Brazil Cell Culture Market Size & Outlook, 2023-2030
Brazil cell culture market, 2018-2030 (US$M)
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Brazil cell culture market highlights
- The Brazil cell culture market generated a revenue of USD 415.7 million in 2023 and is expected to reach USD 876.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.3% 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 415.7 million |
| Market revenue in 2030 | USD 876.7 million |
| Growth rate | 11.3% (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, Brazil accounted for 2.3% 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 |
|---|
Brazil 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 57.42% in 2023. Horizon Databook has segmented the Brazil cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is anticipated to be one of the most lucrative markets for cell culture products in Latin America. This dominance can be attributed to the presence of an established pharmaceutical industry compared to other Latin American countries. Stem cell biology in Brazil has exhibited significant growth in the past decade.
For instance, over 130,000 scientists are conducting research in the country, with over 250 associated with Brazilian Association for Cell Therapy. Key players in Brazil include Danaher, Merck KGaA, Sartorius, Eppendorf, and others. Moreover, a supportive regulatory framework allows researchers to work with nonviable embryooriginated cells, which makes research on cell lines and testing new molecules significantly easy in Brazil.
This is expected to increase the demand for cell culture products in the country. In addition, an increase in cancer research, wherein cell culture products play a crucial role, generates novel opportunities. These factors are anticipated to boost the market in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cell culture market size, by product, 2018-2030 (US$M)
Brazil Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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