Latin America Protein Engineering Market Size & Outlook
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Latin America protein engineering market highlights
- The Latin America protein engineering market generated a revenue of USD 168.3 million in 2023.
- The market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 168.3 million |
| Market revenue in 2030 | USD 436.7 million |
| Growth rate | 14.2% (CAGR from 2024 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Instruments |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents, Software & Services |
| Key market players worldwide | Agilent Technologies, Bruker Corp, Thermo Fisher Scientific Inc, PerkinElmer, Waters Corp, Bio-Rad Laboratories Inc, Merck KGaA, Danaher Corp, Genscript Biotech Corp Class H, Amgen Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.5% of the global protein engineering 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 1,939.1 million by 2030.
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Protein Engineering Market Scope
Protein Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Genscript Biotech Corp Class H | View profile | 6937 | No. 28, Yongxi Road, Jiangning Science Park, Jiangsu Province, Nanjing, China, People's Republic of, 211100 | https://www.genscript.com |
| Agilent Technologies | View profile | 10001+ | Santa Clara, California, United States, North America | http://www.agilent.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Waters Corp | View profile | 7900 | 34 Maple Street, Milford, MA, United States, 01757 | https://www.waters.com |
| Bruker Corp | View profile | 9707 | 40 Manning Road, Billerica, MA, United States, 01821 | https://www.bruker.com |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Merck KGaA | View profile | 62345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | https://www.emdgroup.com |
| Amgen Inc | View profile | 26700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | https://www.amgen.com |
Latin America protein engineering 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 protein engineering market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 60.25% in 2023. Horizon Databook has segmented the Latin America protein engineering market based on instruments, reagents, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of untapped opportunities in emerging countries, such as Brazil and Mexico, is expected to propel the growth of protein engineering market during the forecast period. The demand for protein engineering is increasing in this region owing to rising healthcare awareness and growing adoption of innovative technology.
The region’s emerging healthcare industry is expected to lead to increased sales of protein engineering products in the next few years. These countries have made remarkable efforts to strengthen their healthcare systems, which is likely to create future opportunities for integrators, manufacturers, and distributors, thereby boosting market growth during the forecast period.
Furthermore, rapid technological advancements are expected to contribute to market expansion. Increasing government spending and rising number of research activities are expected to drive the market growth over the forecast period.
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Target buyers of Latin America protein engineering market databook
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Our clientele includes a mix of protein engineering market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 protein engineering market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America protein engineering market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America protein engineering market size, by country, 2018-2030 (US$M)
Latin America Protein Engineering Market Outlook Share, 2023 & 2030 (US$M)
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