Brazil Flow Cytometry Market Size & Outlook, 2023-2030
Brazil flow cytometry market, 2018-2030 (US$M)
Related Markets
Brazil flow cytometry market highlights
- The Brazil flow cytometry market generated a revenue of USD 114.4 million in 2023 and is expected to reach USD 177.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Flow cytometry market data book summary
| Market revenue in 2023 | USD 114.4 million |
| Market revenue in 2030 | USD 177.9 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Consumables, Software, Accessories, Services |
| Key market players worldwide | Danaher Corp, BD, Sysmex Corp, Agilent Technologies, Apogee Enterprises Inc, Bio-Rad Laboratories Inc Class A, Thermo Fisher Scientific Inc, Wipro Ltd ADR, Diasorin SpA, Miltenyi Biotec, Sony Group Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.6% of the global flow cytometry market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil flow cytometry market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 83.8 million by 2030.
Instruments was the largest segment with a revenue share of 34.53% in 2023. Horizon Databook has segmented the Brazil flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is anticipated to be the most lucrative market for flow cytometry products in Latin America. This dominance can be attributed to the presence of an established pharmaceutical industry in the country as compared to other Latin American countries. Furthermore, increasing public-private initiatives to facilitate access to advance flow cytometry solutions in the country are expected to drive market growth.
For instance, since 2010, Grupo Brasileiro de Citometria de Fluxo (the Brazilian Group of Flow Cytometry), an organization comprising specialists in flow cytometry, is contributing to scientific and technological advancements in Brazilian research & clinical laboratories.
However, public-private investments in pharmaceutical & biotechnology sectors and the number of R&D initiatives in the country are limited as compared to other developing countries in Europe and Asia Pacific.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil flow cytometry market size, by product, 2018-2030 (US$M)
Brazil Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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