Latin America Protein Engineering Market Size & Outlook
Latin America protein engineering market, 2016-2027 (US$M)
Related Markets
Latin America protein engineering market highlights
- The Latin America protein engineering market generated a revenue of USD 118.0 million in 2020.
- The market is expected to grow at a CAGR of 16% from 2021 to 2027.
- In terms of segment, rational protein design was the largest revenue generating technology in 2020.
- Hybrid Approach is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 118.0 million |
| Market revenue in 2027 | USD 333.7 million |
| Growth rate | 16% (CAGR from 2020 to 2027) |
| Largest segment | Rational protein design |
| Fastest growing segment | Hybrid Approach |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rational Protein Design, Directed Evolution, Hybrid Approach |
| Key market players worldwide | Agilent Technologies, Bruker Corp, Thermo Fisher Scientific Inc, PerkinElmer, Waters Corp, Bio-Rad Laboratories Inc, Merck KGaA, Danaher Corp, Genscript Biotech Corp Class H, Amgen Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.0% of the global protein engineering market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 799.6 million by 2027.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America protein engineering 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 protein engineering market will help companies and investors design strategic landscapes.
Rational protein design was the largest segment with a revenue share of 39.49% in 2020. Horizon Databook has segmented the Latin America protein engineering market based on rational protein design, directed evolution, hybrid approach covering the revenue growth of each sub-segment from 2016 to 2027.
Presence of untapped opportunities in emerging countries, such as Brazil and Mexico, is expected to propel the growth of protein engineering market during the forecast period. The demand for protein engineering is increasing in this region owing to rising healthcare awareness and growing adoption of innovative technology.
The region’s emerging healthcare industry is expected to lead to increased sales of protein engineering products in the next few years. These countries have made remarkable efforts to strengthen their healthcare systems, which is likely to create future opportunities for integrators, manufacturers, and distributors, thereby boosting market growth during the forecast period.
Furthermore, rapid technological advancements are expected to contribute to market expansion. Increasing government spending and rising number of research activities are expected to drive the market growth over the forecast period.
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Our clientele includes a mix of protein engineering market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America protein engineering market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America protein engineering market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America protein engineering market size, by country, 2016-2027 (US$M)
Latin America Protein Engineering Market Outlook Share, 2020 & 2027 (US$M)
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