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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Latin America Osmometers Market Analysis
The increasing prevalence of chronic diseases like diabetes and chronic kidney diseases, among others in the region is one of the primary market growth drivers. Osmometers can be used in measuring the osmolality in patients affected from diabetic ketoacidosis (a fatal complication associated with severe diabetes). Diabetes can cause fluctuations in the level of blood glucose which can alter osmolality in body fluids. Currently, the prevalence of diabetes is significantly rising in Latin America. In Brazil, more than 10.25% of adults claimed to have been diagnosed with diabetes in 2023. It is estimated that diabetes will affect 11.6 million Brazilians by 2025. The increasing prevalence of diabetes in the region is contributing to rising emphasis on disease management, thereby propelling the Latin America osmometers market demand.
Osmometers also find its application in chronic kidney diseases. It helps in evaluating kidney health and guide treatment strategies by measuring the osmolality of urine in patients suffering from a chronic kidney condition such as acute kidney injury or chronic kidney disease. The increasing prevalence of CKD is poised to become the fifth leading cause of death globally by 2040. As estimated by the International Society of Nephrology’s Global Kidney Health Atlas in 2021, the mean prevalence of CKD in Latin America was 9.9%, with Puerto Rico reporting the highest (15.3%) while Haiti reporting the lowest prevalence (6.3%). Due to the increasing prevalence of CKD, the need for effective diagnostic and monitoring tools in the market is expected to rise, boosting the Latin America osmometers market growth in the forecast period.
The market is also poised to be influenced by technological advancements in osmometers. The adoption of advanced technologies makes the device more accurate, reliable, and user-friendly, boosting the adoption in healthcare settings. The market is expected to be driven by the increasing government focus on improving healthcare in their region. A substantial rise in supportive government policies and increasing funding activities are one of the major Latin America osmometers market trends. For instance, in April 2023, the Board of Executive Directors of the Inter-American Development Bank (IDB) cleared a USD 200 million loan to improve the healthcare system of Argentina. This first individual operation was aimed at reducing premature mortality and providing access to health services in Argentina by escalating useful access to diagnostic and care services for individuals who solely rely on public healthcare coverage. The aim to upgrade healthcare settings and services including the increased demand for advanced medical equipment, is expected to boost the market value in the forecast period.
Latin America Osmometers Market Report Snapshots
Latin America Osmometers Market Size
Latin America Osmometers Market Analysis
Latin America Osmometers 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 Latin America osmometers market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 13.2% during the forecast period of 2025-2034 and is likely to reach a market value of USD 361 million by 2034.
The market is driven by the improving healthcare infrastructure and the prevalence of chronic diseases such as diabetes and chronic kidney diseases in the region.
Rise in strategic investments by international financial institutions is one of the major market trends. For instance, the IDB authorised a loan of USD 200 million for the enhancement of healthcare system in Argentina.
Single-sample osmometers and multi-sample osmometers are major sampling capacities available in the market.
Based on types, the market is divided into freezing point, vapor pressure, and membrane osmometers.
Common application areas include clinical, pharmaceutical, and biotech among others.
Major end users include laboratory and diagnostics centers, healthcare companies, contract manufacturing organisation, as well as food and feed industries, among others.
The market segmentation by countries includes Brazil, Argentina, Mexico, and others.
The key players in the market are Nova Biomedical, KNAUER Wissenschaftliche Gerete Gmbh, Labtek Services Ltd., Advanced Instruments, Precision Systems Inc., ARKRAY Inc., and Ratiolab.
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