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Microscopy Market in Latin America (2010 - 2015)

 

By: marketsandmarkets.com
Publishing Date: March 2011
Report Code: MD 1064

 




Microscopy Market in Latin America (2010 - 2015)

Latin America accounted for 4.3% of the global microscopy instruments market for the year 2009. This market portrays a significant growth potential and is anticipated to reach $173,932 thousand in the year 2015 from $87,416 in 2009 with a CAGR of 11.4% from 2010 to 2015.

Latin America witnesses substantial initiatives taken by the government to set in motion the development and promotion of nanotechnology research with growing interest shown by the pharmaceutical and biotechnology companies to expand their global presence in this region for their global clinical projects. Countries such as Brazil, Mexico, and Argentina are forecasted to be the major hubs for clinical trials during 2010-2015.

Brazil leads the market of Latin America for microscopy instruments. The overall market for the microscopy instruments in Brazil was valued at $36.7 million in the
year 2009.

The growing clinical trials in Latin America and rising demand from the universities for state-of-the-art research facilities is one of the primary drivers for growth of microscopy instruments market in Mexico; while among RoLA (Rest of Latin America) segment, Chile represents the highest growth for microscopy instruments during 2010-2015.

Academics and research institutes are also the major consumers of microscopes and account for approximately 68.2% of the market share. Research activities at university level are acting as integral components of innovation systems in Latin America. Universities are largely funded by the research programs and grants from governments in respective countries. In addition to this, collaborative research efforts amongst university research centers and pharma and biotech companies have fulfilled capital investment needs of academic institutions.

This microscopy market can be segmented as optical microscopes, electron microscopes, and scanning microscopes based on the mechanism of their operation and functions.

Our study shows the optical microscopes accounting for the largest share of the advanced microscopy market; both in terms of value and volume. However, electron microscopes are expected to forge ahead in this segment in terms of value owing to rising demand for advanced microscopy instruments from the end user market consisting of academic research institution and universities, pharma & biotech companies, and government-owned research institutions. Along with growth of clinical research activities in Latin America, initiatives taken by the government to boost research activities and easy availability of research funding are expected to fuel the growth of microscopy market in Latin America.

Scope of the report

The report evaluates market for advanced microscopy technologies in Latin America with respect to revenues, growth, and industry focus in the following markets:

  • Microscopy market by products
  • Microscopy market by end users

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