Mexico Analytical Instrumentation Market Size & Outlook
Mexico analytical instrumentation market, 2018-2030 (US$M)
Related Markets
Mexico analytical instrumentation market highlights
- The Mexico analytical instrumentation market generated a revenue of USD 536.9 million in 2023 and is expected to reach USD 692.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.7% 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.
Analytical instrumentation market data book summary
| Market revenue in 2023 | USD 536.9 million |
| Market revenue in 2030 | USD 692.1 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.0% of the global analytical instrumentation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil analytical instrumentation market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 692.1 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 54.31% in 2023. Horizon Databook has segmented the Mexico analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is one of the largest pharmaceutical markets in Latin America. Mexico has emerged as one of the potential countries for biopharmaceutical products owing to the presence of skilled scientists, low manufacturing costs, and advanced legal framework. Moreover, high penetration of U.S.-based biotechnology companies in Mexico has supported the country’s biotechnology sector.
Thus, growing biopharmaceutical and biotechnology industries in the country are anticipated to create high demand for PCR, sequencing products, and chromatography in the region and support market growth.
Furthermore, rising medical tourism in the country due to its cost-effective healthcare services is anticipated to drive the demand for flow cytometers for clinical applications. However, limited R&D investments and low affordability of technologically advanced systems in the country may hamper the market growth during the forecast period.
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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 country-level data and insights on the Mexico analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico analytical instrumentation market size, by product, 2018-2030 (US$M)
Mexico Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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