Latin America Covid-19 Sample Collection Kits Market Size & Outlook
Latin America covid-19 sample collection kits market, 2020-2030 (US$M)
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Latin America covid-19 sample collection kits market highlights
- The Latin America covid-19 sample collection kits market generated a revenue of USD 537.3 million in 2022.
- The market is expected to grow at a CAGR of -16.9% from 2023 to 2030.
- In terms of segment, swabs was the largest revenue generating product in 2022.
- Swabs is the most lucrative product 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 537.3 million |
| Market revenue in 2030 | USD 122.4 million |
| Growth rate | -16.9% (CAGR from 2022 to 2030) |
| Largest segment | Swabs |
| Fastest growing segment | Swabs |
| Historical data covered | 2020 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Viral Transport Media, Blood Collection Kits, Other Consumables Products, Swabs |
| Key market players worldwide | Becton Dickinson & Co, Thermo Fisher Scientific Inc, Labcorp Holdings Inc, Trinity Biotech PLC ADR, QuidelOrtho Corp, Quest Diagnostics Inc, Danaher Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.2% of the global covid-19 sample collection kits market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 347.6 million by 2030.
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Covid-19 Sample Collection Kits Market Scope
Covid-19 Sample Collection Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America covid-19 sample collection 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 sample collection kits market will help companies and investors design strategic landscapes.
Swabs was the largest segment with a revenue share of 42.55% in 2022. Horizon Databook has segmented the Latin America covid-19 sample collection kits market based on viral transport media, blood collection kits, other consumables products, swabs covering the revenue growth of each sub-segment from 2020 to 2030.
Latin America region is severely affected by the SARS-CoV-2 pandemic. As a result of swift actions taken by governments of Latin American countries, the early number of COVID-19 cases in the region was lower than other regions, resulting in a lower number of tests carried out in the region. Thus, the market for sample collection kits for COVID19 has witnessed slow growth in the region.
In March 2020, Jack Ma, founder of Alibaba, supplied a range of emergency medical supplies, including 2 million masks, 400,000 test kits, and 104 ventilators to 24 Latin American countries, including Brazil, Argentina, Cuba, Chile, Dominican Republic, Ecuador, & Peru. Such initiatives are anticipated to contribute to market growth in the region.
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Our clientele includes a mix of covid-19 sample collection kits 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 covid-19 sample collection kits market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America covid-19 sample collection kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America covid-19 sample collection kits market size, by country, 2020-2030 (US$M)
Latin America Covid-19 Sample Collection Kits Market Outlook Share, 2022 & 2030 (US$M)
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