Brazil Laboratory Equipment Market Size & Outlook, 2023-2030
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Brazil laboratory equipment market highlights
- The Brazil laboratory equipment market generated a revenue of USD 542.7 million in 2023 and is expected to reach USD 808.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Support is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 542.7 million |
| Market revenue in 2030 | USD 808.0 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Support |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.8% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil laboratory equipment market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 292.3 million by 2030.
General was the largest segment with a revenue share of 27.73% in 2023. Horizon Databook has segmented the Brazil laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has a developing economy, with an increasing focus on strengthening research activities. With its healthcare expenditure being 9.1% of its GDP, Brazil stands as the biggest healthcare market in Latin America. Brazil also has 42 national-level research labs to carry out various advancements in the field of medicine and technology.
To combat the pandemic, Brazilian public laboratories have collaborated with international institutions in the development and testing of vaccines & drugs. Universities have played a crucial role in R&D efforts, contributing to the creation of diagnostic kits, therapeutic drugs, and vaccines to address the challenges posed by COVID-19. A high incidence of these diseases is estimated to boost the demand for diagnostics, analytical testing, and related lab equipment in this country.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Sartorius AG | View profile | 14338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | https://www.sartorius.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
Brazil laboratory equipment market size, by product, 2018-2030 (US$M)
Brazil Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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