Latin America Research-grade Proteins Market Size & Outlook
Latin America research-grade proteins market, 2018-2030 (US$M)
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Latin America research-grade proteins market highlights
- The Latin America research-grade proteins market generated a revenue of USD 41.3 million in 2023.
- The market is expected to grow at a CAGR of 15.7% from 2024 to 2030.
- In terms of segment, cytokines & growth factors was the largest revenue generating product in 2023.
- Cytokines & Growth Factors is the most lucrative product 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 41.3 million |
| Market revenue in 2030 | USD 114.6 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Cytokines & growth factors |
| Fastest growing segment | Cytokines & Growth Factors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cytokines & Growth Factors, Antibodies, Immune checkpoint proteins, Virus Antigens, Enzymes, Recombinant Regulatory Protein, Hormones |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Bio-Techne Corp, Sino Biological, Miltenyi Biotec, Proteintech Group, Prospec, New England Biolabs |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.2% of the global research-grade proteins 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 684.5 million by 2030.
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Research-grade Proteins Market Scope
Research-grade Proteins Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America research-grade proteins 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 research-grade proteins market will help companies and investors design strategic landscapes.
Cytokines & growth factors was the largest segment with a revenue share of 25.67% in 2023. Horizon Databook has segmented the Latin America research-grade proteins market based on cytokines & growth factors, antibodies, immune checkpoint proteins, virus antigens, enzymes, recombinant regulatory protein, hormones covering the revenue growth of each sub-segment from 2018 to 2030.
Development in Latin America is constrained by both economic instability and political upheaval. The region grapples with a significant burden of infectious diseases like Chagas disease, yet government investment in advanced healthcare remains inadequate.
Despite these challenges, Latin America has witnessed notable advancements in recent decades. The economic growth in countries such as Brazil, Argentina, Chile, and Mexico has played a vital role in driving progress.
Furthermore, collaborations between Latin American and international research institutions have enhanced their capacities in producing research-grade proteins. These collaborations have bolstered the regional research-grade proteins market size.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America research-grade proteins market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America research-grade proteins market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America research-grade proteins market size, by country, 2018-2030 (US$M)
Latin America Research-grade Proteins Market Outlook Share, 2023 & 2030 (US$M)
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