Argentina Cell Culture Market Size & Outlook, 2023-2030
Argentina cell culture market, 2018-2030 (US$M)
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Argentina cell culture market highlights
- The Argentina cell culture market generated a revenue of USD 148.3 million in 2023 and is expected to reach USD 345.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture market data book summary
| Market revenue in 2023 | USD 148.3 million |
| Market revenue in 2030 | USD 345.5 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, Corning Inc, Avantor Inc, BD, Eppendorf, Bio-Techne Corp, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global cell culture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cell culture market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 345.5 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina cell culture 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 cell culture market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 57.32% in 2023. Horizon Databook has segmented the Argentina cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is an emerging market for biologics development; hence, the country is anticipated to offer moderate opportunities for cell culture solutions. However, factors like the increasing prevalence of chronic diseases, such as cancer, and rising R&D activities by several public & private organizations are anticipated to boost the demand for cell culture products. Low affordability of advanced cell culture systems in the country and limited spending in the pharma & biotechnology R&D sector are anticipated to limit the growth of Argentina’s cell culture market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Argentina cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina cell culture market size, by product, 2018-2030 (US$M)
Argentina Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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