Mexico Biotechnology Reagents & Kits Market Size & Outlook
Mexico biotechnology reagents & kits market, 2018-2028 (US$B)
Related Markets
Mexico biotechnology reagents & kits market highlights
- The Mexico biotechnology reagents & kits market generated a revenue of USD 1.7 billion in 2020 and is expected to reach USD 4.6 billion by 2028.
- The Mexico market is expected to grow at a CAGR of 13.6% 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 1.7 billion |
| Market revenue in 2028 | USD 4.6 billion |
| Growth rate | 13.6% (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, Mexico accounted for 0.5% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Biotechnology Reagents & Kits Market Scope
Biotechnology Reagents & Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 23.53% in 2020. Horizon Databook has segmented the Mexico 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.
Mexico offers significant opportunity for growth of industrial biotechnology, as the country has significant biodiversity, experienced workforce, and competitive pricing. Moreover, the country has a free trade agreement with 45 nations due to its location and an accessible legal & regulatory structure.
In Mexico, there are around 180 firms that develop and/or utilize modern biotechnology tools. In which, 31% are in the agricultural sector, 18% healthcare sector, 23% in the environmental applications, 18% in food applications, and 10% in other sectors.
Due to lack of regulatory action by the federal agency in command of biotechnology sanctions, no biotechnology events for food have been certified from 2018. GE cotton is the only permitted commercial crop cultivated in Mexico. This factor is expected to restrain growth of the market.
Reasons to subscribe to Mexico biotechnology reagents & kits market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico biotechnology reagents & kits market databook
-
Our clientele includes a mix of biotechnology reagents & kits 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.).
-
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 reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico biotechnology reagents & kits market size, by kit type, 2018-2028 (US$B)
Mexico Biotechnology Reagents & Kits Market Outlook Share, 2020 & 2028 (US$B)
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
