Latin America Single-use Filtration Assemblies Market Size & Outlook
Latin America single-use filtration assemblies market, 2018-2030 (US$M)
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Latin America single-use filtration assemblies market highlights
- The Latin America single-use filtration assemblies market generated a revenue of USD 159.3 million in 2022.
- The market is expected to grow at a CAGR of 18.8% from 2023 to 2030.
- In terms of segment, membrane filtration was the largest revenue generating type in 2022.
- Depth Filtration is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 159.3 million |
| Market revenue in 2030 | USD 632.9 million |
| Growth rate | 18.8% (CAGR from 2022 to 2030) |
| Largest segment | Membrane filtration |
| Fastest growing segment | Depth Filtration |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depth Filtration, Centrifugation, Membrane Filtration |
| Key market players worldwide | Sartorius AG, 3M Co, Danaher Corp, Repligen Corp, Merck Group, CELLAB, Medela, Thermo Fisher Scientific Inc, Meissner, DrM |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.3% of the global single-use filtration assemblies market in 2022.
- 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 3,477.7 million by 2030.
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Single-use Filtration Assemblies Market Scope
Single-use Filtration Assemblies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America single-use filtration 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 filtration assemblies market will help companies and investors design strategic landscapes.
Membrane filtration was the largest segment with a revenue share of 48.21% in 2022. Horizon Databook has segmented the Latin America single-use filtration assemblies market based on depth filtration, centrifugation, membrane filtration covering the revenue growth of each sub-segment from 2018 to 2030.
With improving GDP, this region is anticipated to emerge as one of the preferred locations for contract service providers. High use of single-use solutions among contract service providers is anticipated to play a key role in reshaping the single-use filtration landscape in this region.
Moreover, global firms such as Sartorius Stedim Biotech are engaged in serving this region by development and distribution of disposables in Latin American countries, which is expected to boost revenue generation throughout the forecast period. The state and national government bodies are engaged in improving R&D capabilities.
This is likely to accelerate usage of disposable filtration units across Latin America. This region offers lucrative opportunities for biomanufacturers in terms of potential customers and capabilities for early stage R&D. Private funding of research activities is low in this region, however, Brazilian public policy is promoting foreign direct investment and multinational collaborations.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America single-use filtration assemblies market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America single-use filtration assemblies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America single use filtration assemblies market size, by country, 2018-2030 (US$M)
Latin America Single-use Filtration Assemblies Market Outlook Share, 2022 & 2030 (US$M)
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