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South America Biosafety Cabinet Market Forecast to 2028 -Regional Analysis

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    Report

  • 145 Pages
  • July 2023
  • The Insight Partners
  • ID: 5887928
UP TO OFF until Dec 31st 2024
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 São 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.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 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
13.2.1 Overview
13.3 Inorganic Growth Strategies
13.3.1 Overview
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 Publisher
15.2 Glossary of Terms
List of Tables
Table 1. Brazil Biosafety Cabinet Market, by Products Handled - Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Biosafety Cabinet Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Biosafety Cabinet Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Biosafety Cabinet Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Biosafety Cabinet Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Biosafety Cabinet Market, by Products Handled - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Biosafety Cabinet Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Biosafety Cabinet Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Biosafety Cabinet Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina Biosafety Cabinet Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America Biosafety Cabinet Market, by Products Handled - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South America Biosafety Cabinet Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South America Biosafety Cabinet Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South America Biosafety Cabinet Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of South America Biosafety Cabinet Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 16. Recent Organic Growth Strategies
Table 17. Recent Inorganic Growth Strategies
Table 18. Glossary of Terms
List of Figure
Figure 1. South America Biosafety Cabinet Market Segmentation
Figure 2. South America Biosafety Cabinet Market, by Country
Figure 3. South America Biosafety Cabinet Market Overview
Figure 4. South America Biosafety Cabinet Market, By Type
Figure 5. South America Biosafety Cabinet Market, By Country
Figure 6. South America: PEST Analysis
Figure 7. Experts\' Opinion
Figure 8. South America Biosafety Cabinet Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Biosafety Cabinet Market - Revenue Forecast and Analysis
Figure 10. South America Biosafety Cabinet Market Revenue Share, by Product Handled (2022 and 2028)
Figure 11. Biological Products: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Toxic Products: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. South America Biosafety Cabinet Market Revenue Share, by Category (2022 and 2028)
Figure 14. Work Trays: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Side Panel Construction: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Accessories: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Biosafety Cabinet Market Revenue Share, by Category (2022 and 2028)
Figure 18. Class I Biosafety Cabinet: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Class II Type A2 and Class II Type B1: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Class II Type B2 Biosafety Cabinet: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Class III Biosafety Cabinet: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Customized Cabinets: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. South America Biosafety Cabinet Market Revenue Share, by Application (2022 and 2028)
Figure 25. Medical Health: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Disease Prevention: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Food Safety: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Biological Pharmacy: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Environment Monitoring: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. South America Biosafety Cabinet Market Revenue Share, by End User (2022 and 2028)
Figure 32. Academic Centers: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Biotech and Pharmaceutical Companies: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Microbiology Centers: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Research and Development Centers: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Hospitals and Clinics: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Diagnostic Laboratories: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Others: South America Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. South America: Biosafety Cabinet Market, by Key Country - Revenue (2022) (US$ Million)
Figure 40. South America: Biosafety Cabinet Market, by Country, 2022 & 2028 (%)
Figure 41. Brazil: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Argentina: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of South America: Biosafety Cabinet Market - Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ACMAS Technologies
  • Esco Group of Companies
  • Haier Biomedical
  • Kewaunee Scientific Corp
  • Labconco Corp
  • NuAire Inc
  • Thermo Fisher Scientific Inc

Table Information