Mexico Lateral Flow Assays Market Size & Outlook
Mexico lateral flow assays market, 2018-2030 (US$M)
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Mexico lateral flow assays market highlights
- The Mexico lateral flow assays market generated a revenue of USD 203.0 million in 2023 and is expected to reach USD 302.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 203.0 million |
| Market revenue in 2030 | USD 302.0 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global lateral flow assays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil lateral flow assays market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 302.0 million by 2030.
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Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico lateral flow assays 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 lateral flow assays market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 68.08% in 2023. Horizon Databook has segmented the Mexico lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in Strategic initiatives undertaken by major market players is anticipated to propel market growth during the forecast period. For instance, in August 2021, the National Institute of Genomic Medicine of Mexico Government and Sorrento Mexico signed a Memorandum of Understanding for accelerating the development of COVID-19 diagnostics and therapeutics.
In addition, various untapped opportunities in Mexico could make the process faster and feasible. For instance, most of the Mexican states already have government-funded screening programs.
Several other countries have already implemented HPV testing and these testing kits can be purchased at affordable prices due to a regional pooled procurement mechanism. HPV diagnosis has been approved for primary screening in Argentina, Columbia, and Mexico.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into Mexico lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico lateral flow assays market size, by product, 2018-2030 (US$M)
Mexico Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
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