Latin America Mass Spectrometry Market Size & Outlook
The mass spectrometry market in Latin America is expected to reach a projected revenue of US$ 448.1 million by 2030. A compound annual growth rate of 6.9% is expected of Latin America mass spectrometry market from 2024 to 2030.
Revenue, 2023 (US$M)
$280.1
Forecast, 2030 (US$M)
$448.1
CAGR, 2024 - 2030
6.9%
Report Coverage
Latin America
Latin America mass spectrometry market, 2018-2030 (US$M)
Related Markets
Latin America mass spectrometry market highlights
- The Latin America mass spectrometry market generated a revenue of USD 280.1 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 280.1 million |
| Market revenue in 2030 | USD 448.1 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Danaher Corp, Waters Corp, Bruker Corp, Shimadzu Corp, PerkinElmer, Rigaku, Lincoln Electric Holdings Inc, Jeol Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global mass spectrometry market in 2023.
- Globally, North America 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 2,372.8 million by 2030.
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Mass Spectrometry Market Scope
Mass spectrometry market segmentation & scope
Mass Spectrometry Market Companies
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Latin America mass spectrometry market size, by country, 2018-2030 (US$M)
Latin America Mass Spectrometry Market Outlook Share, 2023 & 2030 (US$M)
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