Mexico Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Mexico nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Mexico nuclear magnetic resonance spectroscopy market highlights
- The Mexico nuclear magnetic resonance spectroscopy market generated a revenue of USD 6.9 million in 2023 and is expected to reach USD 9.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, academic was the largest revenue generating end use in 2023.
- Pharmaceutical & Biotech companies is the most lucrative end use segment registering the fastest growth during the forecast period.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 6.9 million |
| Market revenue in 2030 | USD 9.6 million |
| Growth rate | 4.8% (CAGR from 2024 to 2030) |
| Largest segment | Academic |
| Fastest growing segment | Pharmaceutical & Biotech companies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Academic, Pharmaceutical & Biotech companies, Agriculture and Food, Chemical Industries |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil nuclear magnetic resonance spectroscopy 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 2.7 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Academic was the largest segment with a revenue share of 39.13% in 2023. Horizon Databook has segmented the Mexico nuclear magnetic resonance spectroscopy market based on academic, pharmaceutical & biotech companies, agriculture and food, chemical industries covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is considered the third-largest pharmaceutical market in Latin America. Mexico has emerged as one of the potential countries for biopharmaceutical products due to the presence of skilled scientists, low manufacturing costs, and advanced legal framework.
Moreover, the high penetration of the U.S.- based biotechnology companies in Mexico has supported the country’s biotechnology sector. In addition, the government in Mexico has prioritized growth and innovation in the biotechnology sector.
Furthermore, rising medical tourism in the country due to its cost-effective healthcare services is anticipated to drive the demand for NMR tools for clinical applications. However, limited R&D investments and low affordability of technologically advanced systems in the country may hamper market growth during the forecast period.
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Our clientele includes a mix of nuclear magnetic resonance spectroscopy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Mexico nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Mexico Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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