Mexico - Latin America Biotechnology Market Size & Outlook
Mexico - Latin America Biotechnology Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico biotechnology market highlights
- The Mexico biotechnology market generated a revenue of USD 7,649.0 million in 2023 and is expected to reach USD 14,806.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
Biotechnology market data book summary
| Market revenue in 2023 | USD 7,649.0 million |
| Market revenue in 2030 | USD 14,806.5 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.5% of the global biotechnology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biotechnology 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 69,140.3 million by 2030.
Owing to distinctive competitive advantages, Mexico biotechnology market has great potential and is expected to become favorable for biopharmaceutical innovation in the near-term. Emerging biotechnology clusters are among major factors for driving biopharmaceutical innovation in the country.
In addition, the country has signed Free Trade Agreements with more than thirty countries in the world. This has led to large flow of foreign direct investment and expansion of operations by several multinational biopharmaceutical companies in the country.
Currently, the country's biotechnology market is expanding, and researchers are exploring new applications in human & veterinary health, environmental protection, agricultural modernization, biofuels, and other areas.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Novartis AG ADR | View profile | 76,057 | Lichtstrasse 35, Basel, Switzerland, 4056 | www.novartis.com |
| Amgen Inc | View profile | 26,700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | www.amgen.com |
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Pfizer Inc | View profile | 88,000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | www.pfizer.com |
| Sanofi SA | View profile | 87,994 | 46, avenue de la Grande Armée, Paris, France, 75017 | www.sanofi.com |
| Lonza Group Ltd | View profile | 18,000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | www.lonza.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Bristol-Myers Squibb Co | View profile | 34,100 | Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 | www.bms.com |
Mexico - Latin America Biotechnology 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 Biotechnology Market Outlook will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 45.56% in 2023.
Horizon Databook has segmented the Mexico - Latin America biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
Owing to distinctive competitive advantages, Mexico biotechnology market has great potential and is expected to become favorable for biopharmaceutical innovation in the near-term. Emerging biotechnology clusters are among major factors for driving biopharmaceutical innovation in the country.
In addition, the country has signed Free Trade Agreements with more than thirty countries in the world. This has led to large flow of foreign direct investment and expansion of operations by several multinational biopharmaceutical companies in the country.
Currently, the country's biotechnology market is expanding, and researchers are exploring new applications in human & veterinary health, environmental protection, agricultural modernization, biofuels, and other areas.
- Mexico - Latin America Biotechnology Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Fermentation
- Chromatography Market
- DNA Sequencing
- Cell Based Assay
- Others
- PCR Technology
- Nanobiotechnology
- Tissue engineering and Regeneration
- Mexico - Latin America Biotechnology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Natural reseources & Environment
- Others Applications
- Food & Agriculture
- Health
- Industrial Processing
- Bioinformatics
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Biotechnology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Biotechnology Market, 2018-2030 (US$M)
Mexico biotechnology market statistics, by technology, 2018-2030 (US$M)
