At 8.1% CAGR, the South America Biosafety Cabinet Market is projected to be worth US$ 19.33 million by 2028, says The Business Market Insights    

According to the Business Market Insights’ research, the South America biosafety cabinet market was valued at US$ 13.10 million in 2023 and is expected to reach US$ 19.33 million by 2028, registering a CAGR of 8.1% from 2023 to 2028.  Rising prevalence of infectious diseases and rising strategic initiatives are the critical factors attributed to the South America biosafety cabinet market expansion.

Regenerative medicine can replace or heal tissues and organs damaged by age, disease, or trauma, and helps treat congenital disabilities. Over the last quarter of a century, there has been an emergence of the tissue engineering industry, one that has now evolved into a broader area of regenerative medicine. Regenerative medicine is a rapidly growing interdisciplinary field that involves engineering sciences to develop clinical therapies intended for maintenance, repair, replacement, and enhancement of biological function. The cell line development is a crucial and invariable part of regenerative medicine that helps understand how to treat injuries and diseases from broken bones to neurodegenerative diseases. These developmental procedures and protocols majorly involve the use of class-I and class-II biosafety cabinets to obtain optimum results and avoid contamination of pure cell cultures. This also helps comply with the principles good manufacturing practices of cell- based products. The cell-based therapy is extensively used in the treatment of various diseases such as cancer and autoimmune disorders. Therefore, the production of cell-based therapy products has increased. Thus, rise in the adoption of regenerative medicines and cell-based therapies is expected to be a prevalent trend in the South America biosafety cabinet market during the forecast period. 

On the contrary, high cost and maintenance of biosafety cabinets hurdles the growth of South America biosafety cabinet market.

Based on products handled, the South America biosafety cabinet market is bifurcated into biological products and toxic products. The biological products segment held 89.9% share of South America biosafety cabinet market in 2023, amassing US$ 11.78 million. It is projected to garner US$ 17.15 million by 2028 to expand at 7.8% CAGR during 2023–2028.        

Based on category, the South America biosafety cabinet market is segmented into work trays, side panel construction, and accessories. The work trays segment held 61.4% share of South America biosafety cabinet market in 2023, amassing US$ 8.04 million. It is projected to garner US$ 11.98 million by 2028 to expand at 8.3% CAGR during 2023–2028.            

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 81.0% share of South America biosafety cabinet market in 2023, amassing US$ 10.61 million. It is projected to garner US$ 15.91 million by 2028 to expand at 8.4% CAGR during 2023–2028.          

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 52.5% share of South America biosafety cabinet market in 2023, amassing US$ 6.88 million. It is projected to garner US$ 10.24 million by 2028 to expand at 8.3% CAGR during 2023–2028.

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 49.9% share of South America biosafety cabinet market in 2023, amassing US$ 6.54 million. It is projected to garner US$ 9.93 million by 2028 to expand at 8.7% CAGR during 2023–2028.

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 captured 37.9% market share in 2023. It was assessed at US$ 4.97 million in 2023 and is likely to hit US$ 7.21 million by 2028, exhibiting a CAGR of 7.7% during the forecast period.

Key players dominating the South America biosafety cabinet market are ACMAS Technologies, Esco Group of Companies, Haier Biomedical, Kewaunee Scientific Corp, Labconco Corp, NuAire Inc, and Thermo Fisher Scientific Inc among others.

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