Mexico Cell Culture Market Size & Outlook, 2023-2030
Mexico cell culture market, 2018-2030 (US$M)
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Mexico cell culture market highlights
- The Mexico cell culture market generated a revenue of USD 204.8 million in 2023 and is expected to reach USD 439.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.5% 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 204.8 million |
| Market revenue in 2030 | USD 439.2 million |
| Growth rate | 11.5% (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, Mexico accounted for 1.1% 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 |
|---|
Mexico 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 57.37% in 2023. Horizon Databook has segmented the Mexico cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is a diverse country, and it consists of over 180 modern biotechnology companies. This is expected to create opportunities in the cell culture market. The interest of global companies is growing in the country, and collaborations are being formed to enhance the use of cell culture. For instance, in November 2021, NovocellBio entered into a collaboration with Mexico-based TecSalud to develop cell therapy.
TecSalud will continue developing cell therapy in Mexico for the next 5 years. Such developments are expected to create a strong demand for cell culture products in the country. Key players in the market include Sartorius, STEMCELL Technologies, Inc., BD, and Thermo Fisher Scientific.
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Our clientele includes a mix of cell culture market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cell culture market size, by product, 2018-2030 (US$M)
Mexico Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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