Mexico - Latin America Laboratory Supplies Market Size & Outlook
Mexico - Latin America Laboratory Supplies Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico laboratory supplies market highlights
- The Mexico laboratory supplies market generated a revenue of USD 397.5 million in 2023 and is expected to reach USD 579.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 397.5 million |
| Market revenue in 2030 | USD 579.7 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global laboratory supplies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil laboratory supplies market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 399.8 million by 2030.
As of 19th July 2020, Mexico reported nearly 331,298 confirmed cases of COVID-19 and approximately 38,310 related deaths. The high prevalence of infectious diseases is anticipated to increase the demand for diagnostic & testing equipment and related lab supplies, thus, facilitating market growth.
As per the World Bank’s World Development Indicators, Mexico spent around 0.50% of its GDP on R&D in 2016. This was the highest expenditure by the country in the past 20 years, indicating growth in initiatives to encourage R&D in the country.
The country has six major CROs that offer clinical research & drug development services to biopharmaceutical companies. Mexico also has 26 major research institutes that focus on various fields of innovation & technology. Hence, this increasing R&D initiative in the country is anticipated to support market growth.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shimadzu Corp | View profile | 15,284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | www.shimadzu.com |
| 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 |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.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 |
| Bruker Corp | View profile | 9,707 | 40 Manning Road, Billerica, MA, United States, 01821 | www.bruker.com |
| Waters Corp | View profile | 7,900 | 34 Maple Street, Milford, MA, United States, 01757 | www.waters.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | www.perkinelmer.com |
Mexico - Latin America Laboratory Supplies 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 Supplies Market Outlook will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 62.57% in 2023.
Horizon Databook has segmented the Mexico - Latin America laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
As of 19th July 2020, Mexico reported nearly 331,298 confirmed cases of COVID-19 and approximately 38,310 related deaths. The high prevalence of infectious diseases is anticipated to increase the demand for diagnostic & testing equipment and related lab supplies, thus, facilitating market growth.
As per the World Bank’s World Development Indicators, Mexico spent around 0.50% of its GDP on R&D in 2016. This was the highest expenditure by the country in the past 20 years, indicating growth in initiatives to encourage R&D in the country.
The country has six major CROs that offer clinical research & drug development services to biopharmaceutical companies. Mexico also has 26 major research institutes that focus on various fields of innovation & technology. Hence, this increasing R&D initiative in the country is anticipated to support market growth.
- Mexico - Latin America Laboratory Supplies Market Product Outlook (Revenue, USD Million , 2018-2030)
- Equipment
- Disposables
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Laboratory Supplies Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Laboratory Supplies Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Laboratory Supplies Market, 2018-2030 (US$M)
Mexico laboratory supplies market statistics, by product, 2018-2030 (US$M)
