Argentina Lateral Flow Assays Market Size & Outlook
Argentina lateral flow assays market, 2018-2030 (US$M)
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Argentina lateral flow assays market highlights
- The Argentina lateral flow assays market generated a revenue of USD 144.5 million in 2023 and is expected to reach USD 209.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 144.5 million |
| Market revenue in 2030 | USD 209.7 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global lateral flow assays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil lateral flow assays market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 302.0 million by 2030.
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Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina lateral flow assays 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 lateral flow assays market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 67.2% in 2023. Horizon Databook has segmented the Argentina lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in prevalence of AIDS in Argentina is expected to boost the market during the forecast period. According to a report published by UNAIDS, in 2020, there were more than 140 thousand adults and children living with HIV in the country.
Moreover, about 5600 new cases were detected in 2020, while over 1400 people died due to the disease. Therefore, a high prevalence of HIV/AIDS is anticipated to fuel the demand for testing. Furthermore, growing awareness campaigns in Argentina are expected to fuel market growth during the forecast period.
The hosts NGOs such as Fundación Huésped, an AIDS awareness group, that designs awareness campaigns about the disease in Argentina. These campaigns are supported by PR, social media, TV, and radio outlets, which collectively drive awareness in the country. Such initiatives can significantly boost the market growth in Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into Argentina lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina lateral flow assays market size, by product, 2018-2030 (US$M)
Argentina Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
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