Latin America Mycoplasma Testing Market Size & Outlook
Latin America mycoplasma testing market, 2018-2030 (US$M)
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Latin America mycoplasma testing market highlights
- The Latin America mycoplasma testing market generated a revenue of USD 62.5 million in 2023.
- The market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Services is the most lucrative product 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 62.5 million |
| Market revenue in 2030 | USD 132.6 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| 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 | Instruments, Kits & Reagents, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Lonza Group Ltd, Merck KGaA, Charles River Laboratories International Inc, Asahi Kasei Corp, Sartorius AG, Eurofins Scientific SE, PromoCell GmbH, ATCC, InvivoGen |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.6% of the global mycoplasma testing 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 528.5 million by 2030.
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Mycoplasma Testing Market Scope
Mycoplasma Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America mycoplasma testing 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 mycoplasma testing market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 56.16% in 2023. Horizon Databook has segmented the Latin America mycoplasma testing market based on instruments, kits & reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Latin America, the demand for mycoplasma testing is on the rise, driven by the region's expanding biopharmaceutical and biotechnology sectors. Countries like Brazil and Argentina are increasing investments in biomedical research & production, necessitating stringent quality control measures.
The adoption of biosimilars and biologics is growing, requiring reliable mycoplasma testing to ensure product safety and efficacy. In addition, regional regulatory bodies are implementing stricter guidelines, further driving the need for advanced testing technologies.
The collaboration between local and international companies also promotes higher standards, making mycoplasma testing a crucial component in maintaining the quality of biomedical products.
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Target buyers of Latin America mycoplasma testing market databook
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Our clientele includes a mix of mycoplasma testing 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 continent-level data and insights on the Latin America mycoplasma testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mycoplasma testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mycoplasma testing market size, by country, 2018-2030 (US$M)
Latin America Mycoplasma Testing Market Outlook Share, 2023 & 2030 (US$M)
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