Latin America Single Use Assemblies Market Size & Outlook
Latin America single use assemblies market, 2018-2030 (US$M)
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Latin America single use assemblies market highlights
- The Latin America single use assemblies market generated a revenue of USD 652.2 million in 2023.
- The market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, filtration was the largest revenue generating application in 2023.
- Filtration is the most lucrative application 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 652.2 million |
| Market revenue in 2030 | USD 2,174.6 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Filtration |
| Fastest growing segment | Filtration |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Filtration, Cell Culture & Mixing, Storage, Sampling, Fill-finish Applications, Other Applications |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Sartorius AG, Danaher Corp, Avantor Inc, Lonza Group Ltd, Compagnie de Saint-Gobain SA, Corning Inc, Entegris Inc, Kuhner Shaker |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global single use assemblies 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 11,757.3 million by 2030.
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Single Use Assemblies Market Scope
Single Use Assemblies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America single use assemblies 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 single use assemblies market will help companies and investors design strategic landscapes.
Filtration was the largest segment with a revenue share of 27.8% in 2023. Horizon Databook has segmented the Latin America single use assemblies market based on filtration, cell culture & mixing, storage, sampling, fill-finish applications, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The improving GDP and increasing developments by major market players in Latin America (LATAM) are anticipated to boost regional market growth. Increasing usage of single-use technology by contract service providers is expected to play a key role in reshaping the single-use assemblies landscape in Latin America.
Furthermore, presence of international companies, such as Catalent, Inc., in LATAM countries, which have incorporated disposables in their plants, is expected to boost regional growth in the coming years. Moreover, global firms such as Sartorius, Danaher, Thermo Fisher Scientific, and Merck KGaA are engaged in the development and distribution of disposables in LATAM.
These factors are likely to boost revenue growth during the forecast period. However, the lack of government support is one of the major challenges in this region, which may restrain market growth to a certain extent.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America single use assemblies market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America single use assemblies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America single use assemblies market size, by country, 2018-2030 (US$M)
Latin America Single Use Assemblies Market Outlook Share, 2023 & 2030 (US$M)
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