Latin America Covid-19 Detection Poc Kits Market Size & Outlook
Latin America covid-19 detection poc kits market, 2020-2030 (US$M)
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Latin America covid-19 detection poc kits market highlights
- The Latin America covid-19 detection poc kits market generated a revenue of USD 301.2 million in 2022.
- The market is expected to grow at a CAGR of -3.5% from 2023 to 2030.
- In terms of segment, nasopharyngeal (np) swab was the largest revenue generating type in 2022.
- Oropharyngeal (OP) swab is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 301.2 million |
| Market revenue in 2030 | USD 226.9 million |
| Growth rate | -3.5% (CAGR from 2022 to 2030) |
| Largest segment | Nasopharyngeal (np) swab |
| Fastest growing segment | Oropharyngeal (OP) swab |
| Historical data covered | 2020 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nasopharyngeal (NP) swab, Oropharyngeal (OP) swab, Nasal Swabs, Saliva |
| Key market players worldwide | Abbott Laboratories, Mylab Discovery Solutions, Converge Technology Solutions Corp, Thermo Fisher Scientific Inc, Roche, Danaher Corp, Birks Group Inc Class A, Cue Health Inc, Quest Diagnostics Inc, SD Biosensor |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.6% of the global covid-19 detection poc kits market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 818.3 million by 2030.
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COVID-19 Detection PoC Kits Market Scope
COVID-19 Detection PoC Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America covid-19 detection poc kits 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 covid-19 detection poc kits market will help companies and investors design strategic landscapes.
Nasopharyngeal (np) swab was the largest segment with a revenue share of 58.9% in 2022. Horizon Databook has segmented the Latin America covid-19 detection poc kits market based on nasopharyngeal (np) swab, oropharyngeal (op) swab, nasal swabs, saliva covering the revenue growth of each sub-segment from 2020 to 2030.
In May 2020, WHO stated Latin America to be a region of major concern, as it accounted for 40% of deaths due to COVID-19, with an overall prevalence surpassing 6.5 million cases. With government funded research universities and technology companies, some countries, including Uruguay and Argentina, locally developed testing kits.
These countries can currently produce up to 100,000 testing kits every month. Brazil and Mexico obtained 135,000 testing kits from China. Strategies used by governments to identify, track, and isolate cases strengthened over time.
Higher production and supply of testing kits in the region boosted the COVID-19 diagnostic market. Brazil witnessed a significant increase in cases and reached the second position globally in terms of cases. WHO’s statements regarding the spike in prevalence in the country significantly fueled the demand for diagnostic tests.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America covid-19 detection poc kits market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America covid-19 detection poc kits market size, by country, 2020-2030 (US$M)
Latin America COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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