Life Science Market to accelerate at 4.3% CAGR, US$ 4,200 Mn incremental growth expected during the forecast period 2033 | Abcam Plc, Sigma Aldrich Corp.

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

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

Immune Checkpoint Regulators
Chemokines
Growth Factors
Cytokines
Colony Stimulating Factors
Hormones
Enzymes and Inhibitors
Others

Cell Lines

Immunotherapy Cell Lines
Ion Channel Cell Lines
GPCR Cell Lines
Cell Signaling Pathway Cell Lines
Gene Knockout Cell Lines
Cancer Cell Lines
Others

Antibodies

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 :

Drug Discovery and Development
Basic Research
Toxicity Screening
Biopharmaceutical Production
Drug Screening
Tissue Engineering
Forensic Testing

Life science products market by End User :

Biopharmaceutical Companies
Contract Research Organizations (CROs)
Academic & Research Institutes
Forensic Science Laboratories
Food & Beverage Companies
Diagnostic Centers
Others

Life science products market by Region :

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Report Analysis:

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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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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