Latin America Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Latin America nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Latin America nuclear magnetic resonance spectroscopy market highlights
- The Latin America nuclear magnetic resonance spectroscopy market generated a revenue of USD 29.3 million in 2023.
- The market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 29.3 million |
| Market revenue in 2030 | USD 40.6 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
| Key market players worldwide | Jeol Ltd, Thermo Fisher Scientific Inc, Bruker Corp, Oxford Instruments PLC, Nanalysis Scientific Corp Ordinary Shares, Absci Corp, QuinStreet Inc, Magritek Ltd, Magnetic Resonance Innovations |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Globally, Europe 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 258.7 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Research & manufacturing was the largest segment with a revenue share of 45.05% in 2023. Horizon Databook has segmented the Latin America nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements, increasing government expenditure on R&D, the presence of skilled healthcare professionals, and the rising focus of multinational pharmaceutical companies on analytical instruments are some of the major factors expected to drive market growth in Latin America during the forecast period.
In addition, the government provides research grants and funding opportunities to universities, research institutions, and companies working in spectroscopy, such as NMR spectroscopy. These grants support research projects, technological developments, and innovation in various industries.
For instance, through agencies like the National Council for Scientific and Technological Development (CNPq) and the Coordination for the Improvement of Higher Education Personnel (CAPES), the Government of Brazil provides research grants and funding opportunities for projects related to spectroscopy and analytical techniques.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America nuclear magnetic resonance spectroscopy market size, by country, 2018-2030 (US$M)
Latin America Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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