Mexico Laboratory Supplies Market Size & Outlook
Mexico laboratory supplies market, 2018-2030 (US$M)
Related Markets
Mexico laboratory supplies market highlights
- The Mexico laboratory supplies market generated a revenue of USD 397.5 million in 2023 and is expected to reach USD 579.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.5% 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.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 397.5 million |
| Market revenue in 2030 | USD 579.7 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.0% of the global laboratory supplies 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 supplies 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 399.8 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 62.57% in 2023. Horizon Databook has segmented the Mexico laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
As of 19th July 2020, Mexico reported nearly 331,298 confirmed cases of COVID-19 and approximately 38,310 related deaths. The high prevalence of infectious diseases is anticipated to increase the demand for diagnostic & testing equipment and related lab supplies, thus, facilitating market growth.
As per the World Bank’s World Development Indicators, Mexico spent around 0.50% of its GDP on R&D in 2016. This was the highest expenditure by the country in the past 20 years, indicating growth in initiatives to encourage R&D in the country.
The country has six major CROs that offer clinical research & drug development services to biopharmaceutical companies. Mexico also has 26 major research institutes that focus on various fields of innovation & technology. Hence, this increasing R&D initiative in the country is anticipated to support market growth.
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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 country-level data and insights on the Mexico laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into Mexico laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico laboratory supplies market size, by product, 2018-2030 (US$M)
Mexico Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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