Latin America Chemiluminescence Immunoassay Market Size & Outlook
Latin America chemiluminescence immunoassay market, 2016-2028 (US$M)
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Latin America chemiluminescence immunoassay market highlights
- The Latin America chemiluminescence immunoassay market generated a revenue of USD 445.5 million in 2020.
- The market is expected to grow at a CAGR of 8.4% from 2021 to 2028.
- In terms of segment, consumables was the largest revenue generating product & services in 2020.
- Consumables is the most lucrative product & services segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 445.5 million |
| Market revenue in 2028 | USD 852.4 million |
| Growth rate | 8.4% (CAGR from 2020 to 2028) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Software & Services |
| Key market players worldwide | Diasorin SpA, Abbott Laboratories, Siemens Healthineers AG ADR, QuidelOrtho Corp, shenzhen mindray automation equipment co., Immunodiagnostic Systems, Beckman Coulter, Roche Holding AG ADR, Roche, Inova Diagnostics, Maccura |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global chemiluminescence immunoassay market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,286.0 million by 2028.
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Chemiluminescence Immunoassay Market Scope
Chemiluminescence Immunoassay Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America chemiluminescence immunoassay 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 chemiluminescence immunoassay market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 66.17% in 2020. Horizon Databook has segmented the Latin America chemiluminescence immunoassay market based on consumables, instruments, software & services covering the revenue growth of each sub-segment from 2016 to 2028.
The growth of Latin America chemiluminescence immunoassay market can be attributed to high incidence of life-threatening diseases, such as cancer, cardiovascular diseases, & infectious diseases, including the outbreak of COVID-19, in key countries such as Brazil, Argentina, & Mexico.
As per GLOBOCAN, in 2020, around 1,470,274 new cases of cancer were diagnosed in Latin America and the Caribbean region, which led to around 713,414 deaths. Brazil dominates this region in terms of market size.
This dominance can be attributed to the presence of a large target population and increasing entry of leading players with their innovative CLIA solutions. However, low affordability and adoption of advanced CLIA solutions in underdeveloped economies of the region is expected to hinder growth over the forecast period.
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Our clientele includes a mix of chemiluminescence immunoassay market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America chemiluminescence immunoassay market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America chemiluminescence immunoassay market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America chemiluminescence immunoassay market size, by country, 2016-2028 (US$M)
Latin America Chemiluminescence Immunoassay Market Outlook Share, 2020 & 2028 (US$M)
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