Argentina Preclinical Cro Market Size & Outlook, 2023-2030
Argentina preclinical cro market, 2018-2030 (US$M)
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Argentina preclinical cro market highlights
- The Argentina preclinical cro market generated a revenue of USD 45.8 million in 2023 and is expected to reach USD 71.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, toxicology testing was the largest revenue generating service in 2023.
- Bioanalysis and DMPK studies is the most lucrative service segment registering the fastest growth during the forecast period.
Preclinical cro market data book summary
| Market revenue in 2023 | USD 45.8 million |
| Market revenue in 2030 | USD 71.3 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Toxicology testing |
| Fastest growing segment | Bioanalysis and DMPK studies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioanalysis and DMPK studies, Toxicology Testing, Compound Management, Chemistry, Safety Pharmacology |
| Key market players worldwide | Eurofins Scientific SE, Icon PLC, Wuxi AppTec Co Ltd, Medpace Holdings Inc, Charles River Laboratories International Inc, Thermo Fisher Scientific Inc, Intertek Group PLC, Labcorp Holdings Inc, Crown Bioscience, SGA |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global preclinical cro market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil preclinical cro 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 136.5 million by 2030.
Toxicology testing was the largest segment with a revenue share of 22.49% in 2023. Horizon Databook has segmented the Argentina preclinical cro market based on bioanalysis and dmpk studies, toxicology testing, compound management, chemistry, safety pharmacology covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is considered as one of the most advanced countries in terms of regulatory legislation in Latin America. It is considered to be a lucrative market for CROs owing to its favorable regulatory guidelines, high population, cost compliance, and well-established clinical infrastructure.
The country has aligned its clinical research regulations with international standards & requirements, permitting laboratories to conduct preclinical trials on behalf of major pharmaceutical companies from developed countries.
Consequently, biotechnology and pharmaceutical companies may opt to outsource their preclinical trials to Argentina, capitalizing on the benefits of cost, time, & expertise, as well as increasing compliance with international standards such as the GCP & GLP.
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Preclinical CRO Market Scope
Preclinical CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina preclinical cro market size, by service, 2018-2030 (US$M)
Argentina Preclinical CRO Market Outlook Share, 2023 & 2030 (US$M)
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