Latin America Virus Filtration Market Size & Outlook
Latin America virus filtration market, 2018-2030 (US$M)
Latin America virus filtration market highlights
- The Latin America virus filtration market generated a revenue of USD 211.5 million in 2023.
- The market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, air purification was the largest revenue generating application in 2023.
- Air purification is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 211.5 million |
| Market revenue in 2030 | USD 426.8 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Air purification |
| Fastest growing segment | Air purification |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air purification |
| Key market players worldwide | Merck KGaA, Danaher Corp, Sartorius AG, Thermo Fisher Scientific Inc, GE HealthCare Technologies Inc Common Stock, Charles River Laboratories International Inc, Asahi Kasei Corp, Wuxi AppTec Co Ltd, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global virus filtration 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 2,537.8 million by 2030.
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Virus Filtration Market Scope
Virus Filtration Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America virus filtration 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 virus filtration market will help companies and investors design strategic landscapes.
Air purification was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America virus filtration market based on air purification covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American market consists of key countries such as Brazil and Mexico. Rapidly developing economies and healthcare infrastructure in this region is the major factor expected to propel the overall Latin American virus filtration market during the forecast period.
The Latin American virus filtration market is expected to exhibit 12.9% growth during the forecast period. The Brazil virus filtration market is projected to grow at a lucrative rate during the forecast period, owing to increasing life sciences-related research activities.
For instance, in May 2013, São Paulo Research Foundation announced a long-term investment of USD 680 million for 17 academic centers known as Research, Innovation and Dissemination Centers (RIDCs). This investment was intended for various fields of research, including neurotechnology, stem cell, biomedicine, and molecular physics.
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Our clientele includes a mix of virus filtration 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America virus filtration market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America virus filtration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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