Mexico Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook

The clinical trial biorepository & archiving solutions market in Mexico is expected to reach a projected revenue of US$ 63.9 million by 2030. A compound annual growth rate of 10% is expected of Mexico clinical trial biorepository & archiving solutions market from 2024 to 2030.
Revenue, 2023 (US$M)
$32.7
Forecast, 2030 (US$M)
$63.9
CAGR, 2024 - 2030
10%
Report Coverage
Mexico

Mexico clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)

Mexico
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Mexico clinical trial biorepository & archiving solutions market highlights

  • The Mexico clinical trial biorepository & archiving solutions market generated a revenue of USD 32.7 million in 2023 and is expected to reach USD 63.9 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 10% 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 2023USD 32.7 million
Market revenue in 2030USD 63.9 million
Growth rate10% (CAGR from 2023 to 2030)
Largest segmentBiorepository services
Fastest growing segmentBiorepository Services
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBiorepository Services, Archiving Solution Services
Key market players worldwideAzenta 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, Mexico accounted for 0.8% 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 66.36% 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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Clinical Trial Biorepository & Archiving Solutions Market Companies

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Mexico clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)

Mexico Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)

Mexico clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)

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