Latin America Infectious Respiratory Disease Diagnostics Market Size & Outlook
Latin America infectious respiratory disease diagnostics market, 2018-2030 (US$M)
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Latin America infectious respiratory disease diagnostics market highlights
- The Latin America infectious respiratory disease diagnostics market generated a revenue of USD 2.8 million in 2024.
- The market is expected to grow at a CAGR of 4.3% from 2025 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2024.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 2.8 million |
| Market revenue in 2030 | USD 3.6 million |
| Growth rate | 4.3% (CAGR from 2024 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Instruments |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Koninklijke Philips NV, BD, BioMerieux SA, Bio-Rad Laboratories Inc, QuidelOrtho Corp, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV, Roche |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global infectious respiratory disease diagnostics 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 16.7 million by 2030.
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Infectious Respiratory Disease Diagnostics Market Scope
Infectious Respiratory Disease Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America infectious respiratory disease 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 infectious respiratory disease diagnostics market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Latin America infectious respiratory disease diagnostics market based on instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Technological developments are expected to contribute to market growth. In addition, increase in government spending, presence of skilled healthcare professionals, rise in focus of multinational diagnostics companies on the development of advanced & novel IVD products, and increase in patient awareness levels are likely to drive the growth of the infectious respiratory disease diagnostics market in Latin America.
Low awareness about prevention & treatment of infectious diseases in undeveloped areas, high cost of treatment, and lack of favorable reimbursement policies are some of the key factors restraining market growth.
However, rising disposable income and growing consumer awareness are a few factors promoting market growth. Latin America is expected grow at a healthy rate owing to the government initiatives in the case of regulations and reimbursement of the lab tests.
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Target buyers of Latin America infectious respiratory disease diagnostics market databook
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Our clientele includes a mix of infectious respiratory disease 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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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 infectious respiratory disease diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America infectious respiratory disease diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America infectious respiratory disease diagnostics market
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