Latin America Mirna Sequencing And Assay Market Size & Outlook
Latin America mirna sequencing and assay market, 2018-2030 (US$M)
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Latin America mirna sequencing and assay market highlights
- The Latin America mirna sequencing and assay market generated a revenue of USD 15.1 million in 2023.
- The market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 15.1 million |
| Market revenue in 2030 | USD 33.6 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Qiagen NV, Abcam PLC, Takara Bio Inc, Revvity Inc, Maravai LifeSciences Holdings Inc Ordinary Shares - Class A, HTG Molecular Diagnostics Inc, Meridian Bioscience, New England Biolabs, Norgen Biotek, System Biosciences, Amoy Diagnostics, EntroGen |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global mirna sequencing and assay 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 227.1 million by 2030.
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MiRNA Sequencing And Assay Market Scope
MiRNA Sequencing And Assay Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America mirna sequencing and assay 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 mirna sequencing and assay market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 80.79% in 2023. Horizon Databook has segmented the Latin America mirna sequencing and assay market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Technological developments are expected to contribute to market growth. Increasing government expenditure on R&D, presence of skilled healthcare professionals, and rising focus of multinational pharmaceutical companies on miRNA sequencing products & services are expected to drive the market growth over the forecast period.
In addition, increasing investment initiatives by various local and foreign organizations in the Latin American region will aid growth. For instance, the Latin American Venture Capital Association is a notfor-profit membership organization involved in supporting growth of private capital in Latin America and the Caribbean.
Moreover, Latin America Investment Facility (LAIF) is a European Union's facility to mobilize funds for developing projects by combining EU grants with financial resources from European as well as regional financial institutions, the private sector, & the governments.
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Our clientele includes a mix of mirna sequencing and assay 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 mirna sequencing and assay market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mirna sequencing and assay market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mirna sequencing and assay market size, by country, 2018-2030 (US$M)
Latin America MiRNA Sequencing And Assay Market Outlook Share, 2023 & 2030 (US$M)
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