Latin America Covid-19 Vaccine Development Tools Market Size & Outlook
Latin America covid-19 vaccine development tools market, 2020-2028 (US$M)
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Latin America covid-19 vaccine development tools market highlights
- The Latin America covid-19 vaccine development tools market generated a revenue of USD 620.5 million in 2020.
- The market is expected to grow at a CAGR of 8.7% from 2021 to 2028.
- In terms of segment, laboratory technologies was the largest revenue generating technologies in 2020.
- Online Technologies is the most lucrative technologies segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 620.5 million |
| Market revenue in 2028 | USD 1,210.2 million |
| Growth rate | 8.7% (CAGR from 2020 to 2028) |
| Largest segment | Laboratory technologies |
| Fastest growing segment | Online Technologies |
| Historical data covered | 2020 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Technologies, Online Technologies |
| Key market players worldwide | Thermo Fisher Scientific Inc, Pfizer Inc, Sartorius AG, Stemcell Holdings Inc Ordinary Shares, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Merck KGaA, Qiagen NV, Shimadzu Corp, Eurofins Scientific SE, Charles River Laboratories International Inc, Takara Bio Inc, Olympus Corp, Avantor Inc, Aurora Innovation Inc Class A, Standard BioTools Inc, Celerion, Cole-Parmer, Hartford Schroders International Stk I, Revvity Inc, Fluidigm Corporation, Polyplus-transfection, Hamilton Lane Inc Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.9% of the global covid-19 vaccine development tools market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach USD 8,675.5 million by 2028.
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COVID-19 Vaccine Development Tools Market Scope
COVID-19 Vaccine Development Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America covid-19 vaccine development tools 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 covid-19 vaccine development tools market will help companies and investors design strategic landscapes.
Laboratory technologies was the largest segment with a revenue share of 95.79% in 2020. Horizon Databook has segmented the Latin America covid-19 vaccine development tools market based on laboratory technologies, online technologies covering the revenue growth of each sub-segment from 2020 to 2028.
Collaborations and strategic alliances are key initiatives are boosting growth of Latin American market. For instance, in August 2021, Pfizer and Biotech partnered with Brazil-based company, Eurogame, to manufacture COVID-19 doses in Latin America.
Eurogame is expected to handle manufacturing activities within Biotech's and Pfizer’s global COVID-19 vaccine supply chain. To enable Eurogame's contribution in the process, technical transfer, on-site development, and equipment & systems installation activities will be initiated at Eurogame's facility.
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Target buyers of Latin America covid-19 vaccine development tools market databook
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Our clientele includes a mix of covid-19 vaccine development tools 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 covid-19 vaccine development tools market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America covid-19 vaccine development tools market from 2020 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America covid-19 vaccine development tools market size, by country, 2020-2028 (US$M)
Latin America COVID-19 Vaccine Development Tools Market Outlook Share, 2020 & 2028 (US$M)
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