Latin America Compound Management Market Size & Outlook
Latin America compound management market, 2018-2030 (US$M)
Related Markets
Latin America compound management market highlights
- The Latin America compound management market generated a revenue of USD 35.2 million in 2022.
- The market is expected to grow at a CAGR of 17% from 2023 to 2030.
- In terms of segment, product was the largest revenue generating type in 2022.
- Service is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 35.2 million |
| Market revenue in 2030 | USD 123.1 million |
| Growth rate | 17% (CAGR from 2022 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Azenta Inc, Tecan Group AG, Hamilton Lane Inc Class A, Evotec SE, LiCONiC, SPT Labtech, BioAscent, Beckman Coulter, Axxam |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global compound management market in 2022.
- 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 339.4 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America compound management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compound management market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 61.93% in 2022. Horizon Databook has segmented the Latin America compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has become an attractive destination for pharmaceutical companies due to its large population, growing economy, and favorable government policies. The region offers a diverse pool of talent, cost-effective labor, and access to novel technologies & facilities, making it an ideal location for drug discovery & development activities.
The compound management market in Latin America is fragmented, with several local and international players operating in the region. Some of the key players in the market include Thermo Fisher Scientific, Brooks Life Sciences, Hamilton Company, Tecan Group, and TTP Group, among others.
Overall, the compound management market in Latin America is expected to experience growth in the coming years, driven by the expansion of the pharmaceutical industry and the increasing demand for drug discovery services.
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Target buyers of Latin America compound management market databook
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Our clientele includes a mix of compound management market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America compound management market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America compound management market size, by country, 2018-2030 (US$M)
Latin America Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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