Latin America Cell & Gene Therapy Bioanalytical Testing Services Market Size & Outlook
Latin America cell & gene therapy bioanalytical testing services market, 2018-2030 (US$M)
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Latin America cell & gene therapy bioanalytical testing services market highlights
- The Latin America cell & gene therapy bioanalytical testing services market generated a revenue of USD 28.3 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, bioavailability & bioequivalence studies was the largest revenue generating test type in 2023.
- Bioavailability & Bioequivalence Studies is the most lucrative test type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 28.3 million |
| Market revenue in 2030 | USD 46.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Bioavailability & bioequivalence studies |
| Fastest growing segment | Bioavailability & Bioequivalence Studies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioavailability & Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, Other test type |
| Key market players worldwide | IQVIA Holdings Inc, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, Charles River Laboratories International Inc, Syneos Health, Intertek Group PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.6% of the global cell & gene therapy bioanalytical testing services 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 277.6 million by 2030.
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Cell & Gene Therapy Bioanalytical Testing Services Market Scope
Cell & Gene Therapy Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America cell & gene therapy bioanalytical testing services 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 & gene therapy bioanalytical testing services market will help companies and investors design strategic landscapes.
Bioavailability & bioequivalence studies was the largest segment with a revenue share of 35.34% in 2023. Horizon Databook has segmented the Latin America cell & gene therapy bioanalytical testing services market based on bioavailability & bioequivalence studies, pharmacokinetics, pharmacodynamics, other test type covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for pharmaceutical drugs is fueling the Latin America cell and gene therapy bioanalytical testing services market as pharmaceutical companies are investing in R&D. Furthermore, the presence of research training institutes in the region, the growing number of clinical trials, and the rising burden of diseases drive expansion in the Latin America market.
For instance, The Advanced Clinical Research Training Institute (CRTI) in Latin America provides continuous training and mentoring to graduates of the CRTI in the region. The training helps strengthen the clinical trial design and execution abilities gained from participation in the CRTI in Latin America. Moreover, it helps to gain a better knowledge of observational trial design and starts planning & carrying out one's observational research.
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Target buyers of Latin America cell & gene therapy bioanalytical testing services market databook
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Our clientele includes a mix of cell & gene therapy bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cell & gene therapy bioanalytical testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cell & gene therapy bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cell & gene therapy bioanalytical testing services market size, by country, 2018-2030 (US$M)
Latin America Cell & Gene Therapy Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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