Latin America Pharmaceutical Sterility Testing Market Size & Outlook
Latin America pharmaceutical sterility testing market, 2018-2030 (US$M)
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Latin America pharmaceutical sterility testing market highlights
- The Latin America pharmaceutical sterility testing market generated a revenue of USD 54.2 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, outsourcing was the largest revenue generating type in 2023.
- Outsourcing is the most lucrative type 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 54.2 million |
| Market revenue in 2030 | USD 100.3 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Outsourcing |
| Fastest growing segment | Outsourcing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-House, Outsourcing |
| Key market players worldwide | Steris PLC, Sotera Health Co Ordinary Shares, Sartorius AG, Solvias, SGS AG, Labcorp Holdings Inc, Pace Analytical Services, Charles River Laboratories International Inc, Thermo Fisher Scientific Inc, Rapid Micro Biosystems Inc Class A, Almac Group, Pacific BioLabs, Inc., Boston Analytical, Labor LS |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global pharmaceutical sterility 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 761.5 million by 2030.
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Pharmaceutical Sterility Testing Market Scope
Pharmaceutical Sterility Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America pharmaceutical sterility 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 pharmaceutical sterility testing market will help companies and investors design strategic landscapes.
Outsourcing was the largest segment with a revenue share of 59.96% in 2023. Horizon Databook has segmented the Latin America pharmaceutical sterility testing market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing number of clinical trials is expected to drive the pharmaceutical sterility testing market growth in Latin America as biotechnology & pharmaceutical companies invest in clinical research. In addition, the growing number of clinical trials conducted by CROs focusing on the diversified population is expected to propel market growth.
Moreover, the study of this diverse population is expected to yield high-quality results for drug developers. Hence, the increasing number of pharmaceutical companies in the region and the rising efforts of healthcare organizations to prevent infectious diseases are expected to improve market growth.
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Target buyers of Latin America pharmaceutical sterility testing market databook
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Our clientele includes a mix of pharmaceutical sterility 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 pharmaceutical sterility testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmaceutical sterility testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pharmaceutical sterility testing market size, by country, 2018-2030 (US$M)
Latin America Pharmaceutical Sterility Testing Market Outlook Share, 2023 & 2030 (US$M)
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