Latin America Covid-19 Diagnostics Market Size & Outlook
Latin America covid-19 diagnostics market, 2020-2030 (US$M)
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Latin America covid-19 diagnostics market highlights
- The Latin America covid-19 diagnostics market generated a revenue of USD 952.4 million in 2023.
- The market is expected to grow at a CAGR of -15.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 952.4 million |
| Market revenue in 2030 | USD 282.6 million |
| Growth rate | -15.9% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 2.9% of the global covid-19 diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 282.6 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 67.44% in 2023. Horizon Databook has segmented the Latin America covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
In May 2020, WHO stated Latin America to be a major region of 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 now produce up to 100,000 testing kits every month. Brazil and Mexico obtained 135 000 testing kits from China. The strategies used by governments to identify, track down, 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 at a global level 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America covid-19 diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America covid-19 diagnostics market size, by country, 2020-2030 (US$M)
Latin America COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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