Latin America Cell Culture Media Market Size & Outlook
The cell culture media market in Latin America is expected to reach a projected revenue of US$ 395.5 million by 2030. A compound annual growth rate of 12.5% is expected of Latin America cell culture media market from 2024 to 2030.
Revenue, 2023 (US$M)
$173.0
Forecast, 2030 (US$M)
$395.5
CAGR, 2024 - 2030
12.5%
Report Coverage
Latin America
Latin America cell culture media market, 2018-2030 (US$M)
Related Markets
Latin America cell culture media market highlights
- The Latin America cell culture media market generated a revenue of USD 173.0 million in 2023.
- The market is expected to grow at a CAGR of 12.5% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 173.0 million |
| Market revenue in 2030 | USD 395.5 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.7% of the global cell culture media 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 3,213.9 million by 2030.
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Cell Culture Media Market Scope
Cell culture media market segmentation & scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America cell culture media market size, by country, 2018-2030 (US$M)
Latin America Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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