Latin America Genotyping Market Size & Outlook, 2023-2030
Latin America genotyping market, 2018-2030 (US$M)
Related Markets
Latin America genotyping market highlights
- The Latin America genotyping market generated a revenue of USD 774.2 million in 2023.
- The market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & kits 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 774.2 million |
| Market revenue in 2030 | USD 1,789.2 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & kits |
| 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 & kits, Services |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Qiagen NV, Roche, Fluidigm Corporation, Danaher Corp, Agilent Technologies, Eurofins Scientific SE, GE HealthCare Technologies Inc Common Stock, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global genotyping 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 12,067.9 million by 2030.
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Genotyping Market Scope
Genotyping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America genotyping 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 genotyping market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 61.16% in 2023. Horizon Databook has segmented the Latin America genotyping market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of neurological disorders, different types of cancer, such as cervical cancer, breast cancer & other chronic diseases, and growing demand for highly advanced genotyping instruments are among factors expected to boost Latin America genotyping market.
Moreover, rise in the number of privatepublic partnerships to promote research on personalized medicines is expected to drive regional growth. Furthermore, technological developments are expected to contribute to market growth.
In addition, increase in government spending, presence of skilled healthcare professionals, rise in focus of multinational pharmaceutical companies on development of advanced & novel products, and increase in patient awareness are likely to drive market growth in Latin America.
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Target buyers of Latin America genotyping market databook
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Our clientele includes a mix of genotyping 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 genotyping market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America genotyping market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America genotyping market size, by country, 2018-2030 (US$M)
Latin America Genotyping Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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