Latin America Multi Cancer Early Detection Market Size & Outlook
Latin America multi cancer early detection market, 2018-2030 (US$M)
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Latin America multi cancer early detection market highlights
- The Latin America multi cancer early detection market generated a revenue of USD 52.3 million in 2022.
- The market is expected to grow at a CAGR of 9.3% from 2023 to 2030.
- In terms of segment, gene panel, ldt & others was the largest revenue generating type in 2022.
- Gene Panel, LDT & Others is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 52.3 million |
| Market revenue in 2030 | USD 106.9 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Gene panel, ldt & others |
| Fastest growing segment | Gene Panel, LDT & Others |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gene Panel, LDT & Others |
| Key market players worldwide | Illumina Inc, Exact Sciences Corp, Foundation Medicine, Guardant Health Inc, Burning Rock Biotech Ltd ADR, Freenome, AnchorDx, GeneCast, Elypta |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global multi cancer early detection market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,289.6 million by 2030.
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Multi Cancer Early Detection Market Scope
Multi Cancer Early Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America multi cancer early detection 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 multi cancer early detection market will help companies and investors design strategic landscapes.
Gene panel, ldt & others was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the Latin America multi cancer early detection market based on gene panel, ldt & others covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America MCED market has exhibited significant growth in the past few years owing to increased prevalence of various types of cancer in the region. Several surveys by various government and nonprofit organizations revealed that overall cancer mortality in Latin America is almost twice that of high-income countries.
Moreover, according to data published by the European Society for Medical Oncology, there have been approximately 1.5 million new cancer cases and 700,000 deaths reported in Latin America and the Caribbean region annually. These factors are expected to contribute to market growth during the forecast period.
In the past few years, Latin America has witnessed rapid growth in cancer screening techniques, along with other cancer detection methods, owing to increasing funding and implementation of various cancer programs.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America multi cancer early detection market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America multi cancer early detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America multi cancer early detection market size, by country, 2018-2030 (US$M)
Latin America Multi Cancer Early Detection Market Outlook Share, 2022 & 2030 (US$M)
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