Latin America Heart Failure Poc & Loc Devices Market Size & Outlook
Latin America heart failure poc & loc devices market, 2018-2030 (US$M)
Latin America heart failure poc & loc devices market highlights
- The Latin America heart failure poc & loc devices market generated a revenue of USD 5.5 million in 2023.
- The market is expected to grow at a CAGR of 20.2% from 2024 to 2030.
- In terms of segment, proteomic testing was the largest revenue generating test type in 2023.
- Proteomic Testing is the most lucrative test type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 5.5 million |
| Market revenue in 2030 | USD 20.0 million |
| Growth rate | 20.2% (CAGR from 2023 to 2030) |
| Largest segment | Proteomic testing |
| Fastest growing segment | Proteomic Testing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Proteomic Testing |
| Key market players worldwide | Abbott Laboratories, Danaher Corp, Siemens Healthineers AG ADR, Roche, QuidelOrtho Corp, BioMerieux SA, Trinity Biotech PLC ADR, Abaxis |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global heart failure poc & loc devices market in 2023.
- 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 93.0 million by 2030.
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Heart Failure POC & LOC Devices Market Scope
Heart Failure POC & LOC Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America heart failure poc & loc devices 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 heart failure poc & loc devices market will help companies and investors design strategic landscapes.
Proteomic testing was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America heart failure poc & loc devices market based on proteomic testing covering the revenue growth of each sub-segment from 2018 to 2030.
Over the past years, the Latin American region has faced several challenges with regard to primary care. As the population continues to age, the need for providing better primary care increases. A large number of initiatives are being undertaken in the region to improve patient care in primary care settings.
Introduction of POC Day, a Latin American point-of-care meeting, aimed at increasing the adoption of POCT devices in this region. This, in turn, is expected to boost the adoption of POC tests for identification of patients at risk of heart failure.
Furthermore, presence of wide distribution network of global companies in Latin American countries such as Argentina, Brazil, and others is driving the regional market. The market is also anticipated to be benefitted by initiatives being undertaken for designing prognostic models for cardiovascular diseases to improve public health outcomes and clinical practice.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America heart failure poc & loc devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America heart failure poc & loc devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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