Latin America In-vitro Toxicology Assays For Cannabis And Nicotine Testing Market Size & Outlook
Latin America in-vitro toxicology assays market for cannabis and nicotine testing market, 2017-2028 (US$M)
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Latin America in-vitro toxicology assays market for cannabis and nicotine testing market highlights
- The Latin America in-vitro toxicology assays market for cannabis and nicotine testing market generated a revenue of USD 68.3 million in 2020.
- The market is expected to grow at a CAGR of 10.7% from 2021 to 2028.
- In terms of segment, nicotine testing was the largest revenue generating type in 2020.
- Cannabis Testing is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 68.3 million |
| Market revenue in 2028 | USD 153.6 million |
| Growth rate | 10.7% (CAGR from 2020 to 2028) |
| Largest segment | Nicotine testing |
| Fastest growing segment | Cannabis Testing |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cannabis Testing, Nicotine Testing |
| Key market players worldwide | Toxikon, Stemina Biomarker Discovery, Broughton, Labstat, Iontox, Integrated Software Solutions, Montrose, Pbr Laboratories |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global in-vitro toxicology assays market for cannabis and nicotine testing market in 2020.
- 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 637.6 million by 2028.
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In-vitro Toxicology Assays Market For Cannabis And Nicotine Testing Market Scope
In-vitro Toxicology Assays Market For Cannabis And Nicotine Testing Market Companies
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Latin America in-vitro toxicology assays market for cannabis and nicotine testing 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 in-vitro toxicology assays market for cannabis and nicotine testing market will help companies and investors design strategic landscapes.
Nicotine testing was the largest segment with a revenue share of 62.66% in 2020. Horizon Databook has segmented the Latin America in-vitro toxicology assays market for cannabis and nicotine testing market based on cannabis testing, nicotine testing covering the revenue growth of each sub-segment from 2017 to 2028.
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Our clientele includes a mix of in-vitro toxicology assays market for cannabis and nicotine testing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America in-vitro toxicology assays market for cannabis and nicotine testing market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America in-vitro toxicology assays market for cannabis and nicotine testing market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America in vitro toxicology assays cannabis nicotine testing market report size, by country, 2017-2028 (US$M)
Latin America In-vitro Toxicology Assays Market For Cannabis And Nicotine Testing Market Share, 2020 & 2028 (US$M)
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