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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America In-Vitro Diagnostics Market Size
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.
Latin America In-Vitro Diagnostics Market Report Snapshots
Latin America In-Vitro Diagnostics Market Size
Latin America In-Vitro Diagnostics Companies
*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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Key Questions Answered in the Report
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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