
Reasons to Buy
Based on type, the South and Central America biosafety cabinets market is segmented into class I, class II, and class III. In 2019, the class II type segment held a larger share of the market. Also, the same segment is expected to grow at a faster rate during the forecast period.
The growth of the South and Central America biosafety cabinets market is attributed to 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.
The coronavirus infection is expected to have negative impact on the South and Central America biosafety cabinets market. Certain factors such as disrupted supply chain operations, dependency on developed countries, and limited adoption of the equipment is estimated to restrict the growth of biosafety cabinets market in the region.
Esco Group of Companies, Thermo Fisher Scientific Inc., Azbil Telstar, Baker, and NuAire Inc. are among the leading companies operating in the South and Central America biosafety cabinets market.
The report segments South and Central America Biosafety Cabinets Market as follows:
By Type
- Class I
- Class II
- Class IIIBy 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
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America biosafety cabinets 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 and Central America biosafety cabinets 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 market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. Biosafety Cabinets- Market Landscape
5. South and Central America Biosafety Cabinets Market - Industry Dynamics
6. Biosafety Cabinets Market - Regional Analysis
7. Biosafety Cabinets Market Analysis - by Type
8. Biosafety Cabinets Market - by End User
9. Biosafety Cabinets Market - Regional Analysis
10. Impact of COVID-19 Pandemic on South and Central America Biosafety Cabinets Market
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- Esco Group of Companies
- Thermo Fisher Scientific Inc.
- Azbil Telstar
- Baker
- NuAire Inc.
