Mexico Bioanalytical Testing Services Market Size & Outlook
Mexico bioanalytical testing services market, 2018-2030 (US$M)
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Mexico bioanalytical testing services market highlights
- The Mexico bioanalytical testing services market generated a revenue of USD 46.7 million in 2023 and is expected to reach USD 81.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, small molecule was the largest revenue generating molecule in 2023.
- Large Molecule is the most lucrative molecule segment registering the fastest growth during the forecast period.
Bioanalytical testing services market data book summary
| Market revenue in 2023 | USD 46.7 million |
| Market revenue in 2030 | USD 81.8 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | Thermo Fisher Scientific Inc, Icon PLC, Charles River Laboratories International Inc, Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Intertek Group PLC, Pace Analytical Services |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global bioanalytical testing services market in 2023.
- Country-wise, Kuwait is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 118.5 million by 2030.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico bioanalytical testing services 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 bioanalytical testing services market will help companies and investors design strategic landscapes.
Small molecule was the largest segment with a revenue share of 57.82% in 2023. Horizon Databook has segmented the Mexico bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
According to the report published by the World Bank in January 2022, 46% of medicine needs in the Latin American region are fulfilled by the pharmaceutical producers of Mexico. Government policies promoting generic drugs, the rising number of assays, & technological advancements in bioanalytical services are projected to boost the market growth.
Some key players operating in the country are IMMUNOLOGIX, Crux Biolabs Pty Ltd, ALS, and Tantalus. The bioanalytical testing service laboratory in Mexico is regulated by the Federal Commission for the Protection against Sanitary Risk (COFEPRIS).
The approval is granted only for 2 years. COFEPRIS conducts inspections of each laboratory every 2 years, which may result in cancellation or renewal based on the inspection's outcome.
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Our clientele includes a mix of bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Mexico bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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