Latin America Magnetic Beads Market Size & Outlook
Latin America magnetic beads market, 2017-2030 (US$M)
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Latin America magnetic beads market highlights
- The Latin America magnetic beads market generated a revenue of USD 61.5 million in 2021.
- The market is expected to grow at a CAGR of 13.9% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 61.5 million |
| Market revenue in 2030 | USD 198.4 million |
| Growth rate | 13.9% (CAGR from 2021 to 2030) |
| Largest segment | In-vitro diagnostics |
| Fastest growing segment | In-vitro Diagnostics |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 2.2% of the global magnetic beads market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 128.1 million by 2030.
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Magnetic Beads Market Scope
Magnetic Beads Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 61.46% in 2021. Horizon Databook has segmented the Latin America magnetic beads market based on bioresearch, in-vitro diagnostics, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
The Central & South America region is characterized by various developing countries such as Brazil, Chile, Argentina, Ecuador, and Colombia. Most Central & South American countries with large current account deficits, including Brazil, Colombia, Argentina, and Venezuela, are reeling from the volatility in the regional market brought about by the BREXIT crisis.
The fall in investor confidence is expected to prevent oil prices from recovering and this is anticipated to affect the overall exports and fiscal revenue in oil-producing economies such as Ecuador, Colombia, and Venezuela.
However, implementation of monetary policy Normalization efforts by the governments of various countries in the region to align domestic inflation is expected to save the regional market from complete deterioration.
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Target buyers of Latin America magnetic beads market databook
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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 continent-level data and insights on the Latin America magnetic beads market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America magnetic beads market size, by country, 2017-2030 (US$M)
Latin America Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
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