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Report
Latin America In-vitro Diagnostics Market Report and Forecast 2023-2028
Market Report I 2023-04-03 I 90 Pages I EMR Inc.
Latin America In-vitro Diagnostics Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Latin America in-vitro diagnostics market attained a value of USD 10528 million in 2022. Aided by increasing prevalence of chronic and infectious diseases and technological advancements in diagnostic techniques, the market is projected to further grow at a CAGR of 3.5% between 2023 and 2028 to reach a value of USD 8333.01 million by 2028.
In-vitro diagnostics (IVD) refers to medical tests conducted on samples taken from the human body, such as blood, tissues, or other fluids, to diagnose and monitor diseases, infections, and other health conditions. The Latin America in-vitro diagnostics market comprises various segments, such as reagents and consumables, instruments, and software and services, catering to different diagnostic techniques, including immunochemistry, molecular diagnostics, clinical chemistry, and microbiology.
One of the primary drivers for the Latin America in-vitro diagnostics market is the increasing prevalence of chronic and infectious diseases in the region. The aging population in Latin America is another significant factor contributing to the growth of the in-vitro diagnostics market. The increasing demand for point-of-care diagnostics and home-based testing solutions among the elderly population is expected to drive the market growth during the forecast period.
Technological advancements in diagnostic techniques have played a crucial role in the expansion of the Latin America in-vitro diagnostics market. Innovations in molecular diagnostics, next-generation sequencing, and bioinformatics have led to the development of high-precision tests with shorter turnaround times, thereby enhancing the overall efficiency of disease diagnosis and management. These advancements have not only expanded the range of applications for in-vitro diagnostics but also increased their adoption in various healthcare settings, propelling market growth.
Growing awareness about the importance of early diagnosis and disease management has also positively impacted the Latin America in-vitro diagnostics market. Governments and healthcare organisations across the region have been implementing awareness campaigns to educate the public about the benefits of timely diagnosis and preventive healthcare. This has led to an increased demand for in-vitro diagnostic tests and services, further driving market growth. Another trend propelling the growth of the Latin America in-vitro diagnostics market is the rising focus on personalised medicine. As personalised medicine gains traction, the demand for precise diagnostic tests that can provide tailored treatment plans based on an individual's genetic makeup is growing.
Market Segmentation?
The market can be divided on the basis of product and services, technology, application, end use, and country.
Market Classification by Product and Services:
- Reagents and Kits
- Instruments
- Software and Services
Market Breakup by Technology:
- Infectious Diseases
o Breakup by Type
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Enzyme-Linked Immunospot (ELISPOT)
- Rapid Tests
- Radioimmunoassay (RIA)
- Western Blotting
- Others
- Clinical Chemistry
o Breakup by Type
- Basic Metabolic Panels
- Liver Panels
- Renal Profiles
- Lipid Profiles
- Thyroid Function Panels
- Electrolyte Panels
- Specialty Chemical Tests
- Others
- Molecular Diagnostics
o Breakup by Type
- Polymerize Chain Reaction (PCR)
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Hybridisation
- DNA Diagnostics
- Microarray
- Others
- Haematology
- Microbiology
- Coagulation and Haemostasis
- Urinalysis
- Others
Market Segregation by Application:
- Infectious Diseases
- Diabetes
- Oncology
- Cardiology
- Drug Testing/Pharmacogenomics
- HIV/Aids
- Autoimmune Diseases
- Nephrology
- Others
Market Division by End Use:
- Hospital and Clinics
- Diagnostic Laboratories
- Point-Of-Care Testing
- Academic Institutes
- Others
Market Segmentation by Country:
- Brazil
- Argentina
- Mexico
- Chile
- Peru
- Uruguay
- Others
Competitive Landscape?
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Latin America in-vitro diagnostic companies. Some of the major key players explored in the report by Expert Market Research are as follows:???
- F. Hoffmann-La Roche Ltd
- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- bioMerieux SA
- WAMA Diagnostica
- Others
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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.?
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Latin America In-Vitro Diagnostics Market Analysis
8.1 Key Industry Highlights
8.2 Latin America In-Vitro Diagnostics Historical Market (2018-2022)
8.3 Latin America In-Vitro Diagnostics Market Forecast (2023-2028)
8.4 Latin America In-Vitro Diagnostics Market by Product and Services
8.4.1 Reagents and Kits
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Instruments
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Software and Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Latin America In-Vitro Diagnostics Market by Technology
8.5.1 Infectious Diseases
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Type
8.5.1.4.1 Enzyme-Linked Immunosorbent Assay (ELISA)
8.5.1.4.2 Enzyme-Linked Immunospot (ELISPOT)
8.5.1.4.3 Rapid Tests
8.5.1.4.4 Radioimmunoassay (RIA)
8.5.1.4.5 Western Blotting
8.5.1.4.6 Others
8.5.2 Clinical Chemistry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.2.4 Breakup by Type
8.5.2.4.1 Basic Metabolic Panels
8.5.2.4.2 Liver Panels
8.5.2.4.3 Renal Profiles
8.5.2.4.4 Lipid Profiles
8.5.2.4.5 Thyroid Function Panels
8.5.2.4.6 Electrolyte Panels
8.5.2.4.7 Specialty Chemical Tests
8.5.2.4.8 Others
8.5.3 Molecular Diagnostics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.3.4 Breakup by Type
8.5.3.4.1 Polymerize Chain Reaction (PCR)
8.5.3.4.2 Isothermal Nucleic Acid Amplification Technology (INAAT)
8.5.3.4.3 Hybridisation
8.5.3.4.4 DNA Diagnostics
8.5.3.4.5 Microarray
8.5.3.4.6 Others
8.5.4 Haematology
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Microbiology
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Coagulation and Haemostasis
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Urinalysis
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Latin America In-Vitro Diagnostics Market by Application
8.6.1 Infectious Diseases
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Diabetes
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Oncology
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Cardiology
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Drug Testing/Pharmacogenomics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 HIV/Aids
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Autoimmune Diseases
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Nephrology
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2018-2022)
8.6.8.3 Forecast Trend (2023-2028)
8.6.9 Others
8.7 Latin America In-Vitro Diagnostics Market by End Use
8.7.1 Hospital and Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Diagnostic Laboratories
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Point-Of-Care Testing
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Academic Institutes
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Latin America In-Vitro Diagnostics Market by Country
8.8.1 Market Share
8.8.1.1 Brazil
8.8.1.2 Argentina
8.8.1.3 Mexico
8.8.1.4 Chile
8.8.1.5 Peru
8.8.1.6 Uruguay
8.8.1.7 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Argentina
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Mexico
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Chile
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Peru
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Uruguay
9.6.1 Historical Trend (2018-2022)
9.6.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 F. Hoffmann-La Roche Ltd
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Becton, Dickinson and Company
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Bio-Rad Laboratories, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 bioMerieux SA
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 WAMA Diagnostica
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
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