Market by Type, End-user, and Country Outlook | Forecast 2024-2032
As per Triton’s research, the analytical laboratory instruments market in Latin America is projected to advance at a CAGR of 6.15% during the forecast period 2024-2032.
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The countries in the studied region include:
• Brazil
• Mexico
• Rest
of Latin America
A heightened focus on food testing
in the region spurs the projected growth of the analytical laboratory
instrument market. Technological advancements have significantly enhanced
agricultural systems, leading to higher food production. Despite these advancements,
challenges persist in ensuring food nutritional security. Simultaneously,
global concerns regarding over-nourishment, obesity, and diseases are mounting.
This has significantly highlighted the need for effective testing instruments,
thereby creating opportunities for the studied market.
Moreover, increasing income levels
and growing awareness of healthcare in Latin America have spurred a rising
demand for medical services and diagnostics, driving the necessity for advanced
analytical laboratory instruments across various healthcare facilities.
Brazil leads the market with the highest share. The nation’s expanding
biotechnology sector is fostering advancements in analytical instrumentation,
revolutionizing research and development across multiple sectors. Recognizing
biotechnology as pivotal for sustainable progress, Brazil has allocated substantial
public funds towards research activities, particularly in genomics, proteomics,
GMOs, gene therapy, stem cells, and nanotechnology. This commitment is evident
in Brazil’s increasing influence in the biotechnology sector. Thus,
advancements in biotechnology open avenues for the analytical laboratory
instruments market.
In biotechnology, analytical laboratory
instruments play a pivotal role across diverse applications such as research,
development, and quality control. Among the array of instruments utilized, mass
spectrometers, chromatography systems, spectrophotometers, DNA sequencers,
microscopes, electrophoresis systems, and flow cytometers stand prominent. They
are indispensable tools facilitating research endeavors, sample analysis, and
data generation crucial for scientific breakthroughs and product advancement in
the realm of biotechnology.
The
market’s growth is determined based on end-user and type. The type section is further divided into
biotechnology, diagnostic centers & hospitals, pharmaceutical, food
testing, chemical/petrochemical and oil & gas, research & academic
institutes, and other end-users.
The well-known companies in the market are Agilent Technologies,
Bruker, Danaher Corporation, and Hitachi Limited.
Bruker specializes in manufacturing
and distributing scientific instruments and analytical solutions across various
sectors, including life sciences, pharmaceuticals, biotechnology, surface
measurement, etc. Its diverse product line caters to a wide array of fields,
such as CBRNE detection, preclinical imaging, food, agriculture, and cell
biology, among others. Additionally, it provides tools such as atomic force
microscopy, X-ray systems, spark-optical emission spectroscopy, and stylus and
optical metrology for precise measurements. The company serves nanotechnology,
material science research, clinical research, and microbiology sectors, with
operations across multiple regions, including Latin America.
KEY DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2024-2032
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the analytical laboratory instruments market revenue growth in Latin America and its influence
on the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape and Porter’s
Five Forces
●
A wide-ranging study of factors that will challenge the Latin
America analytical
laboratory instruments market’s growth during the
upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. VALUE
CHAIN ANALYSIS
2.3.1. RESEARCH
AND DEVELOPMENT ALONG WITH REGULATORY APPROVAL
2.3.2. RAW
MATERIAL PROCUREMENT
2.3.3. MANUFACTURING
2.3.4. DISTRIBUTION
2.4. KEY
BUYING IMPACT ANALYSIS
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. ACQUISITIONS
2.5.3. PRODUCT
LAUNCHES & DEVELOPMENTS
2.5.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. INCREASING
DEMAND FOR CHEMICALS AND PETROCHEMICALS IN PRODUCT MANUFACTURING
2.6.2. ADVANCING
PHARMACEUTICAL RESEARCH AND DEVELOPMENT
2.7. MARKET
CHALLENGES
2.7.1. EXPENSES
ASSOCIATED WITH COMPONENTS AND INSTRUMENTS
2.7.2. SHORTAGE
OF SKILLED LABORATORY PROFESSIONALS
2.8. MARKET
OPPORTUNITY
2.8.1. RAPID TECHNOLOGICAL
ADVANCEMENTS
2.9. ANALYST
PERSPECTIVE
3. LATIN
AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET - BY TYPE
3.1. ELEMENTAL
ANALYSIS INSTRUMENTS
3.2. MOLECULAR
ANALYSIS INSTRUMENTS
3.3. SEPARATION
ANALYSIS INSTRUMENTS
3.4. OTHER
INSTRUMENTS
4. LATIN
AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET - BY END-USER
4.1. DIAGNOSTIC
CENTERS & HOSPITALS
4.2. PHARMACEUTICAL
4.3. RESEARCH
& ACADEMIC INSTITUTES
4.4. BIOTECHNOLOGY
4.5. CHEMICAL/PETROCHEMICAL
AND OIL & GAS
4.6. FOOD
TESTING
4.7. OTHER
END-USERS
5. LATIN
AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET – BY COUNTRY OUTLOOK
5.1. BRAZIL
5.1.1. BRAZIL
ANALYTICAL LABORATORY INSTRUMENTS MARKET FORECAST & PROSPECTS
5.2. MEXICO
5.2.1. MEXICO
ANALYTICAL LABORATORY INSTRUMENTS MARKET FORECAST & PROSPECTS
5.3. REST
OF LATIN AMERICA
5.3.1. REST
OF LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET FORECAST &
PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. AGILENT
TECHNOLOGIES
6.1.1. OVERVIEW
6.1.2. PRODUCT
LIST
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. BRUKER
6.2.1. OVERVIEW
6.2.2. PRODUCT
LIST
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. DANAHER
CORPORATION
6.3.1. OVERVIEW
6.3.2. PRODUCT
LIST
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. HITACHI
LIMITED
6.4.1. OVERVIEW
6.4.2. PRODUCT
LIST
6.4.3. STRENGTHS
& CHALLENGES
6.4.4. KEY
STRENGTHS
6.4.5. KEY
CHALLENGES
6.5. JEOL
LTD
6.5.1. OVERVIEW
6.5.2. PRODUCT
LIST
6.5.3. STRENGTHS
& CHALLENGES
6.5.4. KEY
STRENGTHS
6.5.5. KEY
CHALLENGES
6.6. PERKINELMER
6.6.1. OVERVIEW
6.6.2. PRODUCT
LIST
6.6.3. KEY STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. SHIMADZU
CORPORATION
6.7.1. OVERVIEW
6.7.2. PRODUCT
LIST
6.7.3. STRENGTHS
& CHALLENGES
6.7.4. KEY
STRENGTHS
6.7.5. KEY
CHALLENGES
6.8. THERMO
FISHER SCIENTIFIC
6.8.1. OVERVIEW
6.8.2. PRODUCT
LIST
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. WATERS
CORPORATION
6.9.1. OVERVIEW
6.9.2. PRODUCT
LIST
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. ZEISS
GROUP
6.10.1. OVERVIEW
6.10.2. PRODUCT
LIST
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: LATIN AMERICA
ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
TABLE 2: LIST OF COLLABORATIONS
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES & DEVELOPMENTS
TABLE 5: LIST OF BUSINESS
DIVESTITURES & EXPANSIONS
TABLE 6: RESEARCH AND
DEVELOPMENT SPENDING BY LEADING PHARMACEUTICAL COMPANIES IN 2022 (IN $
MILLIONS)
TABLE 7: LATIN AMERICA
ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE 8: LATIN AMERICA
ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
TABLE 9: LATIN AMERICA
ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: MARKET MATURITY ANALYSIS
FIGURE
3: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY TYPE, 2023 &
2032 (IN %)
FIGURE
4: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY ELEMENTAL
ANALYSIS INSTRUMENTS, 2024-2032 (IN $ MILLION)
FIGURE
5: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY MOLECULAR
ANALYSIS INSTRUMENTS, 2024-2032 (IN $ MILLION)
FIGURE
6: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY SEPARATION
ANALYSIS INSTRUMENTS, 2024-2032 (IN $ MILLION)
FIGURE
7: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY OTHER
INSTRUMENTS, 2024-2032 (IN $ MILLION)
FIGURE
8: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY END-USER, 2023
& 2032 (IN %)
FIGURE
9: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY DIAGNOSTIC
CENTERS & HOSPITALS, 2024-2032 (IN $ MILLION)
FIGURE
10: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY PHARMACEUTICAL,
2024-2032 (IN $ MILLION)
FIGURE
11: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY RESEARCH &
ACADEMIC INSTITUTES, 2024-2032 (IN $ MILLION)
FIGURE
12: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY BIOTECHNOLOGY,
2024-2032 (IN $ MILLION)
FIGURE
13: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY
CHEMICAL/PETROCHEMICAL AND OIL & GAS, 2024-2032 (IN $ MILLION)
FIGURE
14: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY FOOD TESTING,
2024-2032 (IN $ MILLION)
FIGURE
15: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY OTHER END-USERS,
2024-2032 (IN $ MILLION)
FIGURE
16: LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY COUNTRY OUTLOOK,
2023 & 2032 (IN %)
FIGURE
17: BRAZIL ANALYTICAL LABORATORY INSTRUMENTS MARKET 2024-2032 (IN $ MILLION)
FIGURE
18: MEXICO ANALYTICAL LABORATORY INSTRUMENTS MARKET 2024-2032 (IN $ MILLION)
FIGURE
19: REST OF LATIN AMERICA ANALYTICAL LABORATORY INSTRUMENTS MARKET 2024-2032
(IN $ MILLION)