Latin America Biological Safety Cabinet Market Size & Outlook
Latin America biological safety cabinet market, 2018-2030 (US$M)
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Latin America biological safety cabinet market highlights
- The Latin America biological safety cabinet market generated a revenue of USD 24.7 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, class ii was the largest revenue generating product in 2023.
- Class I is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 24.7 million |
| Market revenue in 2030 | USD 42.1 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Class ii |
| Fastest growing segment | Class I |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Class I, Class II, Class III |
| Key market players worldwide | Thermo Fisher Scientific Inc, Nuaire, Labconco, The Baker Company, Azbil Corp, Biobase Group, Germfree Laboratories Inc, Air Science, Haier Biomedical |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.7% of the global biological safety cabinet market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 78.6 million by 2030.
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Biological Safety Cabinet Market Scope
Biological Safety Cabinet Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America biological safety cabinet market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biological safety cabinet market will help companies and investors design strategic landscapes.
Class ii was the largest segment with a revenue share of 64.37% in 2023. Horizon Databook has segmented the Latin America biological safety cabinet market based on class i, class ii, class iii covering the revenue growth of each sub-segment from 2018 to 2030.
The market is expected to grow at a significant rate during the forecast period owing to an increase in the number of medical device companies expanding their operations in this region, which is anticipated to drive the demand for regulatory & quality assurance.
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Our clientele includes a mix of biological safety cabinet market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biological safety cabinet market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biological safety cabinet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biological safety cabinet market size, by country, 2018-2030 (US$M)
Latin America Biological Safety Cabinet Market Outlook Share, 2023 & 2030 (US$M)
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