Argentina Biochip Market Size & Outlook, 2023-2030
Argentina biochip market, 2018-2030 (US$M)
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Argentina biochip market highlights
- The Argentina biochip market generated a revenue of USD 86.2 million in 2023 and is expected to reach USD 162.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, dna chips was the largest revenue generating type in 2023.
- Lab-on-chip is the most lucrative type segment registering the fastest growth during the forecast period.
Biochip market data book summary
| Market revenue in 2023 | USD 86.2 million |
| Market revenue in 2030 | USD 162.3 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Dna chips |
| Fastest growing segment | Lab-on-chip |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tissue Arrays, Cell Arrays, DNA Chips, Lab-on-chip, Protein Chips |
| Key market players worldwide | Agilent Technologies Inc, PerkinElmer, Illumina Inc, Bio-Rad Laboratories Inc, Standard BioTools Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Qiagen NV, Randox |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global biochip market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biochip 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 764.7 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina biochip 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 biochip market will help companies and investors design strategic landscapes.
Dna chips was the largest segment with a revenue share of 37.24% in 2023. Horizon Databook has segmented the Argentina biochip market based on tissue arrays, cell arrays, dna chips, lab-on-chip, protein chips covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is an emerging market when it comes to novel diagnostics and therapeutics development, as per the Information Technology and Innovation Foundation. Thus, the country is anticipated to offer moderate opportunities for biochip solutions.
However, various factors such as the increasing prevalence of chronic diseases, including cancer, and rising R&D activities by several public & private organizations are anticipated to boost the demand for DNA-based chips. Low affordability of advanced medicinal products and limited spending in pharmaceutical & biotechnology R&D sectors are anticipated to limit the growth of Argentina’s biochip market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina biochip market, including forecasts for subscribers. This country databook contains high-level insights into Argentina biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina biochips market size, by type, 2018-2030 (US$M)
Argentina Biochip Market Share, 2023 & 2030 (US$M)
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