Mexico Research-grade Proteins Market Size & Outlook
Mexico research-grade proteins market, 2018-2030 (US$M)
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Mexico research-grade proteins market highlights
- The Mexico research-grade proteins market generated a revenue of USD 9.0 million in 2023 and is expected to reach USD 25.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 15.8% 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.
Research-grade proteins market data book summary
| Market revenue in 2023 | USD 9.0 million |
| Market revenue in 2030 | USD 25.1 million |
| Growth rate | 15.8% (CAGR from 2023 to 2030) |
| Largest segment | Cytokines & growth factors |
| Fastest growing segment | Cytokines & Growth Factors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 0.9% of the global research-grade proteins market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil research-grade proteins market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 17.3 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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Mexico 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 25.56% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is witnessing a significant growth, propelled by advancements in biotechnology and the growing focus on personalized medicine. In December 2022, the Newton Fund, a UK initiative, supported Mexican scientists in developing vaccines targeting chikungunya, zika, and dengue.
In May 2023, the Mexican government announced that the Patria COVID-19 vaccine was prepared for use as a booster after the final testing. For 2 years, the development process of Patria COVID-19 vaccine was under process, which was finally approved by the government.
Furthermore, improved treatment would result in greater patient satisfaction. Thus, these factors are projected to impel the market for research-grade proteins in Mexico over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico research-grade proteins market , including forecasts for subscribers. This country databook contains high-level insights into Mexico research-grade proteins market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico research-grade proteins market size, by product, 2018-2030 (US$M)
Mexico Research-grade Proteins Market Outlook Share, 2023 & 2030 (US$M)
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