Latin America Laboratory Supplies Market Size & Outlook
Latin America laboratory supplies market, 2018-2030 (US$M)
Related Markets
Latin America laboratory supplies market highlights
- The Latin America laboratory supplies market generated a revenue of USD 1,787.9 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,787.9 million |
| Market revenue in 2030 | USD 2,636.7 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global laboratory supplies market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 27,375.6 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America laboratory supplies 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 laboratory supplies market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 62.96% in 2023. Horizon Databook has segmented the Latin America laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as growing number of international players, high disease burden, significant number of research institutions, and clinical advancements, as well as growth in factors such as government spending, per capita healthcare spending, & initiatives undertaken by WHO and other organizations, is expected to boost the market in Latin America. However, is likely to restrain market growth.
However, several challenges faced by Latin American countries are anticipated to limit market growth. For instance, Brazil has some of the region's most prominent healthcare institutions, but a majority of its public healthcare system suffers from poor planning and understaffing.
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Target buyers of Latin America laboratory supplies market databook
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Our clientele includes a mix of laboratory supplies market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America laboratory supplies market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America laboratory supplies market size, by country, 2018-2030 (US$M)
Latin America Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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