Latin America Analytical Instrumentation Market Size & Outlook
Latin America analytical instrumentation market, 2018-2030 (US$M)
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Latin America analytical instrumentation market highlights
- The Latin America analytical instrumentation market generated a revenue of USD 2,310.5 million in 2023.
- The market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,310.5 million |
| Market revenue in 2030 | USD 2,756.6 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Services, Software |
| Key market players worldwide | Thermo Fisher Scientific Inc, Waters Corp, Shimadzu Corp, Danaher Corp, Agilent Technologies Inc, Bruker Corp, PerkinElmer, Mettler-Toledo International Inc, ZEISS Group, Bio-Rad Laboratories Inc, Illumina Inc, Eppendorf, Roche Holding AG, Sartorius AG, Avantor Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.2% of the global analytical instrumentation 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 15,078.4 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America analytical instrumentation 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 analytical instrumentation market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 54.49% in 2023. Horizon Databook has segmented the Latin America analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has witnessed significant economic growth in recent years, leading to increased investments in various industries, including pharmaceuticals, biotechnology, petrochemicals, food & beverage, and environmental monitoring. These industries rely heavily on analytical instruments for quality control, research, and process optimization.
As industries in Latin America become more exportoriented and seek to meet international quality and safety standards, there is a growing demand for analytical instruments to ensure product quality, safety, and compliance with regulations. Countries such as Brazil and Mexico have been increasing their focus on R&D in various fields, including life sciences, material science, and environmental studies. This has driven the need for sophisticated analytical instruments to support cutting-edge research and innovation in the region.
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Our clientele includes a mix of analytical instrumentation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America analytical instrumentation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America analytical instrumentation market outlook size, by country, 2018-2030 (US$M)
Latin America Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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