Latin America Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook
Latin America molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)
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Latin America molecular biology enzymes, reagents and kits market highlights
- The Latin America molecular biology enzymes, reagents and kits market generated a revenue of USD 834.7 million in 2022.
- The market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2022.
- Enzymes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 834.7 million |
| Market revenue in 2030 | USD 1,433.1 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Enzymes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Enzymes |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Agilent Technologies Inc, Qiagen NV, New England Biolabs, Merck KGaA, Roche Holding AG ADR, Bio-Rad Laboratories Inc, Takara Bio Inc, LGC Group, Bausch Health Companies Inc, Promega |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global molecular biology enzymes, reagents and kits market in 2022.
- 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 11,934.9 million by 2030.
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Molecular Biology Enzymes, Reagents And Kits Market Scope
Molecular Biology Enzymes, Reagents And Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America molecular biology enzymes, reagents and kits 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 molecular biology enzymes, reagents and kits market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 67.29% in 2022. Horizon Databook has segmented the Latin America molecular biology enzymes, reagents and kits market based on kits & reagents, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America region has witnessed less market penetration for molecular biology enzymes, kits, and reagents in the past years. However, growing pharmaceutical and biotechnology industries in Latin American countries are expected to increase the adoption of these products in the region.
Furthermore, the International Union of Biochemistry and Molecular biology (PROLAB) offers research opportunities for biochemists in Latin American region. This is aimed to provide support to carryout experiments with special techniques.
In addition, Latin American Society for Developmental Biology is another organization that promotes and organizes various events and conferences. Such organizations are expected to positively impact on adoption of molecular biology enzymes, kits, and reagents, further increasing the market penetration in the region.
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Our clientele includes a mix of molecular biology enzymes, reagents and kits 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 molecular biology enzymes, reagents and kits market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America molecular biology enzymes, reagents and kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America molecular biology enzymes, reagents and kits market size, by country, 2018-2030 (US$M)
Latin America Molecular Biology Enzymes, Reagents And Kits Market Outlook Share, 2022 & 2030 (US$M)
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