Argentina Central Lab Market Size & Outlook, 2023-2030
Argentina central lab market, 2018-2030 (US$M)
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Argentina central lab market highlights
- The Argentina central lab market generated a revenue of USD 14.8 million in 2023 and is expected to reach USD 23.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, biomarker services was the largest revenue generating services in 2023.
- Genetic Services is the most lucrative services segment registering the fastest growth during the forecast period.
Central lab market data book summary
| Market revenue in 2023 | USD 14.8 million |
| Market revenue in 2030 | USD 23.9 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Biomarker services |
| Fastest growing segment | Genetic Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology/Histology, Specimen Management & Storage, Special Chemistry Services |
| Key market players worldwide | LabConnect, Eurofins Scientific SE, A. P. Moller Maersk A/S ADR, ACM Global, Cerba Research, Synevo Central Labs, Versiti, Cenetron, Ampersand Capital Partners, Pacific Biomarkers, Cirion |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global central lab market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil central lab 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 23.9 million by 2030.
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Central Lab Market Scope
Central Lab Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina central lab 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 central lab market will help companies and investors design strategic landscapes.
Biomarker services was the largest segment with a revenue share of 38.51% in 2023. Horizon Databook has segmented the Argentina central lab market based on genetic services, biomarker services, microbiology services, anatomic pathology/histology, specimen management & storage, special chemistry services covering the revenue growth of each sub-segment from 2018 to 2030.
Substantial government support for clinical research coupled with improvements in healthcare infrastructure is anticipated to propel market growth.
The country has become a prime destination for outsourcing clinical research and central laboratory services due to several advantages offered, such as relatively easy access to the patient population and the presence of one of the most developed healthcare systems in Latin America.
As a result, the demand for central laboratory services in Argentina is expected to grow in the near future. Clinical trials in the country are majorly regulated by the National Administration of Drugs, Foods and Medical Technology (ANMAT), under the Argentine Ministry of Health, in addition to other local regulatory bodies.
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Our clientele includes a mix of central lab market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina central lab market , including forecasts for subscribers. This country databook contains high-level insights into Argentina central lab market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina central lab market size, by services, 2018-2030 (US$M)
Argentina Central Lab Market Outlook Share, 2023 & 2030 (US$M)
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