Latin America Synthetic Biology Market Size & Outlook
Latin America synthetic biology market, 2018-2030 (US$M)
Related Markets
Latin America synthetic biology market highlights
- The Latin America synthetic biology market generated a revenue of USD 462.5 million in 2023.
- The market is expected to grow at a CAGR of 20.1% from 2024 to 2030.
- In terms of segment, pcr technology was the largest revenue generating technology in 2023.
- NGS Technology is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 462.5 million |
| Market revenue in 2030 | USD 1,667.1 million |
| Growth rate | 20.1% (CAGR from 2023 to 2030) |
| Largest segment | Pcr technology |
| Fastest growing segment | NGS Technology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | NGS Technology, PCR Technology, Genome Editing Technology, Bioprocessing Technology, Other Technologies |
| Key market players worldwide | Basf SE, Codexis Inc, Illumina Inc, Merck KGaA, New England Biolabs, Eurofins Scientific SE, Novozymes, DNAstar, Synthego, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.3% of the global synthetic biology 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 14,445.9 million by 2030.
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Synthetic Biology Market Scope
Synthetic Biology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America synthetic biology 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 synthetic biology market will help companies and investors design strategic landscapes.
Pcr technology was the largest segment with a revenue share of 27.39% in 2023. Horizon Databook has segmented the Latin America synthetic biology market based on ngs technology, pcr technology, genome editing technology, bioprocessing technology, other technologies covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is comparatively a smaller region when it comes to infrastructure and finance. Growing foreign investments due to availability of cheap labor are creating wide development scope for Latin America.
Moreover, advancing bioinformatics research in Latin America is fueling growth of the market in this region. For instance, in October 2020, Bioinformatics Network Mexico arranged a 2-day conference to provide an opportunity to Latin American scientists from different fields to communicate their ideas and scientific development about bioinformatics.
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Our clientele includes a mix of synthetic biology market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America synthetic biology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America synthetic biology market size, by country, 2018-2030 (US$M)
Latin America Synthetic Biology Market Outlook Share, 2023 & 2030 (US$M)
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