Brazil Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook
Brazil clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)
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Brazil clinical trial biorepository & archiving solutions market highlights
- The Brazil clinical trial biorepository & archiving solutions market generated a revenue of USD 41.3 million in 2023 and is expected to reach USD 82.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, biorepository services was the largest revenue generating service in 2023.
- Biorepository Services is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial biorepository & archiving solutions market data book summary
| Market revenue in 2023 | USD 41.3 million |
| Market revenue in 2030 | USD 82.5 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Biorepository services |
| Fastest growing segment | Biorepository Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biorepository Services, Archiving Solution Services |
| Key market players worldwide | Azenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.0% of the global clinical trial biorepository & archiving solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil clinical trial biorepository & archiving solutions market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 82.5 million by 2030.
Biorepository services was the largest segment with a revenue share of 66.34% in 2024. Horizon Databook has segmented the Brazil clinical trial biorepository & archiving solutions market based on biorepository services, archiving solution services covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounts for 30.00% of the total trials conducted in Latin America owing to low cost, ease in patient recruitment, and presence of a diverse patient population. Changing regulation and logistics are primary challenges for biopharmaceutical companies and CROs, which is restraining entry into this market.
The regulatory approval process is stringent, as it involves approval from two entities Comissão Nacional de Ética em Pesquisa (CONEP) and Agência Nacional de Vigilância Sanitária (ANVISA).
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Clinical Trial Biorepository & Archiving Solutions Market Scope
Clinical Trial Biorepository & Archiving Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)
Brazil Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2024 & 2030 (US$M)
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