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Latin America In-Vitro Diagnostics Market Size, Forecast: By Product and Services: Reagents and Kits, Instruments, Software and Services; By Technology: Infectious Diseases, Clinical Chemistry, Molecular Diagnostics, Haematology, Microbiology, Others; By Application; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Latin America In-vitro Diagnostics Market Outlook
The Latin America in-vitro diagnostics market grew a CAGR of 17.9% during the period 2018-2023. 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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Market Likely to be Driven by Advancements in Technology and Demand for Quality Medical Care
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.
Leading Companies Offering Advanced Solutions Expected to Boost Market Growth
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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Market Segmentation
By product and services, the Latin America In-vitro diagnostics market is divided into:
- Reagents and Kits
- Instruments
- Software and Services
By technology, the market is classified into:
- Infectious Diseases (further broken down by type as given below)
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Enzyme-Linked Immunospot (ELISPOT)
- Rapid Tests
- Radioimmunoassay (RIA)
- Western Blotting
- Others
- Clinical Chemistry (further broken down by type as given below)
- Basic Metabolic Panels
- Liver Panels
- Renal Profiles
- Lipid Profiles
- Thyroid Function Panels
- Electrolyte Panels
- Specialty Chemical Tests
- Others
- Molecular Diagnostics (further broken down by type as given below)
- Polymerize Chain Reaction (PCR)
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Hybridisation
- DNA Diagnostics
- Microarray
- Others
- Haematology
- Microbiology
- Coagulation and Haemostasis
- Urinalysis
- Others
By application, the market is classified into:
- 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
By country, the market is classified into:
- Brazil
- Argentina
- Mexico
- Chile
- Peru
- Uruguay
- Others
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Key Industry Players in the Market
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:
- F. Hoffmann-La Roche Ltd
- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- bioMérieux SA
- WAMA Diagnóstica
- Others
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.
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:
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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. |
*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
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Latin America In-Vitro Diagnostics Market Analysis
8.1 Key Industry Highlights
8.2 Latin America In-Vitro Diagnostics Historical Market (2018-2023)
8.3 Latin America In-Vitro Diagnostics Market Forecast (2024-2032)
8.4 Latin America In-Vitro Diagnostics Market by Product and Services
8.4.1 Reagents and Kits
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Instruments
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Software and Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Latin America In-Vitro Diagnostics Market by Technology
8.5.1 Infectious Diseases
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Enzyme-Linked Immunosorbent Assay (ELISA)
8.5.1.3.2 Enzyme-Linked Immunospot (ELISPOT)
8.5.1.3.3 Rapid Tests
8.5.1.3.4 Radioimmunoassay (RIA)
8.5.1.3.5 Western Blotting
8.5.1.3.6 Others
8.5.2 Clinical Chemistry
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Basic Metabolic Panels
8.5.2.3.2 Liver Panels
8.5.2.3.3 Renal Profiles
8.5.2.3.4 Lipid Profiles
8.5.2.3.5 Thyroid Function Panels
8.5.2.3.6 Electrolyte Panels
8.5.2.3.7 Specialty Chemical Tests
8.5.2.3.8 Others
8.5.3 Molecular Diagnostics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Breakup by Type
8.5.3.3.1 Polymerize Chain Reaction (PCR)
8.5.3.3.2 Isothermal Nucleic Acid Amplification Technology (INAAT)
8.5.3.3.3 Hybridisation
8.5.3.3.4 DNA Diagnostics
8.5.3.3.5 Microarray
8.5.3.3.6 Others
8.5.4 Haematology
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Microbiology
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Coagulation and Haemostasis
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Urinalysis
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Latin America In-Vitro Diagnostics Market by Application
8.6.1 Infectious Diseases
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Diabetes
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Oncology
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Cardiology
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Drug Testing/Pharmacogenomics
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 HIV/Aids
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Autoimmune Diseases
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Nephrology
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Others
8.7 Latin America In-Vitro Diagnostics Market by End Use
8.7.1 Hospital and Clinics
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Diagnostic Laboratories
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Point-Of-Care Testing
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Academic Institutes
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Latin America In-Vitro Diagnostics Market by Country
8.8.1 Brazil
8.8.2 Argentina
8.8.3 Mexico
8.8.4 Chile
8.8.5 Peru
8.8.6 Uruguay
8.8.7 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Argentina
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mexico
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Chile
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Peru
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Uruguay
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 F. Hoffmann-La Roche Ltd
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Becton, Dickinson and Company
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Bio-Rad Laboratories, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 bioMérieux SA
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 WAMA Diagnóstica
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America In-Vitro Diagnostics Market: Key Industry Highlights, 2018 and 2032
2. Latin America In-Vitro Diagnostics Historical Market: Breakup by Product and Services (USD Million), 2018-2023
3. Latin America In-Vitro Diagnostics Market Forecast: Breakup by Product and Services (USD Million), 2024-2032
4. Latin America In-Vitro Diagnostics Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Latin America In-Vitro Diagnostics Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Latin America In-Vitro Diagnostics Historical Market: Breakup by Application (USD Million), 2018-2023
7. Latin America In-Vitro Diagnostics Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Latin America In-Vitro Diagnostics Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Latin America In-Vitro Diagnostics Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Latin America In-Vitro Diagnostics Historical Market: Breakup by Country (USD Million), 2018-2023
11. Latin America In-Vitro Diagnostics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America In-Vitro Diagnostics Market Structure.
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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