Latin America Pharmaceutical Analytical Testing Outsourcing Market Size & Outlook
The pharmaceutical analytical testing outsourcing market in Latin America is expected to reach a projected revenue of US$ 397.0 million by 2030. A compound annual growth rate of 7.1% is expected of Latin America pharmaceutical analytical testing outsourcing market from 2023 to 2030.
Revenue, 2022 (US$M)
$228.7
Forecast, 2030 (US$M)
$397.0
CAGR, 2023 - 2030
7.1%
Report Coverage
Latin America
Latin America pharmaceutical analytical testing outsourcing market, 2018-2030 (US$M)
Related Markets
Latin America pharmaceutical analytical testing outsourcing market highlights
- The Latin America pharmaceutical analytical testing outsourcing market generated a revenue of USD 228.7 million in 2022.
- The market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, bioanalytical testing was the largest revenue generating services in 2022.
- Bioanalytical Testing is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 228.7 million |
| Market revenue in 2030 | USD 397.0 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Bioanalytical testing |
| Fastest growing segment | Bioanalytical Testing |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioanalytical Testing, Method Development & Validation, Stability Testing |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global pharmaceutical analytical testing outsourcing market in 2022.
- 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 1,559.7 million by 2030.
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Pharmaceutical Analytical Testing Outsourcing Market Scope
Pharmaceutical analytical testing outsourcing market segmentation & scope
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Pharmaceutical Analytical Testing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America pharmaceutical analytical testing outsourcing market size, by country, 2018-2030 (US$M)
Latin America Pharmaceutical Analytical Testing Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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