Brazil Covid-19 Diagnostics Market Size & Outlook
Brazil covid-19 diagnostics market, 2020-2030 (US$M)
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Brazil covid-19 diagnostics market highlights
- The Brazil covid-19 diagnostics market generated a revenue of USD 80.4 million in 2023 and is expected to reach USD 15.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of -20.7% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 80.4 million |
| Market revenue in 2030 | USD 15.8 million |
| Growth rate | -20.7% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.2% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina covid-19 diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 16.9 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil covid-19 diagnostics 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 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.66% in 2023. Horizon Databook has segmented the Brazil covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
Brazil accounted for around half of Latin America's total COVID-19 cases and deaths, as of April 2020. In December 2020, Brazil held the second-highest burden of the COVID-19 disease globally. Moreover, by October 2021, the country witnessed 402,220 deaths due to COVID, which was the highest in the world.
As per World meter, Brazil reported 31,963,736 СOVID-19 cases as of June 2022, accounting for 669,958 deaths. These increasing numbers of cases are expected to boost the demand for diagnostic kits in the country.
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Our clientele includes a mix of covid-19 diagnostics 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Brazil COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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