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

• 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

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com