According to Persistence Market Research, Life Science Products Market goods was valued at more than 2,500 million dollars in 2015 and is anticipated to reach around 4,200 million dollars by the end of 2024. This entails a CAGR of 4.3% over the anticipated term.
The global market for life science goods offers a nearly US$ 120 million absolute dollar opportunity over 2016 and a roughly US$ 1,500 million incremental opportunity between 2016 and 2024. By 2024’s conclusion, the market for life science products is projected to be worth 1.4 times more than it was in 2016, largely as a result of investments in R&D in the field and a demand for high-quality products and research equipment.
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Life Science Products Market Analysis for Latin America, 2016–2024
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- Brazil is the largest market in Latin America for life science products, and it is predicted that country will hold more than 60% of the market by 2024, with a CAGR of 4.7% over that time.
- By the end of 2024, the market for life science goods in Mexico is anticipated to have grown at a 5.1% CAGR over the previous five years.
- Argentina is the market with the highest growth, and by the end of the projection period, its value is anticipated to exceed US$ 20 Mn.
- By the end of 2024, the market for the rest of Latin America is projected to grow at a 4.3% CAGR and be worth more than $30 Mn.
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Life science products market is segmented as follows as:
Life science products market By Product Type :
Recombinant Proteins
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- Immune Checkpoint Regulators
- Chemokines
- Growth Factors
- Cytokines
- Colony Stimulating Factors
- Hormones
- Enzymes and Inhibitors
- Others
Cell Lines
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- Immunotherapy Cell Lines
- Ion Channel Cell Lines
- GPCR Cell Lines
- Cell Signaling Pathway Cell Lines
- Gene Knockout Cell Lines
- Cancer Cell Lines
- Others
Antibodies
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- Immune Checkpoint Antibodies
- Epitope Tag Antibodies
- Isotype Control Antibodies
- Primary Antibodies
- Assay Antibodies
- Others
Viable Tumor Samples
Tumor Tissue Microarrays
Life science products market by Application :
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- Drug Discovery and Development
- Basic Research
- Toxicity Screening
- Biopharmaceutical Production
- Drug Screening
- Tissue Engineering
- Forensic Testing
Life science products market by End User :
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- Biopharmaceutical Companies
- Contract Research Organizations (CROs)
- Academic & Research Institutes
- Forensic Science Laboratories
- Food & Beverage Companies
- Diagnostic Centers
- Others
Life science products market by Region :
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- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Report Analysis:
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- By product type, the antibodies segment dominated the Latin America life science products market in terms of revenue in 2015 and is projected to continue to do so throughout the forecast period. The antibodies segment is expected to be the most attractive segment by product type, with a market attractiveness index of 4.3 during the forecast period
- By application, the basic research segment dominated the Latin America life science products market in terms of revenue in 2015 and is projected to continue to do so throughout the forecast period. The basic research segment is expected to be the most attractive segment by application in the Latin America life science products market, with a market attractiveness index of 4.3 during the forecast period
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About Us: Persistence Market Research’s Expertise in Life Sciences and Transformational Health, Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.
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