Mexico Dna Sequencing Market Size & Outlook, 2023-2030
Mexico dna sequencing market, 2018-2030 (US$M)
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Mexico dna sequencing market highlights
- The Mexico dna sequencing market generated a revenue of USD 173.6 million in 2023 and is expected to reach USD 525.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 17.1% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Dna sequencing market data book summary
| Market revenue in 2023 | USD 173.6 million |
| Market revenue in 2030 | USD 525.5 million |
| Growth rate | 17.1% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Illumina Inc, Qiagen NV, Roche Holding AG, Macrogenics Inc, PerkinElmer, Pacific Biosciences of California Inc, BGI Group, BGC Group Inc Ordinary Shares Class A, Bio-Rad Laboratories Inc, Myriad Genetics Inc, PierianDx, Eurofins Scientific SE |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global dna sequencing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil dna sequencing 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 861.4 million by 2030.
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DNA Sequencing Market Scope
DNA Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico dna sequencing 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 dna sequencing market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 49.14% in 2023. Horizon Databook has segmented the Mexico dna sequencing market based on consumables, instruments, services covering the revenue growth of each sub-segment from 2018 to 2030.
High incidence of chronic & infectious diseases and growing medical tourism in the country, due to its cost-effective healthcare services, are significantly boosting the demand for NGS products for clinical applications. Furthermore, Mexico is the second-largest pharmaceutical market in Latin America after Brazil.
It has emerged as one of the potential countries for biopharmaceutical products, owing to the presence of skilled scientists, low manufacturing costs, and advanced legal framework. Moreover, high penetration of U.S.-based biotechnology companies in Mexico has supported the country’s biotechnology sector.
In addition, the Mexican government has prioritized growth and innovation in the biotechnology sector. Thus, growth in Mexico’s biopharmaceutical and biotechnology industries is anticipated to create high demand for NGS products in the region and support market growth.
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Our clientele includes a mix of dna sequencing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico dna sequencing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico dna sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico dna sequencing market size, by product & service, 2018-2030 (US$M)
Mexico DNA Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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