Latin America Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook
Latin America clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)
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Latin America clinical trial biorepository & archiving solutions market highlights
- The Latin America clinical trial biorepository & archiving solutions market generated a revenue of USD 111.7 million in 2023.
- The market is expected to grow at a CAGR of 10.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 111.7 million |
| Market revenue in 2030 | USD 218.9 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Biorepository services |
| Fastest growing segment | Biorepository Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 2.8% of the global clinical trial biorepository & archiving solutions 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 1,211.9 million by 2030.
Biorepository services was the largest segment with a revenue share of 66.34% in 2023. Horizon Databook has segmented the Latin America 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.
Clinical research is increasing in Latin America and other emerging nations mainly due to cost effectiveness, presence of regulatory agencies for research, easy patient recruitment & enrollment, and presence of developing economies in the region, which is boosting research capacity. Latin America consists of more than 20 countries that provide a vast pool of subjects for conducting trials for marketed drugs.
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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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Latin America clinical trial biorepository & archiving solutions market size, by country, 2018-2030 (US$M)
Latin America Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)
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