Brazil Magnetic Beads Market Size & Outlook, 2021-2030
Brazil magnetic beads market, 2017-2030 (US$M)
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Brazil magnetic beads market highlights
- The Brazil magnetic beads market generated a revenue of USD 50.5 million in 2021 and is expected to reach USD 161.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.8% from 2022 to 2030.
- In terms of segment, in-vitro diagnostics was the largest revenue generating application in 2021.
- In-vitro Diagnostics is the most lucrative application segment registering the fastest growth during the forecast period.
Magnetic beads market data book summary
| Market revenue in 2021 | USD 50.5 million |
| Market revenue in 2030 | USD 161.5 million |
| Growth rate | 13.8% (CAGR from 2021 to 2030) |
| Largest segment | In-vitro diagnostics |
| Fastest growing segment | In-vitro Diagnostics |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioresearch, In-vitro Diagnostics, Other Applications |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Genscript Biotech Corp Class H, CardioGenics Holdings Inc, Bio-Rad Laboratories Inc, Miltenyi Biotec, Ferrotec Holdings Corp, Eurofins Scientific SE, New England Biolabs |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.8% of the global magnetic beads market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil magnetic beads market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 161.5 million by 2030.
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Magnetic Beads Market Scope
Magnetic Beads Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil magnetic beads 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 magnetic beads market will help companies and investors design strategic landscapes.
In-vitro diagnostics was the largest segment with a revenue share of 61.78% in 2021. Horizon Databook has segmented the Brazil magnetic beads market based on bioresearch, in-vitro diagnostics, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
According to the IMF estimates, the GDP of Brazil is expected to grow at 3.7% in 2021, which contracted by 4.1% in 2020. Despite the recent economic downturn, the healthcare industry is anticipated to grow on account of the continued expansion of the country’s private healthcare sector coupled with adequate purchasing power with the public and private hospitals.
In addition, the growing elderly population coupled with the increasing burden of non-communicable chronic diseases is expected to drive the demand for healthcare services thereby creating upswings for the magnetic beads market.
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Our clientele includes a mix of magnetic beads 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 Brazil magnetic beads market , including forecasts for subscribers. This country databook contains high-level insights into Brazil magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil magnetic beads market size, by application, 2017-2030 (US$M)
Brazil Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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