Brazil Biotechnology Reagents & Kits Market Size & Outlook
Brazil biotechnology reagents & kits market, 2018-2028 (US$B)
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Brazil biotechnology reagents & kits market highlights
- The Brazil biotechnology reagents & kits market generated a revenue of USD 5.4 billion in 2020 and is expected to reach USD 16.0 billion by 2028.
- The Brazil market is expected to grow at a CAGR of 14.5% from 2021 to 2028.
- In terms of segment, amplification kits was the largest revenue generating kit type in 2020.
- Detection Kits is the most lucrative kit type segment registering the fastest growth during the forecast period.
Biotechnology reagents & kits market data book summary
| Market revenue in 2020 | USD 5.4 billion |
| Market revenue in 2028 | USD 16.0 billion |
| Growth rate | 14.5% (CAGR from 2020 to 2028) |
| Largest segment | Amplification kits |
| Fastest growing segment | Detection Kits |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Purification Kits, Amplification Kits, Detection Kits, Isolation Kits |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, New England Biolabs, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Merck KGaA, Promega, Takara Bio Inc, LGC Group, Toyobo Co Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global biotechnology reagents & kits market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil biotechnology reagents & kits market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16.0 billion by 2028.
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Biotechnology Reagents & Kits Market Scope
Biotechnology Reagents & Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil biotechnology reagents & kits 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 reagents & kits market will help companies and investors design strategic landscapes.
Amplification kits was the largest segment with a revenue share of 22.22% in 2020. Horizon Databook has segmented the Brazil biotechnology reagents & kits market based on purification kits, amplification kits, detection kits, isolation kits covering the revenue growth of each sub-segment from 2018 to 2028.
In Brazil, the biotechnology industry has witnessed rapid growth in the last few years, which is anticipated to continue in the near future. Many multinational companies are attracted to the Brazilian market, as Brazil provides a favorable business environment for new biotech companies and startups.
According to data from the Brazilian Center of Analysis and Planning, there were 237 biotechnology companies in Brazil in 2017. Most of them are working on human health (39.7%), supported by two important sectors, reagents and animal health.
Research done by Biominas Brazil mapped around 222 startups and research projects in Brazil, which are focused on biotechnology for human and animal health. Its results indicated that Brazil has the potential to foster the growth of innovative biotech companies, which is expected to drive market demand in Brazil.
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Target buyers of Brazil biotechnology reagents & kits market databook
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Our clientele includes a mix of biotechnology reagents & kits 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 Brazil biotechnology reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil biotechnology reagents & kits market size, by kit type, 2018-2028 (US$B)
Brazil Biotechnology Reagents & Kits Market Outlook Share, 2020 & 2028 (US$B)
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