Latin America Polymerase Chain Reaction Market Size & Outlook
Latin America polymerase chain reaction market, 2018-2030 (US$M)
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Latin America polymerase chain reaction market highlights
- The Latin America polymerase chain reaction market generated a revenue of USD 1,261.1 million in 2023.
- The market is expected to grow at a CAGR of -8.1% from 2024 to 2030.
- In terms of segment, conventional pcr was the largest revenue generating type in 2023.
- Conventional PCR 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 1,261.1 million |
| Market revenue in 2030 | USD 696.2 million |
| Growth rate | -8.1% (CAGR from 2023 to 2030) |
| Largest segment | Conventional pcr |
| Fastest growing segment | Conventional PCR |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional PCR |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Qiagen NV, Roche Holding AG ADR, Standard BioTools Inc, Stilla, Microsynth |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.1% of the global polymerase chain reaction market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 564.1 million by 2030.
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Polymerase Chain Reaction Market Scope
Polymerase Chain Reaction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America polymerase chain reaction 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 polymerase chain reaction market will help companies and investors design strategic landscapes.
Conventional pcr was the largest segment with a revenue share of 4.81% in 2023. Horizon Databook has segmented the Latin America polymerase chain reaction market based on conventional pcr covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements in the healthcare industry is the primary factor expected to boost market expansion in Latin America. Increase in government spending, presence of skilled healthcare professionals, presence of well-established multinational pharmaceutical companies, and rise in patient awareness are factors expected to drive the market over the forecast period.
In Latin America, cancer is the second leading cause of death. Hence, the need for developments in the PCR arena is expected to surge. Currently, 118 research groups in Latin America are working on cancer genomics projects. Despite recent advancements in cancer genomics and its applications, the region lacks research projects on developing combined genomics.
Furthermore, various organizations and laboratories are collaborating in the region and are focusing on developing the detection of viral infections has increased. For instance, in June 2022, Experts from seven Latin American countries focused on developing detection kits for Monkeypox, such as those by the Oswaldo Cruz Foundation, the Brazilian Ministry of Health, and the Pan American Health Organization.
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Our clientele includes a mix of polymerase chain reaction market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America polymerase chain reaction market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polymerase chain reaction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polymerase chain reaction market size, by country, 2018-2030 (US$M)
Latin America Polymerase Chain Reaction Market Outlook Share, 2023 & 2030 (US$M)
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