Argentina Clinical Laboratory Tests Market Size & Outlook
Argentina clinical laboratory tests market, 2018-2030 (US$M)
Related Markets
Argentina clinical laboratory tests market highlights
- The Argentina clinical laboratory tests market generated a revenue of USD 755.8 million in 2023 and is expected to reach USD 1,549.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, hba1c tests was the largest revenue generating type in 2023.
- HGB/HCT tests is the most lucrative type segment registering the fastest growth during the forecast period.
Clinical laboratory tests market data book summary
| Market revenue in 2023 | USD 755.8 million |
| Market revenue in 2030 | USD 1,549.9 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Hba1c tests |
| Fastest growing segment | HGB/HCT tests |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Complete blood count, HGB/HCT tests, Basic metabolic panel, BUN creatinine tests, Electrolytes testing, HbA1c tests, Comprehensive metabolic panel tests, Liver panel tests, Renal panel tests, Lipid panel tests |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, Labcorp Holdings Inc, ARUP Laboratories, OPKO Health Inc, Clinical Reference Laboratory, Sonic Healthcare Ltd, Cinven, Unilabs |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.7% of the global clinical laboratory tests market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil clinical laboratory tests market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,855.1 million by 2030.
Hba1c tests was the largest segment with a revenue share of 12.4% in 2023. Horizon Databook has segmented the Argentina clinical laboratory tests market based on complete blood count, hgb/hct tests, basic metabolic panel, bun creatinine tests, electrolytes testing, hba1c tests, comprehensive metabolic panel tests, liver panel tests, renal panel tests, lipid panel tests covering the revenue growth of each sub-segment from 2018 to 2030.
Biotechnology and pharmaceutical industries prefer Argentina for clinical research due to easy patient recruitment. Moreover, people in Argentina do not have health coverage and in some cases, very limited access to basic healthcare. Hence, there are many treatment-naïve patients to recruit for clinical trials.
The ANMAT sites also reduce the overhead of recruiting & managing clinical trials. This is expected to improve the clinical laboratory tests for clinical trials and drug development. The high burden of diseases has increased the interest of hospitals in launching clinical laboratories in the country.
For instance, in February 2023, Tenaris, a manufacturer of pipes, along with San Jose Municipal Hospital in Campana, launched a new laboratory in the country to improve the capability of testing in Argentina. Such initiatives are expected to support the market growth in Argentina and make the market in the country competitive.
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Clinical Laboratory Tests Market Scope
Clinical Laboratory Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina clinical laboratory tests market size, by type, 2018-2030 (US$M)
Argentina Clinical Laboratory Tests Market Outlook Share, 2023 & 2030 (US$M)
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