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Latin America is one of the most interesting developing markets for the analytical instrumentation industry. The region is home to 600 million people with a total GDP of more than $6 trillion.
Latin America is one of the most interesting developing markets for the analytical instrumentation industry. The region is home to 600 million people with a total GDP of more than $6 trillion. Domestic industry has niche strengths with global influence in oil and gas, biofuels, agriculture, aircrafts, and automobiles. Foreign investment has also been a source of development. Latin America has become the third most popular destination for outsourcing service sector jobs. Industrial development has also been fostered by foreign investment in pharmaceuticals, biopharma, and other industries.
Latin American separations demand by industry.
The Latin American separations market is expected to post solid growth in the next few years fueled by applications in pharmaceutical, biotechnology, food/agriculture, and oil and gas industries. HPLC and GC are the largest technology segments in the Latin American separations market. HPLC is among the fastest growing techniques buoyed by demand from the growing pharmaceutical and biotechnology industries. The demand for GC instruments is fueled by applications in the oil/gas and food/agriculture industries.
Latin American pharmaceutical, academic, chemical, and food/agriculture laboratories are the largest consumers of separation technology accounting for a combined 57%. Government testing and research also play a significant role in the Latin American market.
The foregoing data was extracted from SDi’s Market Analysis and Perspective report entitledContinent of Hope: The Latin American Market for Analytical Instrumentation. For more information, contact Glenn Cudiamat, VP of Research Services, Strategic Directions International, Inc., 6242 Westchester Parkway, Suite 100, Los Angeles, CA 90045, tel. (310) 641-4982, fax (310) 641-8851, e-mail:firstname.lastname@example.org