Latin America Upstream Bioprocessing Market Size & Outlook
Latin America upstream bioprocessing market, 2018-2030 (US$M)
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Latin America upstream bioprocessing market highlights
- The Latin America upstream bioprocessing market generated a revenue of USD 1,051.1 million in 2023.
- The market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, bioreactors/fermenters was the largest revenue generating product in 2023.
- Cell Culture Products is the most lucrative product 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 1,051.1 million |
| Market revenue in 2030 | USD 2,607.9 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Bioreactors/fermenters |
| Fastest growing segment | Cell Culture Products |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioreactors/Fermenters, Cell Culture Products, Filters, Bioreactors Accessories, Bags & Containers |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Corning Inc, Sartorius AG, Eppendorf, Danaher Corp, Boehringer Ingelheim, Getinge AB Class B, Lonza Group Ltd, Avantor Inc, Repligen Corp, Entegris Inc, PBS Biotech, Meissner, Kuhner Shaker |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global upstream bioprocessing 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 18,040.5 million by 2030.
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Upstream Bioprocessing Market Scope
Upstream Bioprocessing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America upstream bioprocessing 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 upstream bioprocessing market will help companies and investors design strategic landscapes.
Bioreactors/fermenters was the largest segment with a revenue share of 31.21% in 2023. Horizon Databook has segmented the Latin America upstream bioprocessing market based on bioreactors/fermenters, cell culture products, filters, bioreactors accessories, bags & containers covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America's upstream bioprocessing market is expected to be driven by the expansion of biopharmaceutical industry. Patent expirations provide numerous opportunities for development and commercialization of biosimilar products in this region. Latin American nations are exhibiting continuous progress in the establishment and development of clear regulations for biosimilars & other biopharmaceutical products.
Brazil and Mexico have established regulations based on local requirements & international standards. Chile, Panama, Argentina, Costa Rica, Guatemala, and Peru follow guidelines laid down by WHO and EMA.
As a result, some biopharmaceutical companies have commercialized around 170 biopharmaceuticals and biosimilars of etanercept and rituximab in this region. This is anticipated to boost bioprocessing procedures, thus increasing the region’s revenue generation over the forecast period.
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Our clientele includes a mix of upstream bioprocessing 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 upstream bioprocessing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America upstream bioprocessing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America upstream bioprocessing market size, by country, 2018-2030 (US$M)
Latin America Upstream Bioprocessing Market Outlook Share, 2023 & 2030 (US$M)
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