Mexico Genomics Market Size & Outlook, 2023-2030
Mexico genomics market, 2018-2030 (US$M)
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Mexico genomics market highlights
- The Mexico genomics market generated a revenue of USD 378.7 million in 2023 and is expected to reach USD 853.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.3% 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.
Genomics market data book summary
| Market revenue in 2023 | USD 378.7 million |
| Market revenue in 2030 | USD 853.6 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Functional genomics |
| Fastest growing segment | Pathway Analysis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.2% of the global genomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil genomics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,262.2 million by 2030.
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Genomics Market Scope
Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 32.35% in 2023. Horizon Databook has segmented the Mexico genomics market based on functional genomics, epigenomics, pathway analysis, biomarker discovery covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico, being a developing economy, witnessed several challenges in implementing novel genomic technologies in healthcare. These challenges include inadequate nutrition, limited resources, and lack of robust research network.
To address these concerns, several initiatives have been taken in the country that focus on detailed study of genetic makeup. Notably, in 2020, the primary causes of mortality in Mexico are cardiac conditions with almost 172,000 deaths, followed by deaths due to diabetes and stroke.
Substantial initiatives are being undertaken by government and corporate organizations in Mexico to boost genomics market growth. For instance, genomic medicine research in Mexico is led by the National Institute of Genomic Medicine (INMEGEN), established as the 11th NIH and a promoter consortium of the Institute of Genomic Medicine in Mexico.
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Target buyers of Mexico 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 country-level data and insights on the Mexico genomics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico genomics market size, by application, 2018-2030 (US$M)
Mexico Genomics Market Outlook Share, 2023 & 2030 (US$M)
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