Latin America Clinical Trial Supplies Market Size & Outlook
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Latin America clinical trial supplies market highlights
- The Latin America clinical trial supplies market generated a revenue of USD 258.0 million in 2025.
- The market is expected to grow at a CAGR of 8.4% from 2026 to 2033.
- In terms of segment, phase iii was the largest revenue generating phase in 2025.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 258.0 million |
| Market revenue in 2033 | USD 484.1 million |
| Growth rate | 8.4% (CAGR from 2026 to 2033) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III |
| Key market players worldwide | Almac Group, Catalent Inc, Waldencast PLC Class A, PCI Technology, Sharp Corp, Thermo Fisher Scientific Inc, PAREXEL, Marken, KLIFO, BioCair |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.5% of the global clinical trial supplies market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,236.7 million by 2033.
Phase iii was the largest segment with a revenue share of 57.75% in 2025. Horizon Databook has segmented the Latin America clinical trial supplies market based on phase i, phase ii, phase iii covering the revenue growth of each sub-segment from 2021 to 2033.
Latin America is one of the fastest growing regions in terms of number of clinical trial sites owing to its diverse population, ease in access to patients, proximity to North America, and relatively low transportation cost. These factors are driving the market for clinical trials in this region.
Colombia, Peru, Chile, Argentina, Mexico, and Brazil accounted for 90.0% of the total clinical trials conducted in Latin America. Recent regulatory reforms to reduce clinical trial application approval period in Brazil, China, and Argentina are expected to boost the clinical trial supplies market.
In 2012, PAREXEL International Corporation, a global leader of clinical trial supplies, expanded its presence in Latin America by launching a new enlarged depot in Santiago, Chile to enhance supply chain management in this region, thereby enhancing the growth of Latin America clinical trial supplies market.
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Clinical Trial Supplies Market Scope
Clinical Trial Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| KLIFO | View profile | 101-250 | Glostrup, Hovedstaden, Denmark, Europe | https://klifo.com/ |
| BioCair | View profile | 101-250 | Cambridge, Massachusetts, United States, North America | http://www.biocair.com |
| Marken | View profile | 501-1000 | Durham, North Carolina, United States, North America | https://www.marken.com/ |
| Waldencast PLC Class A | View profile | 281 | 10 Bank Street, Suite 560, White Plains, NY, United States, 10606 | https://www.waldencast.com |
| Almac Group | View profile | 1001-5000 | Craigavon, Craigavon, United Kingdom, Europe | https://www.almacgroup.com |
| PCI Technology | View profile | 11-50 | Reston, Virginia, United States, North America | https://pcitechnologyservices.com |
| Sharp Corp | View profile | 46200 | 1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, Japan, 590-8522 | https://www.sharp.co.jp |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| Catalent Inc | View profile | 17219 | 14 Schoolhouse Road, Somerset, NJ, United States, 08873 | https://www.catalent.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Latin America clinical trial supplies market size, by country, 2021-2033 (US$M)
Latin America Clinical Trial Supplies Market Outlook Share, 2025 & 2033 (US$M)
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