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Chile In-Vitro Diagnostics Market

Chile In-Vitro Diagnostics Market Size, Growth, Forecast: By Product and Services: Reagents and Kits, Instruments, Software and Services; By Test: Clinical Chemistry, Molecular Diagnostics, Immunodiagnostics, Haematology, Others; By Therapeutic Area: Oncology, Infectious Diseases, Others; By End User; Competitive Landscape; 2024-2032

Chile In-Vitro Diagnostics Market Outlook

The Chile in-vitro diagnostics market size was approximately USD 799.46 million in 2023. The market is assessed to grow at a CAGR of 4.60% between 2024 and 2032, reaching a value of USD 1195.61 million by 2032.

 

Key Takeaways

  • The in-vitro diagnostics sector is currently experiencing a revolution, driven by the emergence of next-generation sequencing, the development of biosensors, and advancements in digital health and wearable technologies.
  • There is an increasing need for in-vitro diagnostics among the elderly and overweight individuals suffering from cardiovascular and metabolic issues, as well as diabetes.
  • The notable trends in the market include point-of-care testing, automation and digitalisation, and the concept of personalised medicine.

 

As per the Chile in-vitro diagnostics market analysis, the rapid increase in the geriatric and obese population in the country has led to a higher demand for diagnostic tests. Additionally, the population's increased vulnerability to cardiovascular and metabolic disorders has further fuelled the demand for necessary tests and treatments. The prevalence of chronic diseases such as cancer has been on the rise due to unhealthy eating habits among the younger generation and adverse environmental conditions. This has created a need for more advanced diagnostic tools and procedures, which has contributed to the expansion of the in-vitro diagnostics market.

 

The market is greatly influenced by the enhancement of health services and facilities in the country. This factor plays a crucial role in improving healthcare outcomes for patients. The trend towards home sampling and point-of-care diagnosis, along with the availability of rapid test results, has significantly streamlined diagnostic and treatment procedures. This enables healthcare professionals to promptly determine the appropriate course of action or treatment. Moreover, the rising popularity of clinical chemistry tests for identifying diabetes and anaemia is enhancing the Chile in-vitro diagnostics market share.

 

Furthermore, the development of robust diagnostics facilities in Chile is essential to address the needs of the population. In 2021, there was a 12.7% prevalence of diabetes among adults, with a total of 1,747,100 cases in Chile. The country is witnessing a rise in type 2 diabetes among its adult population, prompting a focus on diagnosis and treatment through universal healthcare coverage, particularly emphasising the clinical aspects of the disease. Therefore, timely diagnosis and preventive measures are crucial in managing the disease effectively. Conventional biosensors like glucose meters and glycohemoglobin test kits are commonly utilised for in vitro testing due to their direct relevance to diabetes diagnosis and long-term care.

 

Chile In-Vitro Diagnostics Market

 

Market Segmentation

Chile In-Vitro Diagnostics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Product and Services

  • Reagents and Kits
  • Instruments
  • Software and Services

 

Market Breakup by Test

  • Clinical Chemistry
  • Molecular Diagnostics
  • Immunodiagnostics
  • Haematology
  • Others

 

Market Breakup by Therapeutic Area

  • Oncology
  • Infectious Diseases
  • Diabetes
  • Cardiology
  • Autoimmune Diseases
  • Others

 

Market Breakup by End User

  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Academic and Research Institutes
  • Others

 

Competitive Landscape

In order to gain a competitive edge, the market players are increasingly focusing on incorporating advanced technologies into in-vitro diagnostics and laboratory tests.

 

  • Abbott Laboratories
  • bioMérieux SA
  • F. Hoffmann-La Roche Ltd
  • Sysmex Corporation
  • Thermo Fisher Scientific Inc.
  • WAMA Diagnóstica
  • Becton, Dickinson and Company
  • Bio-Rad Laboratories, Inc
  • Stevanato Group.
  • Siemens Healthcare GmbH
  • Others

 

Key Highlights of the Report

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:

  • Product and Services
  • Test
  • Application
  • End User
Breakup by Product and Services
  • Reagents and Kits
  • Instruments
  • Software and Services
Breakup by Test
  • Clinical Chemistry
  • Molecular Diagnostics
  • Immunodiagnostics
  • Haematology
  • Others
Breakup by Therapeutic Area
  • Oncology
  • Infectious Diseases
  • Diabetes
  • Cardiology
  • Autoimmune Diseases
  • Others
Breakup by End User
  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Academic and Research Institutes
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Abbott Laboratories
  • bioMérieux SA
  • F. Hoffmann-La Roche Ltd
  • Sysmex Corporation
  • Thermo Fisher Scientific Inc.
  • WAMA Diagnóstica
  • Becton, Dickinson and Company
  • Bio-Rad Laboratories, Inc
  • Stevanato Group.
  • Siemens Healthcare GmbH
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
7    Opportunities and Challenges in the Market
8    Chile In-Vitro Diagnostics Market Overview

    8.1    Key Industry Highlights
    8.2    Chile In-Vitro Diagnostics Historical Market (2017-2023) 
    8.3    Chile In-Vitro Diagnostics Market Forecast (2024-2032)
9    Chile In-Vitro Diagnostics Market by Product and Services
    9.1    Reagents and Kits
        9.1.1    Historical Trend (2017-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Instruments
        9.2.1    Historical Trend (2017-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Software and Services
        9.3.1    Historical Trend (2017-2023)
        9.3.2    Forecast Trend (2024-2032)
10    Chile In-Vitro Diagnostics Market by Test
    10.1    Clinical Chemistry
        10.1.1    Historical Trend (2017-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Molecular Diagnostics
        10.2.1    Historical Trend (2017-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Immunodiagnostics
        10.3.1    Historical Trend (2017-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Haematology
        10.4.1    Historical Trend (2017-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Chile In-Vitro Diagnostics Market by Therapeutic Area
    11.1    Oncology 
        11.1.1    Historical Trend (2017-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Infectious Diseases
        11.2.1    Historical Trend (2017-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Diabetes
        11.3.1    Historical Trend (2017-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Cardiology
        11.4.1    Historical Trend (2017-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Autoimmune Diseases
        11.5.1    Historical Trend (2017-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Chile In-Vitro Diagnostics Market by End User  
    12.1    Hospitals and Clinics 
        12.1.1    Historical Trend (2017-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Diagnostic Laboratories
        12.2.1    Historical Trend (2017-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Academic and Research Institutes
        12.3.1    Historical Trend (2017-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyer’s Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Demand
    13.4    Key Indicators for Price
14    Competitive Landscape  
    14.1    Market Structure
    14.2    Company Profiles 
        14.2.1    Abbott Laboratories
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    bioMérieux SA
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    F. Hoffmann-La Roche Ltd
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Sysmex Corporation
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Thermo Fisher Scientific Inc. 
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    WAMA Diagnóstica 
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Becton, Dickinson and Company
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Bio-Rad Laboratories, Inc
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    Stevanato Group.
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    Siemens Healthcare GmbH
            14.2.10.1    Company Overview
            14.2.10.2    Product Portfolio
            14.2.10.3    Demographic Reach and Achievements
            14.2.10.4    Certifications
        14.2.11    Others   
15    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Chile In-Vitro Diagnostics Market: Key Industry Highlights, 2017 and 2032
2.    Chile In-Vitro Diagnostics Historical Market: Breakup by Product and Services (USD Million), 2017-2023
3.    Chile In-Vitro Diagnostics Market Forecast: Breakup by Product and Services (USD Million), 2024-2032
4.    Chile In-Vitro Diagnostics Historical Market: Breakup by Test (USD Million), 2017-2023
5.    Chile In-Vitro Diagnostics Market Forecast: Breakup by Test (USD Million), 2024-2032
6.    Chile In-Vitro Diagnostics Historical Market: Breakup by Application (USD Million), 2017-2023
7.    Chile In-Vitro Diagnostics Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Chile In-Vitro Diagnostics Historical Market: Breakup by End User (USD Million), 2017-2023
9.    Chile In-Vitro Diagnostics Market Forecast: Breakup by End User (USD Million), 2024-2032
10.    Chile In-Vitro Diagnostics Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 799.46 million.

The market is estimated to grow at a CAGR of 4.60% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1195.61 million by 2032.

The rise in chronic diseases, the introduction of innovative diagnostic tools, and the rapid growth of the elderly and obese population in Chile are the primary drivers behind the expansion of the in-vitro diagnostics market.

The improvement in healthcare services and the increasing popularity of private and home-based sampling methods are the key trends shaping the growth of the in-vitro diagnostic market in Chile.

The major products and services offered in the market are reagents and kits, instruments, and software and services.

The major end users in the market are hospitals and clinics, diagnostic laboratories, and academic and research institutes, among others.

The major players in the market are Abbott Laboratories, bioMérieux SA, F. Hoffmann-La Roche Ltd, Sysmex Corporation, Thermo Fisher Scientific Inc., WAMA Diagnóstica, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc, Stevanato Group., and Siemens Healthcare GmbH, among others.

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