Mexico Biotechnology Market Size & Outlook, 2023-2030
Mexico biotechnology market, 2018-2030 (US$M)
Related Markets
Mexico biotechnology market highlights
- The Mexico biotechnology market generated a revenue of USD 7,649.0 million in 2023 and is expected to reach USD 14,806.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
Biotechnology market data book summary
| Market revenue in 2023 | USD 7,649.0 million |
| Market revenue in 2030 | USD 14,806.5 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.5% of the global biotechnology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biotechnology 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 69,140.3 million by 2030.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico biotechnology 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 biotechnology market will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 45.56% in 2023. Horizon Databook has segmented the Mexico biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
Owing to distinctive competitive advantages, Mexico biotechnology market has great potential and is expected to become favorable for biopharmaceutical innovation in the near-term. Emerging biotechnology clusters are among major factors for driving biopharmaceutical innovation in the country.
In addition, the country has signed Free Trade Agreements with more than thirty countries in the world. This has led to large flow of foreign direct investment and expansion of operations by several multinational biopharmaceutical companies in the country.
Currently, the country's biotechnology market is expanding, and researchers are exploring new applications in human & veterinary health, environmental protection, agricultural modernization, biofuels, and other areas.
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Target buyers of Mexico biotechnology market databook
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Our clientele includes a mix of biotechnology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico biotechnology market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biotechnology market size, by application, 2018-2030 (US$M)
Mexico Biotechnology Market Outlook Share, 2023 & 2030 (US$M)
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