Latin America In-vitro Diagnostics Enzymes Market Size & Outlook

The in-vitro diagnostics enzymes market in Latin America is expected to reach a projected revenue of US$ 112.7 million by 2030. A compound annual growth rate of 8.3% is expected of Latin America in-vitro diagnostics enzymes market from 2025 to 2030.
Revenue, 2024 (US$M)
$69.6
Forecast, 2030 (US$M)
$112.7
CAGR, 2025 - 2030
8.4%
Report Coverage
Latin America

Latin America in-vitro diagnostics enzymes market, 2018-2030 (US$M)

Latin

Latin America in-vitro diagnostics enzymes market highlights

  • The Latin America in-vitro diagnostics enzymes market generated a revenue of USD 98.7 million in 2023.
  • The market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
  • In terms of segment, proteases was the largest revenue generating enzyme type in 2023.
  • Proteases is the most lucrative enzyme type segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 98.7 million
Market revenue in 2030USD 181.0 million
Growth rate9.1% (CAGR from 2023 to 2030)
Largest segmentProteases
Fastest growing segmentProteases
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationProteases
Key market players worldwideBiocatalysts Ltd, Merck KGaA, Codexis Inc, Roche Holding AG, Amano Enzyme, Advanced Enzymes, Amicogen, Dyadic International Inc, BBI Solutions, Affymetrix, American Laboratories, Inc.


Other key industry trends

  • In terms of revenue, Latin America region accounted for 4.5% of the global in-vitro diagnostics enzymes 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 966.5 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

In-vitro Diagnostics Enzymes Market Scope

In-vitro diagnostics enzymes market segmentation & scope

In-vitro Diagnostics Enzymes Market Companies

Name Profile # Employees HQ Website

Latin America in-vitro diagnostics enzymes 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 in-vitro diagnostics enzymes market will help companies and investors design strategic landscapes.


Proteases was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Latin America in-vitro diagnostics enzymes market based on proteases covering the revenue growth of each sub-segment from 2018 to 2030.


The utility of molecular techniques in the diagnosis of several disorders is expected to create growth opportunities in the Latin America IVD enzymes market. The use of molecular biology techniques and sequencing has increased in the region; however, there is not sufficient government funding and reimbursement.

The Brazilian Health Regulatory Agency is linked to the Ministry of Health as a coordinator of the Brazilian Health Regulatory System, which is part of the Brazilian National Health System, operating within the region.

Companies dealing in sequencing and genetic tests are investing in the region. Moreover, rise in the number of sequencing projects in the region is expected to increase the use of enzymes. For instance, in July 2020, the Oswaldo Cruz Foundation, Brazil developed a joint project with Vale Technological Institute (ITV) for genomic sequencing of COVID-19 samples.

Reasons to subscribe to Latin America in-vitro diagnostics enzymes market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Latin America in-vitro diagnostics enzymes market databook

  • Our clientele includes a mix of in-vitro diagnostics enzymes market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 in-vitro diagnostics enzymes market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America in-vitro diagnostics enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Latin America in-vitro diagnostics enzymes market

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more