Latin America Laboratory Equipment Market Size & Outlook
- HC Supplies
- Medical Supplies
- Laboratory Equipment Market Outlook
- Medical Supplies
Latin America Laboratory Equipment Market, 2018-2030 (US$M)
Global Market
Related Markets
Ask a question about the laboratory equipment market
Latin America laboratory equipment market highlights
- The Latin America laboratory equipment market generated a revenue of USD 1,299.7 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Clinical 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 1,299.7 million |
| Market revenue in 2030 | USD 1,927.5 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Clinical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global laboratory equipment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 20,012.6 million by 2030.
Latin America is one of the key regions encouraging R&D activities and showcasing numerous growth opportunities for investments. Factors such as a growing number of international players, high disease burden, a significant number of research institutions, and clinical advancements, and increase in government spending, per capita healthcare spending, & initiatives undertaken by WHO & other organizations, are expected to boost the market in Latin America.
However, several challenges faced by Latin American countries are anticipated to limit market growth. For instance, Brazil has some of the region's most prominent health institutions, but most of its public healthcare system suffers from poor scheduling and understaffing. Colombia has a relatively weak healthcare and research infrastructure, thereby highlighting resource discrepancies in the region.
No credit card required*
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| FUJIFILM Holdings Corp | View profile | 83,784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | www.fujifilmholdings.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Sartorius AG | View profile | 14,338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | www.sartorius.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
Latin America Laboratory Equipment 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 Laboratory Equipment Market Outlook will help companies and investors design strategic landscapes.
General was the largest segment with a revenue share of 27.35% in 2023.
Horizon Databook has segmented the Latin America laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is one of the key regions encouraging R&D activities and showcasing numerous growth opportunities for investments. Factors such as a growing number of international players, high disease burden, a significant number of research institutions, and clinical advancements, and increase in government spending, per capita healthcare spending, & initiatives undertaken by WHO & other organizations, are expected to boost the market in Latin America.
However, several challenges faced by Latin American countries are anticipated to limit market growth. For instance, Brazil has some of the region's most prominent health institutions, but most of its public healthcare system suffers from poor scheduling and understaffing. Colombia has a relatively weak healthcare and research infrastructure, thereby highlighting resource discrepancies in the region.
- Latin America Laboratory Equipment Market Product Outlook (Revenue, USD Million , 2018-2030)
- General
- Analytical
- Clinical
- Support
- Specialty
- Latin America Laboratory Equipment Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Research Institutions
- Healthcare
- Veterinary
- Others
Reasons to subscribe to Laboratory Equipment Market Outlook 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 Laboratory Equipment Market Outlook databook
- Our clientele includes a mix of Laboratory Equipment Market Outlook 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 Laboratory Equipment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Laboratory Equipment Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Laboratory Equipment Market, 2018-2030 (US$M)
Latin America laboratory equipment market statistics, by product, 2018-2030 (US$M)
