Brazil Blood Testing Market Size & Outlook, 2023-2030
Brazil blood testing market, 2018-2030 (US$M)
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Brazil blood testing market highlights
- The Brazil blood testing market generated a revenue of USD 2,640.9 million in 2023 and is expected to reach USD 4,300.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, glucose testing was the largest revenue generating test type in 2023.
- Glucose testing is the most lucrative test type segment registering the fastest growth during the forecast period.
Blood testing market data book summary
| Market revenue in 2023 | USD 2,640.9 million |
| Market revenue in 2030 | USD 4,300.8 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Glucose testing |
| Fastest growing segment | Glucose testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glucose testing, A1C testing, Direct LDL testing, Lipid panel testing, Prostate-specific antigen testing, COVID-19 testing, BUN testing, Vitamin D testing, Thyroid-stimulating hormone testing, Serum Nicotine / Cotinine testing, High sensitivity CRP testing, Testosterone testing, ALT testing, Cortisol testing, Creatinine testing, AST testing, Other blood tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG ADR, Bio-Rad Laboratories Inc, BioMerieux SA, Quest Diagnostics Inc, Biomerica Inc, Becton Dickinson & Co, Siemens Healthineers AG ADR, Danaher Corp, Trinity Biotech PLC ADR |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.7% of the global blood testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil blood testing market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2,005.6 million by 2030.
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Blood Testing Market Scope
Blood Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil blood testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood testing market will help companies and investors design strategic landscapes.
Glucose testing was the largest segment with a revenue share of 15.21% in 2023. Horizon Databook has segmented the Brazil blood testing market based on glucose testing, a1c testing, direct ldl testing, lipid panel testing, prostate-specific antigen testing, covid-19 testing, bun testing, vitamin d testing, thyroid-stimulating hormone testing, serum nicotine / cotinine testing, high sensitivity crp testing, testosterone testing, alt testing, cortisol testing, creatinine testing, ast testing, other blood tests covering the revenue growth of each sub-segment from 2018 to 2030.
Non-communicable diseases have become a major health priority in Brazil. These diseases accounted for over 74% of all deaths in 2018. As per WHO, approximately 1,320,000 deaths due to noncommunicable diseases were recorded in Brazil in 2018.
Recently, there has been a decline in the incidence of cardiovascular & chronic respiratory diseases, owing to successful implementation of various health policies that have led to increase in access to primary healthcare and decrease in the number of smokers.
The prevalence of hypertension and diabetes is increasing gradually, which is associated with unfavorable changes in lifestyle, including diet choices and low physical activity. Brazil has implemented a few major policies to prevent non-communicable diseases.
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Our clientele includes a mix of blood testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil blood testing market , including forecasts for subscribers. This country databook contains high-level insights into Brazil blood testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil blood testing market size, by test type, 2018-2030 (US$M)
Brazil Blood Testing Market Outlook Share, 2023 & 2030 (US$M)
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