Latin America Biologics Market Size & Outlook, 2024-2030
Latin America biologics market, 2018-2030 (US$M)
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Latin America biologics market highlights
- The Latin America biologics market generated a revenue of USD 9,628.8 million in 2024.
- The market is expected to grow at a CAGR of 9.4% from 2025 to 2030.
- In terms of segment, monoclonal antibodies (mabs) was the largest revenue generating product in 2024.
- Antisense & RNAi Therapeutics is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 9,628.8 million |
| Market revenue in 2030 | USD 16,464.4 million |
| Growth rate | 9.4% (CAGR from 2025 to 2030) |
| Largest segment | Monoclonal antibodies (mabs) |
| Fastest growing segment | Antisense & RNAi Therapeutics |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monoclonal antibodies (MABs), Vaccines, Recombinant Proteins, Antisense & RNAi Therapeutics |
| Key market players worldwide | Samsung BioLogics, Amgen Inc, Novo Nordisk A/S ADR, AbbVie Inc, Sanofi SA, Johnson & Johnson, Celltrion Healthcare, Bristol-Myers Squibb Co, Eli Lilly and Co, Roche Holding AG ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.4% of the global biologics market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 110,546.4 million by 2030.
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Biologics Market Scope
Biologics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America biologics 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 biologics market will help companies and investors design strategic landscapes.
Monoclonal antibodies (mabs) was the largest segment with a revenue share of 69.01% in 2024. Horizon Databook has segmented the Latin America biologics market based on monoclonal antibodies (mabs), vaccines, recombinant proteins, antisense & rnai therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
With improvement in GDP growth and a hub for a large number of biologics contract manufacturing companies, this region is expected to witness significant growth, particularly, Brazil. Rules and regulations for biological drug product registration in Latin American countries is anticipated to positively influence the Latin American market of biologics.
For instance, Administración Nacional de Medicamentos, Alimentos y Tecnología Médica (ANMAT) regulations are implemented for biologics registration in Argentina which helps the firms in preparing marketing authorization applications for biologics.
Moreover, the untapped market potential in this region creates ample avenues for international companies to establish their presence in this region, thereby driving biologic market growth in this region.
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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 continent-level data and insights on the Latin America biologics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biologics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Biologics Market Outlook Share, 2024 & 2030 (US$M)
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