Market revenue in 2023 | USD 32.7 million |
Market revenue in 2030 | USD 63.9 million |
Growth rate | 10% (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 |
Biorepository services was the largest segment with a revenue share of 66.36% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is the second-largest market for clinical trials after Brazil and accounts for 20.00% of total clinical trials conducted in Latin America. Rising number of clinical trials in Mexico is boosting the demand for efficient clinical trial biorepository & archiving solutions, which is attracting market players. The primary challenge is logistics and supply chain with complicated rules pertaining to import and export permits.
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