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The Latin America in-vitro diagnostics market grew a CAGR of 17.9% during the period 2017-2023. Analysis of human samples offers physicians with vital information to properly diagnose, treat, and prevent illnesses. Several leading companies offer in-vitro diagnostic (IVD) solutions that deliver rapid, sensitive results while minimizing cost and complexity. Modern in-vitro diagnostics (IVDs) enable better diagnosis for prevention and management of infectious and chronic diseases. In-vitro diagnostics can help identify early warning signs and individual risk factors, generating new openings for prevention and early intervention. Some in-vitro diagnostics range beyond the laboratory, hospital or doctor’s office, enabling patients with chronic illnesses to self-monitor and manage their own conditions. These factors are expected to drive market growth.
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Leading in-vitro diagnostics companies seek growth helpful to business plans; regions such as Latin America offer significant market potential. In developing countries, rising levels of income and standards of living are expected to stimulate a new, health-conscious populace seeking quality medical care, and drive the Latin America In-vitro diagnostics market. Latin America is an important region for in-vitro diagnostics manufacturers, with reagents and instruments being key elements in important nations of the continent, including Brazil, Chile, Argentina, Colombia, Peru and Mexico. Key drivers are expected to be growing population, government insurance, patients that are newly insured, and modernized healthcare facilities.
Major companies likely to lead the Latin American Market include:
Abbott – A leading company in pharmaceuticals, nutritionals, devices, and diagnostics. In Latin America, the company leads in immunoassay-based microbiology and molecular microbiology, and competes in all countries in immunoassays.
Danaher – Danaher offers a broad range of products in the diagnostics market, these include analytical instruments, reagents, consumables, software, and services employed in different healthcare settings. The company’s Diagnostics segment is classified into Clinical Lab Diagnostics, Critical Care Diagnostics, and Anatomical & Pathological Diagnostics.
Becton Dickinson (BD) – A leading company that develops, produces and sells instrument systems, medical devices, and reagents. In Latin America, the company specializes in flow cytometry, microbiology, and molecular solutions.
Roche Diagnostics – A key player active in clinical chemistry, urinalysis, point of care (POC), and haematology; it competes in molecular and immunoassays. Roche also leads in IVD and tissue-based cancer diagnostics, and in diabetes management.
Siemens Healthineers – A key player in the domain, the company's diagnostics division includes products for clinical chemistry, haematology, drug testing, immunoassay, coagulation, infectious disease, molecular diagnostics, microbiology, plasma proteins, point-of-care testing, blood gases/electrolytes, and urinalysis.
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By product and services, the Latin America In-vitro diagnostics market is divided into:
By technology, the market is classified into:
By application, the market is classified into:
By end use, the market is segmented into:
By country, the market is classified into:
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The report presents a detailed analysis of the following key players in the Latin America in-vitro diagnostics market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product and Services |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 17.9% between 2024 and 2032.
The major drivers of the market include the rising levels of income, rising standards of living, growing population, government insurance, newly insured patients, and modernised healthcare facilities.
Advancements in technology and demand for quality medical care are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Europe, Latin America, Asia Pacific, the Middle East and Africa, among others.
The various products and services in the Latin America in-vitro diagnostics market are reagents and kits, instruments, software and services.
Based on technology, the market is segmented into infectious disease, clinical chemistry, molecular diagnostics, haematology, microbiology, coagulation and haemostasis, and urinalysis, among others.
The major applications of the market are infectious diseases, diabetes, cardiology, oncology, drug testing/pharmacogenomics, HIV/Aids, autoimmune diseases, and nephrology, among others.
The end-uses of the market are hospital and clinics, diagnostic laboratories, point-of-care testing, and academic institutes, among others.
The major players in the Latin America in-vitro diagnostics market are F. Hoffmann-La Roche Ltd, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., bioMérieux SA, and WAMA Diagnóstica, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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