Latin America Flow Cytometry Market Size & Outlook
Latin America flow cytometry market, 2018-2030 (US$M)
Related Markets
Latin America flow cytometry market highlights
- The Latin America flow cytometry market generated a revenue of USD 256.8 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 256.8 million |
| Market revenue in 2030 | USD 391.5 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.9% of the global flow cytometry market in 2023.
- 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 1,656.6 million by 2030.
Instruments was the largest segment with a revenue share of 35.24% in 2023. Horizon Databook has segmented the Latin America flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
In the current market scenario, flow cytometry in Latin America is associated with growing biotechnology and biopharmaceutical industries in key countries, including Brazil and Mexico. Brazil dominates this region in terms of market size. There are ample opportunities for R&D and production of biopharmaceutical products in Brazil.
This is anticipated to create high demand for flow cytometry systems and solutions for conducting research in the country. However, low investments in the field of biotechnology in countries such as Argentina are anticipated to hamper the overall market growth during the forecast period.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America flow cytometry market size, by country, 2018-2030 (US$M)
Latin America Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
