Latin America Cell Culture Market Size & Outlook

The cell culture market in Latin America is expected to reach a projected revenue of US$ 2,113.2 million by 2030. A compound annual growth rate of 11.4% is expected of Latin America cell culture market from 2024 to 2030.
Revenue, 2023 (US$M)
$991.4
Forecast, 2030 (US$M)
$2,113.2
CAGR, 2024 - 2030
11.4%
Report Coverage
Latin America

Latin America cell culture market highlights

  • The Latin America cell culture market generated a revenue of USD 991.4 million in 2023.
  • The market is expected to grow at a CAGR of 11.4% 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.
  • Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 991.4 million
Market revenue in 2030USD 2,113.2 million
Growth rate11.4% (CAGR from 2023 to 2030)
Largest segmentConsumables
Fastest growing segmentConsumables
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConsumables, Instruments
Key market players worldwideSartorius 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, Latin America region accounted for 5.4% of the global cell culture market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 10,567.0 million by 2030.

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Cell Culture Market Companies

Name Profile # Employees HQ Website

Latin America 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 57.33% in 2023. Horizon Databook has segmented the Latin America cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Cell Culture Product Outlook (Revenue, USD Million, 2018-2030)
    • Consumables
      • Sera
        • Fetal Bovine Serum
        • Other
      • Reagents
        • Albumin
        • Others
      • Media
        • Serum-free Media
          • CHO Media
          • HEK 293 Media
          • BHK Medium
          • Vero Medium
          • Other Serum-free Media
        • Classical Media
        • Stem Cell Culture Media
        • Chemically Defined Media
        • Specialty Media
        • Other Cell Culture Media
    • Instruments
      • Culture Systems
      • Incubators
      • Centrifuges
      • Cryostorage Equipment
      • Biosafety Equipment
      • Pipetting Equipment
  • Latin America Cell Culture Application Outlook (Revenue, USD Million, 2018-2030)
    • Biopharmaceutical Production
      • Monoclonal Antibodies
      • Vaccines Production
      • Other Therapeutic Proteins
    • Drug Development
    • Diagnostics
    • Tissue Culture & Engineering
    • Cell & Gene Therapy
    • Toxicity Testing
    • Other Applications

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cell culture market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America cell culture market size, by country, 2018-2030 (US$M)

Latin America Cell Culture Market Outlook Share, 2023 & 2030 (US$M)

Latin America cell culture market size, by country, 2018-2030 (US$M)

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