Latin America Genomics Market Size & Outlook, 2023-2030
Latin America genomics market, 2018-2030 (US$M)
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Latin America genomics market highlights
- The Latin America genomics market generated a revenue of USD 2,053.7 million in 2023.
- The market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, functional genomics was the largest revenue generating application in 2023.
- Pathway Analysis is the most lucrative application 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 2,053.7 million |
| Market revenue in 2030 | USD 4,667.2 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Functional genomics |
| Fastest growing segment | Pathway Analysis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Functional Genomics, Epigenomics, Pathway Analysis, Biomarker Discovery |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Eppendorf, Eurofins Scientific SE, Roche Holding AG ADR, GE Aerospace, Illumina Inc, Myriad Genetics Inc, Oxford Nanopore Technologies PLC, Pacific Biosciences of California Inc, Qiagen NV, Quest Diagnostics Inc, Thermo Fisher Scientific Inc, 23andMe Holding Co Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global genomics 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 19,759.5 million by 2030.
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Genomics Market Scope
Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America genomics 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 genomics market will help companies and investors design strategic landscapes.
Functional genomics was the largest segment with a revenue share of 32.36% in 2023. Horizon Databook has segmented the Latin America genomics market based on functional genomics, epigenomics, pathway analysis, biomarker discovery covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as Brazil and Mexico have higher disposable income than other countries in Latin America, which is driving market growth in the region. Increasing spending by the government to raise awareness about several lifestyle diseases is expected to create growth opportunities for key players in the market.
Utilization of NGS technologies requires high investment, which is one of the factors limiting the growth. High capital investments and production costs in this region are expected to limit market growth.
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Target buyers of Latin America genomics market databook
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Our clientele includes a mix of genomics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America genomics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America genomics market size, by country, 2018-2030 (US$M)
Latin America Genomics Market Outlook Share, 2023 & 2030 (US$M)
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