Latin America In Vitro Diagnostics Quality Control Market Size & Outlook
Latin America in vitro diagnostics quality control market, 2018-2030 (US$M)
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Latin America in vitro diagnostics quality control market highlights
- The Latin America in vitro diagnostics quality control market generated a revenue of USD 40.9 million in 2023.
- The market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, controls was the largest revenue generating product in 2023.
- Calibrators is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 40.9 million |
| Market revenue in 2030 | USD 52.3 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Controls |
| Fastest growing segment | Calibrators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Controls, Calibrators |
| Key market players worldwide | Siemens Healthineers AG ADR, Abbott Laboratories, Bio-Rad Laboratories Inc, Danaher Corp, Roche Holding AG ADR, Sysmex Corp, QuidelOrtho Corp, Thermo Fisher Scientific Inc, BD, Merck KGaA, Qiagen NV, Hologic Inc, Bio-Techne Corp, Randox, Helena Laboratories, Seracare Life Sciences, Fortress Diagnostics, Microbiologics, TRINA BIOREACTIVES, Cone Bioproducts, Biorex Food Diagnostics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.2% of the global in vitro diagnostics quality control 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 320.5 million by 2030.
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In Vitro Diagnostics Quality Control Market Scope
In Vitro Diagnostics Quality Control Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America in vitro diagnostics quality control 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 in vitro diagnostics quality control market will help companies and investors design strategic landscapes.
Controls was the largest segment with a revenue share of 48.41% in 2023. Horizon Databook has segmented the Latin America in vitro diagnostics quality control market based on controls, calibrators covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American region includes rapidly evolving economies, including Brazil and Mexico. Increasing R&D activities & rapid technological advancements in the region are anticipated to fuel market growth. Moreover, increasing accessibility to healthcare and diagnostic laboratories is anticipated to drive the regional market over the forecast period.
The Latin American market is expected to witness a surge in laboratories providing diagnostic solutions, which is anticipated to increase the adoption of IVD quality control in the region. The rise in private-public partnerships to promote research on effective diagnostics is expected to drive the regional market.
In addition, the demographic phenomenon of population aging is a significant trend driving market growth in the region. For instance, as per the data provided by the Economic Commission for Latin America (ECLA), as of 2022.
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Our clientele includes a mix of in vitro diagnostics quality control market companies, investment firms, advisory firms & academic institutions.
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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 in vitro diagnostics quality control market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America in vitro diagnostics quality control market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America in vitro diagnostics quality control market size, by country, 2018-2030 (US$M)
Latin America In Vitro Diagnostics Quality Control Market Outlook Share, 2023 & 2030 (US$M)
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