Argentina Cell Culture Media Market Size & Outlook
Argentina cell culture media market, 2018-2030 (US$M)
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Argentina cell culture media market highlights
- The Argentina cell culture media market generated a revenue of USD 25.5 million in 2023 and is expected to reach USD 64.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, serum-free media was the largest revenue generating product in 2023.
- Serum-free Media is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture media market data book summary
| Market revenue in 2023 | USD 25.5 million |
| Market revenue in 2030 | USD 64.3 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum-free Media, Classical Media, Stem Cell Culture Media, Chemically Defined Media, Specialty Media, Other Cell Culture Media |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corp, Lonza Group Ltd, BD, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global cell culture media 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 media 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 64.3 million by 2030.
Serum-free media was the largest segment with a revenue share of 34.9% in 2023. Horizon Databook has segmented the Argentina cell culture media market based on serum-free media, classical media, stem cell culture media, chemically defined media, specialty media, other cell culture media covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is an emerging market when it comes to biologics development, as per Information Technology and Innovation Foundation. Thus, the country is anticipated to offer moderate opportunities for cell culture media solutions.
However, various factors such as increasing prevalence of chronic diseases, including cancer, and rising R&D activities by several public & private organizations are anticipated to boost the demand for cell culture media products. Low affordability of advanced and specialized cell culture media products in the country and limited spending in pharmaceutical & biotechnology R&D sector are anticipated to limit the growth of Argentina cell culture media market.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina cell culture media market size, by product, 2018-2030 (US$M)
Argentina Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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