Latin America 3d Cell Culture Market Size & Outlook
Latin America 3d cell culture market, 2018-2030 (US$M)
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Latin America 3d cell culture market highlights
- The Latin America 3d cell culture market generated a revenue of USD 75.8 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, scaffold based was the largest revenue generating technology in 2023.
- Scaffold Free is the most lucrative technology 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 75.8 million |
| Market revenue in 2030 | USD 132.9 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Scaffold based |
| Fastest growing segment | Scaffold Free |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Scaffold Based, Scaffold Free, Bioreactors, Microfluidics, Bioprinting |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, PROMOCELL, Lonza Group Ltd, Corning Inc, Avantor Inc, Tecan Group AG, ReproCELL, CN Bio |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global 3d cell culture 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 783.0 million by 2030.
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3D Cell Culture Market Scope
3D Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 3d cell culture 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 3d cell culture market will help companies and investors design strategic landscapes.
Scaffold based was the largest segment with a revenue share of 48.94% in 2023. Horizon Databook has segmented the Latin America 3d cell culture market based on scaffold based, scaffold free, bioreactors, microfluidics, bioprinting covering the revenue growth of each sub-segment from 2018 to 2030.
3D cell culture has received great attention worldwide due to its ability to provide physiologically relevant information to biologists. Although development in this region is considerably low, increasing awareness among market players has led to an increase in demand for 3D cell culture techniques in this region.
Furthermore, lack of skilled personnel and expertise in the region further restricts growth. However, countries such as Brazil, Argentina, Chile, and Uruguay are expected to contribute toward development, owing to gradual rise in the number of cell culture labs in these countries. Considering the regulatory approval of the National Ministry of Health under the scope of the Transplant Act and Medicines Act, Argentina is experiencing significant number of researchers in public and private organizations conducting researches in the field of stem cells and regenerative medicine.
Moreover, the recent innovations of Argentinian researchers such as development of 3D bio-printed wound dressing for diabetes suffers and development of 3D printed Trachea is expected to propel market growth throughout the forecast periods.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America 3d cell culture market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America 3d cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America 3d cell culture market size, by country, 2018-2030 (US$M)
Latin America 3D Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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