Mexico Biobank Market Size & Outlook, 2023-2030

The biobank market in Mexico is expected to reach a projected revenue of US$ 1,826.8 million by 2030. A compound annual growth rate of 6.5% is expected of Mexico biobank market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,173.3
Forecast, 2030 (US$M)
$1,826.8
CAGR, 2024 - 2030
6.5%
Report Coverage
Mexico

Mexico biobank market highlights

  • The Mexico biobank market generated a revenue of USD 1,173.3 million in 2023 and is expected to reach USD 1,826.8 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 6.5% 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 2023USD 1,173.3 million
Market revenue in 2030USD 1,826.8 million
Growth rate6.5% (CAGR from 2023 to 2030)
Largest segmentBiobanking equipment
Fastest growing segmentLIMS
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBiobanking Equipment, Biobanking Consumables, LIMS
Key market players worldwideThermo 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, Mexico accounted for 1.5% 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 Companies

Name Profile # Employees HQ Website

Mexico 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 74.73% in 2023. Horizon Databook has segmented the Mexico biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.


Mexico represents a rapidly growing market for biobanks due to the large extent of strategic initiatives being undertaken for the establishment of biobank infrastructure in the country. For instance, the MX Biobank Project aims at building genomic biobanks. 

In the country through the genotyping of over 6,000 participants from a variety of ethnicities. Such initiatives are driving the local capacity for technology development and data management in Mexico, which is likely to benefit the market growth.

Furthermore, the Mexican Biobank project has genotyped over 1.8 million markers from participants from over 32 states and 898 sampling localities to create a genotype-phenotype database. Such initiatives are expected to boost the biobank market in Mexico.

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Target buyers of Mexico biobank market databook

  • Our clientele includes a mix of biobank market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 biobank market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico biobank market size, by product, 2018-2030 (US$M)

Mexico Biobank Market Outlook Share, 2023 & 2030 (US$M)

Mexico biobank market size, by product, 2018-2030 (US$M)

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