Mexico Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook
Mexico molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)
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Mexico molecular biology enzymes, reagents and kits market highlights
- The Mexico molecular biology enzymes, reagents and kits market generated a revenue of USD 132.0 million in 2022 and is expected to reach USD 233.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.4% 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.
Molecular biology enzymes, reagents and kits market data book summary
| Market revenue in 2022 | USD 132.0 million |
| Market revenue in 2030 | USD 233.2 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Enzymes |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 0.6% of the global molecular biology enzymes, reagents and kits market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil molecular biology enzymes, reagents and kits market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 281.0 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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Mexico 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 67.27% in 2022. Horizon Databook has segmented the Mexico molecular biology enzymes, reagents and kits market based on kits & reagents, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is witnessing significant growth in biotechnology applications to human healthcare. In addition, the Mexican pharmaceutical industry is also witnessing a growth trend owing to presence of key market players in the country. This growth trend has been favored by improvements in production practices, regulation, and certifications.
This growing biotechnology and pharmaceutical market in the country is anticipated to exhibit growth owing to increasing use of molecular biology products. Furthermore, initiatives related to genomics research are anticipated to further propel the market growth in the country. For instance, MX BioBank Project is funded by the UK Research Councils (RCUK), CONACYT Mexico, and the Newton Fund, which is aimed at building the largest biobank genetic resources in Latin America.
In addition, high-density genotyping and exome sequencing projects are also funded by Mexico’s CONACYT and International Centre for Genetic Engineering and Biotechnology (ICGEB). Moreover, large-scale human genome sequencing projects are ongoing in the country, which are also expected to drive the market in the country.
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Target buyers of Mexico molecular biology enzymes, reagents and kits market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico molecular biology enzymes, reagents and kits market , including forecasts for subscribers. This country databook contains high-level insights into Mexico molecular biology enzymes, reagents and kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico molecular biology enzymes, reagents and kits market size, by product, 2018-2030 (US$M)
Mexico Molecular Biology Enzymes, Reagents And Kits Market Outlook Share, 2022 & 2030 (US$M)
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