Latin America Microfluidics Market Size & Outlook
Latin America microfluidics market, 2018-2030 (US$M)
Related Markets
Latin America microfluidics market highlights
- The Latin America microfluidics market generated a revenue of USD 1,393.3 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, medical was the largest revenue generating technology in 2023.
- Medical is the most lucrative technology 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 1,393.3 million |
| Market revenue in 2030 | USD 3,147.9 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Non-Medical |
| Key market players worldwide | Illumina Inc, Roche Holding AG ADR, PerkinElmer, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Abbott Laboratories, Thermo Fisher Scientific Inc, Standard BioTools Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global microfluidics 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 18,147.5 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America microfluidics 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 microfluidics market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 84.12% in 2023. Horizon Databook has segmented the Latin America microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American microfluidics market is expected to offer lucrative opportunities for market expansion in the coming years. The first microfluidics lab was set in Chile as early as 2011, and developments regarding microfluidics have witnessed an increase since then. Science for Life Foundation supports such activities by offering suitable spaces for laboratory setups. In 2018, the VIII Workshop in Microfluidics was held in Brazil. The event was organized in conjunction with the I Brazil Argentina Microfluidics Congress, a program of the Argentinian and Brazilian scientific community.
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Our clientele includes a mix of microfluidics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America microfluidics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America microfluidics market size, by country, 2018-2030 (US$M)
Latin America Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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