Mexico Synthetic Biology Market Size & Outlook, 2023-2030
Mexico synthetic biology market, 2018-2030 (US$M)
Related Markets
Mexico synthetic biology market highlights
- The Mexico synthetic biology market generated a revenue of USD 110.8 million in 2023 and is expected to reach USD 393.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 19.8% 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.
Synthetic biology market data book summary
| Market revenue in 2023 | USD 110.8 million |
| Market revenue in 2030 | USD 393.2 million |
| Growth rate | 19.8% (CAGR from 2023 to 2030) |
| Largest segment | Pcr technology |
| Fastest growing segment | NGS Technology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 0.8% of the global synthetic biology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil synthetic biology market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 823.7 million by 2030.
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Synthetic Biology Market Scope
Synthetic Biology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 27.35% in 2023. Horizon Databook has segmented the Mexico 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.
The National Synthetic Biology Network is continuously working for scientific development by promoting dissemination through congresses, forums, workshops, symposia, etc. Moreover, it encourages entrepreneurship of students and researchers for development of biotech clusters and new biotech startups in the country.
For instance, BioLex.Corp biotechnology startup develops the tools generated mainly in system biology and synthetic biology to provide a practical, innovative, &profitable solution for various fields of biotechnology.
Currently, the country has six industrial biodiesel generation plants established in the states of Michoacan, Chiapas, and Nuevo León, which were produced from castor oil, palm oil, WVO, &animal tallow and convert this oil into first or second biodiesel generation.
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Our clientele includes a mix of synthetic biology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico synthetic biology market , including forecasts for subscribers. This country databook contains high-level insights into Mexico synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico synthetic biology market size, by technology, 2018-2030 (US$M)
Mexico Synthetic Biology Market Outlook Share, 2023 & 2030 (US$M)
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