Argentina Biobank Market Size & Outlook, 2023-2030
Argentina biobank market, 2018-2030 (US$M)
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Argentina biobank market highlights
- The Argentina biobank market generated a revenue of USD 543.9 million in 2023 and is expected to reach USD 794.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, biobanking equipment was the largest revenue generating product in 2023.
- LIMS is the most lucrative product segment registering the fastest growth during the forecast period.
Biobank market data book summary
| Market revenue in 2023 | USD 543.9 million |
| Market revenue in 2030 | USD 794.5 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Biobanking equipment |
| Fastest growing segment | LIMS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biobanking Equipment, Biobanking Consumables, LIMS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Qiagen NV, Booz Allen Hamilton Holding Corp Class A, Tecan Group AG, Danaher Corp, Becton Dickinson & Co, Taylor-Wharton, Charles River Laboratories International Inc, Lonza Group Ltd, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.7% of the global biobank market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biobank 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 5,526.2 million by 2030.
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Biobank Market Scope
Biobank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina biobank 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 biobank market will help companies and investors design strategic landscapes.
Biobanking equipment was the largest segment with a revenue share of 74.66% in 2023. Horizon Databook has segmented the Argentina biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is witnessing an increase in the number of initiatives to foster precision medicine at the local and national levels. Several initiatives pertaining to creation of genomics biobanks for boosting the applications of precision medicine in the country are likely to drive the market.
For instance, PoblAr, a reference and genomics biobank program in Argentina, aims to enhance the applications of genomics in biomedical research.
Furthermore, the country is in a unique position to take advantage of current global prospects due to the combination of expanding commercial and governmental R&D activities, a pool of highly trained people resources in the biosciences, and a well-developed healthcare industry in the country.
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Our clientele includes a mix of biobank 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 Argentina biobank market , including forecasts for subscribers. This country databook contains high-level insights into Argentina biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina biobank market size, by product, 2018-2030 (US$M)
Argentina Biobank Market Outlook Share, 2023 & 2030 (US$M)
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