Latin America Single-use Bioprocessing Probes And Sensors Market Size & Outlook
Latin America single-use bioprocessing probes and sensors market, 2018-2030 (US$M)
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Latin America single-use bioprocessing probes and sensors market highlights
- The Latin America single-use bioprocessing probes and sensors market generated a revenue of USD 250.7 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, ph sensor was the largest revenue generating type in 2023.
- PH Sensor is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 250.7 million |
| Market revenue in 2030 | USD 576.2 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Ph sensor |
| Fastest growing segment | PH Sensor |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PH Sensor, Oxygen Sensors, Pressure Sensors, Temperature Sensors, Conductivity Sensors, Flow Meter & Sensors, Other Sensors |
| Key market players worldwide | Thermo Fisher Scientific Inc, Sartorius AG, Danaher Corp, Alphabet Inc Class C, Booz Allen Hamilton Holding Corp Class A, Compagnie de Saint-Gobain SA, Parker Hannifin Corp, Dover Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.2% of the global single-use bioprocessing probes and sensors 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 1,297.7 million by 2030.
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Single-use Bioprocessing Probes And Sensors Market Scope
Single-use Bioprocessing Probes And Sensors Market Companies
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Latin America single-use bioprocessing probes and sensors 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 bioprocessing probes and sensors market will help companies and investors design strategic landscapes.
Ph sensor was the largest segment with a revenue share of 20.26% in 2023. Horizon Databook has segmented the Latin America single-use bioprocessing probes and sensors market based on ph sensor, oxygen sensors, pressure sensors, temperature sensors, conductivity sensors, flow meter & sensors, other sensors 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 are anticipated to boost regional market growth. Increasing usage of single-use technology among contract service providers is expected to play a key role in reshaping the single-use bioprocessing landscape in Latin America (LATAM).
Furthermore, the presence of international companies, such as Catalent, Inc., in LATAM countries that have incorporated disposables in their plants is expected to bolster 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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Our clientele includes a mix of single-use bioprocessing probes and sensors 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 single-use bioprocessing probes and sensors market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America single-use bioprocessing probes and sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America single-use bioprocessing probes and sensors market size, by country, 2018-2030 (US$M)
Latin America Single-use Bioprocessing Probes And Sensors Market Outlook Share, 2023 & 2030 (US$M)
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