Latin America Drug Testing Market Size & Outlook
Latin America drug testing market, 2018-2030 (US$M)
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Latin America drug testing market highlights
- The Latin America drug testing market generated a revenue of USD 529.4 million in 2024.
- The market is expected to grow at a CAGR of 4% from 2025 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2024.
- Rapid Testing Devices 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 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 529.4 million |
| Market revenue in 2030 | USD 670.9 million |
| Growth rate | 4% (CAGR from 2024 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Rapid Testing Devices |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.8% of the global drug testing market in 2024.
- Globally, North America 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 3,723.6 million by 2030.
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Drug Testing Market Scope
Drug Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America drug testing 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 drug testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 34.62% in 2024. Horizon Databook has segmented the Latin America drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Latin America drug testing market can be attributed to increasing penetration of key players in the region. Several key players have established their testing laboratories in countries such as Brazil and Mexico to gain a competitive edge.
High drug consumption in several Latin American countries and increased prevalence of substance use disorder in the region are anticipated to create lucrative opportunities in the market. However, an uncertain regulatory scenario related to workplace drug testing.
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Target buyers of Latin America drug testing market databook
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Our clientele includes a mix of drug testing 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 continent-level data and insights on the Latin America drug testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America drug testing market size, by country, 2018-2030 (US$M)
Latin America Drug Testing Market Outlook Share, 2024 & 2030 (US$M)
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