Latin America Large Molecule Drug Substance Cdmo Market Size & Outlook
Latin America large molecule drug substance cdmo market, 2018-2030 (US$M)
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Latin America large molecule drug substance cdmo market highlights
- The Latin America large molecule drug substance cdmo market generated a revenue of USD 201.1 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, contract manufacturing was the largest revenue generating service in 2023.
- Contract Development is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 201.1 million |
| Market revenue in 2030 | USD 367.4 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Contract manufacturing |
| Fastest growing segment | Contract Development |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Contract Manufacturing, Contract Development |
| Key market players worldwide | Eurofins Scientific SE, WuXi Biologics (Cayman) Inc, Catalent Inc, AGC Inc, Siegfried Holding AG, Boehringer Ingelheim, FUJIFILM Holdings Corp, Samsung BioLogics, Rentschler Biopharma SE, Recipharm |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.7% of the global large molecule drug substance cdmo market in 2023.
- Globally, Asia Pacific 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 8,499.7 million by 2030.
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Large Molecule Drug Substance CDMO Market Scope
Large Molecule Drug Substance CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America large molecule drug substance cdmo 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 large molecule drug substance cdmo market will help companies and investors design strategic landscapes.
Contract manufacturing was the largest segment with a revenue share of 67.03% in 2023. Horizon Databook has segmented the Latin America large molecule drug substance cdmo market based on contract manufacturing, contract development covering the revenue growth of each sub-segment from 2018 to 2030.
In Latin America, 80.0% of the population lives in metropolitan cities, and the three mega cities, Sao Paulo, Buenos Aires, and Mexico City, have large patient pools. Although the regulatory timelines in Latin America are a drawback, the time saved in patient recruitment compensates for it.
In addition to patient recruitment, retention is also very high due to good patient-physician relationship. Lower costs, highly qualified investigators & medical personnel, and study coordinators with GCP-compliant knowledge contributing to higher clinical trial success rate.
Latin America’s proximity to North America can help reduce supply chain concerns, boosting the market in the region. Presence of supportive regulatory frameworks and increase in foreign collaborations are anticipated to further drive the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America large molecule drug substance cdmo market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America large molecule drug substance cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America large molecule drug substance cdmo market size, by country, 2018-2030 (US$M)
Latin America Large Molecule Drug Substance CDMO Market Outlook Share, 2023 & 2030 (US$M)
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