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Wednesday, August 17, 2022

Latin America In-Vitro Diagnostics Market Growth to be Driven by the Demand for Quality Medical Care in the Forecast Period of 2022-2027 


The new report by Expert Market Research titled, ‘Latin America In-Vitro Diagnostics Market, Size, Share, Growth, Analysis, Report and Forecast 2022-2027’, gives an in-depth analysis of the Latin America in-vitro diagnostics market, assessing the market based on its segments like products and services, technology, applications, end-uses, and major countries.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Latin America In-Vitro Diagnostics Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

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The key highlights of the report include:

Market Overview (2017-2027) 

• Forecast CAGR (2022-2027): 17.9%

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2021
Growth Rate CAGR17.9 %
Major PlayersF. Hoffmann-La Roche Ltd, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc.,bioMérieux SA,  and WAMA Diagnóstica, among others.

The rising demand for vessel maintenance services for ferries and passenger ships in the region is predicted to increase as cruise tourism and export commerce expand in North America, particularly in the United States. In the forecast period, this is likely to be the main factor driving the North American market for vessel monitoring systems.

Companies all around the world have been compelled to improve their cargo vessels as a result of aggressive national goals, rapid technical advancements, and global agreements. As a result, the market for vessel monitoring systems is likely to grow. The vessel monitoring system is employed to assist law enforcement initiatives and prevent law violations.

The system also enables enforcement personnel to focus their time on regions with the highest possibility for significant violations, thereby propelling the development of Latin America in-vitro diagnostics market.

Latin America In-Vitro Diagnostics Industry Definition and Major Segments

Early warning indications and specific risk factors can be found using in-vitro diagnostics, offering up new opportunities for prevention and early intervention. With the use of some in-vitro diagnostics, people with chronic illnesses are able to self-monitor and manage their own symptoms outside of the constraints of the lab, hospital, or doctor’s office.

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By product and services, the market is segmented into:

• Reagents and Kits
• Instruments
• Software and Services

Based on technology, the Latin America in-vitro diagnostics market is classified into:

  • Infectious Diseases
    • Enzyme-Linked Immunosorbent Assay (ELISA)
    • Enzyme-Linked Immunospot (ELISPOT)
    • Rapid Tests
    • Radioimmunoassay (RIA)
    • Western Blotting
    • Others
  • Clinical Chemistry
    • Basic Metabolic Panels
    • Liver Panels
    • Renal Profiles
    • Lipid Profiles
    • Thyroid Function Panels
    • Electrolyte Panels
    • Speciality Chemical Tests
    • Others
  • Molecular Diagnostics
    • Polymerize Chain Reaction (PCR)
    • Isothermal Nucleic Acid Amplification Technology (INAAT)
    • Hybridisation
    • DNA Diagnostics
    • Microarray
    • Others
  • Haematology
  • Microbiology
  • Coagulation and Haemostasis
  • Urinalysis
  • Others

The in-vitro diagnostics find extensive applications in:

• Infectious Diseases
• Diabetes
• Oncology
• Cardiology
• Drug Testing/Pharmacogenomics
• HIV/Aids
• Autoimmune Diseases
• Nephrology
• Others

By end use, the market is segmented into:

• Hospital and Clinics
• Diagnostic Laboratories
• Point-Of-Care Testing
• Academic Institutes
• Others

On the basis of country, the the Latin America in-vitro diagnostics market is classified into:

• Brazil
• Argentina
• Mexico
• Chile
• Peru
• Uruguay
• Others

Latin America In-Vitro Diagnostics Market Trends

The growing population, government insurance, patients that are newly insured, and modernised healthcare facilities are expected to propel the Latin America in-vitro diagnostics market growth. Rapid, convenient, and accurate research tools for the detection and quantification of targets, continuous development of new biomarkers, cost-benefit, and growing adoption of automated platforms for ELISA are expected to increase the adoption of the product.

The growing investment in developing nations is creating new opportunities for this market, along with a new range of condition-specific markers, sophisticated genomes, and proteomics-based assays. Such factors are propelling the growth of Latin America in-vitro diagnostics market.

Key Market Players

The major players in the market are:

  • F. Hoffmann-La Roche Ltd
  • Becton
  • Dickinson and Company
  • Bio-Rad Laboratories, Inc.
  • bioMérieux SA
  • WAMA Diagnóstica
  • others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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