Latin America Gene Amplification Technologies Market Size & Outlook
Latin America gene amplification technologies market, 2018-2028 (US$M)
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Latin America gene amplification technologies market highlights
- The Latin America gene amplification technologies market generated a revenue of USD 1,464.7 million in 2021.
- The market is expected to grow at a CAGR of -0.9% from 2022 to 2028.
- In terms of segment, pcr-based amplification was the largest revenue generating technology in 2021.
- Nucleic Acid Sequence Based Amplification (NASBA) is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 1,464.7 million |
| Market revenue in 2028 | USD 1,372.7 million |
| Growth rate | -0.9% (CAGR from 2021 to 2028) |
| Largest segment | Pcr-based amplification |
| Fastest growing segment | Nucleic Acid Sequence Based Amplification (NASBA) |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PCR-based Amplification, Loop Mediated Isothermal Amplification (LAMP), Nucleic Acid Sequence Based Amplification (NASBA), Strand Displacement Amplification (SDA), Multiple displacement amplification (MDA), Rolling Circle Amplification (RCA), Ramification amplification method (RAM) |
| Key market players worldwide | Qiagen NV, Illumina Inc, Bio-Rad Laboratories Inc, Silicon Laboratories Inc, Merck KGaA, Promega, Takara Bio Inc, Danaher Corp, New England Biolabs, 4Basebio, LGC Group, Vazyme Biotech, MyBiosource |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.6% of the global gene amplification technologies market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,409.9 million by 2028.
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Gene Amplification Technologies Market Scope
Gene Amplification Technologies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America gene amplification technologies 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 gene amplification technologies market will help companies and investors design strategic landscapes.
Pcr-based amplification was the largest segment with a revenue share of 90.63% in 2021. Horizon Databook has segmented the Latin America gene amplification technologies market based on pcr-based amplification, loop mediated isothermal amplification (lamp), nucleic acid sequence based amplification (nasba), strand displacement amplification (sda), multiple displacement amplification (mda), rolling circle amplification (rca), ramification amplification method (ram) covering the revenue growth of each sub-segment from 2018 to 2028.
Latin America region shows slow penetration of gene amplification technologies market. However, developing biotechnology and biopharmaceutical industries in the Latin American countries are anticipated to increase the adoption of gene amplification technologies in the region.
For instance, in November 2019 researchers from Brazil conducted a study for the determination of the first Complete Genome Sequences of HCV-2b isolates from Latin America. In this study, PCR based amplification method was used. Such studies are expected to increase the use of gene amplification technologies in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America gene amplification technologies market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America gene amplification technologies market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America gene amplification technologies market size, by country, 2018-2028 (US$M)
Latin America Gene Amplification Technologies Market Outlook Share, 2021 & 2028 (US$M)
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