Latin America Ecotoxicological Studies Market Size & Outlook
Latin America ecotoxicological studies market, 2018-2030 (US$M)
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Latin America ecotoxicological studies market highlights
- The Latin America ecotoxicological studies market generated a revenue of USD 104.5 million in 2023.
- The market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, aquatic ecotoxicology was the largest revenue generating service type in 2023.
- Sediment Ecotoxicology is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 104.5 million |
| Market revenue in 2030 | USD 131.2 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Aquatic ecotoxicology |
| Fastest growing segment | Sediment Ecotoxicology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aquatic Ecotoxicology, Sediment Ecotoxicology, Terrestrial Ecotoxicology, Avian Ecotoxicology, Pollinator Testing |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Charles River Laboratories International Inc, Eurofins Scientific SE, Smithers Quality & Certification, Aragen, Fera Science Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.6% of the global ecotoxicological studies market in 2023.
- Globally, Europe 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 313.2 million by 2030.
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Ecotoxicological Studies Market Scope
Ecotoxicological Studies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America ecotoxicological studies 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 ecotoxicological studies market will help companies and investors design strategic landscapes.
Aquatic ecotoxicology was the largest segment with a revenue share of 43.92% in 2023. Horizon Databook has segmented the Latin America ecotoxicological studies market based on aquatic ecotoxicology, sediment ecotoxicology, terrestrial ecotoxicology, avian ecotoxicology, pollinator testing covering the revenue growth of each sub-segment from 2018 to 2030.
Expansion of international and well-established companies in countries such as Brazil is one of the key drivers of Latin America’s market. Major pharmaceutical companies are opting for testing services in this region as a viable strategy to stay competitive in the global market.
Brazil dominates this region in terms of market size & share and is expected to provide ample opportunities for finished dose products. The region is also expected to exhibit considerable growth owing to its proximity to the U.S., which reduces monitoring costs associated with preclinical services.
An increase in R&D investments and regulatory support is a major factor expected to drive the region’s market over the forecast period. Growth of the pharmaceutical industry in Latin America is another reason responsible for boosting its market.
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Our clientele includes a mix of ecotoxicological studies market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ecotoxicological studies market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America ecotoxicological studies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ecotoxicological studies market size, by country, 2018-2030 (US$M)
Latin America Ecotoxicological Studies Market Share, 2023 & 2030 (US$M)
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