Latin America Neglected Tropical Diseases Diagnosis Market Size & Outlook
Latin America neglected tropical diseases diagnosis market, 2018-2030 (US$M)
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Latin America neglected tropical diseases diagnosis market highlights
- The Latin America neglected tropical diseases diagnosis market generated a revenue of USD 1,875.3 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, soil-transmitted helminthiases was the largest revenue generating disease in 2023.
- Chagas disease is the most lucrative disease segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,875.3 million |
| Market revenue in 2030 | USD 2,709.9 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Soil-transmitted helminthiases |
| Fastest growing segment | Chagas disease |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dengue, Chikungunya, Rabies, Leprosy, Buruli ulcer, Yaws, Lymphatic Filariasis, Taeniasis/Cysticercosis, Foodborne Trematode Infections, Echinococcosis, Chagas disease, Dracunculiasis, Human African Trypanosomiasis (sleeping sickness), Soil-transmitted Helminthiases, Onchocerciasis, Schistosomiasis, Scabies and Other Ecoparasites, Snakebite Envenoming, Leishmaniases |
| Key market players worldwide | Roche, Abbott Laboratories, Thermo Fisher Scientific Inc, Eurobio-Scientific, Omega Laboratories, Avacta Group PLC, Oscar Health Inc Class A, ZeptoMetrix, InBios, DiaSys Diagnostic Systems |
Other key industry trends
- In terms of revenue, Latin America region accounted for 28.5% of the global neglected tropical diseases diagnosis market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,709.9 million by 2030.
Key Regions: Brazil , U.S. , UK , Colombia , Venezuela
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Neglected Tropical Diseases Diagnosis Market Scope
Neglected Tropical Diseases Diagnosis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America neglected tropical diseases diagnosis 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 neglected tropical diseases diagnosis market will help companies and investors design strategic landscapes.
Soil-transmitted helminthiases was the largest segment with a revenue share of 9.89% in 2023. Horizon Databook has segmented the Latin America neglected tropical diseases diagnosis market based on dengue, chikungunya, rabies, leprosy, buruli ulcer, yaws, lymphatic filariasis, taeniasis/cysticercosis, foodborne trematode infections, echinococcosis, chagas disease, dracunculiasis, human african trypanosomiasis (sleeping sickness), soil-transmitted helminthiases, onchocerciasis, schistosomiasis, scabies and other ecoparasites, snakebite envenoming, leishmaniases covering the revenue growth of each sub-segment from 2018 to 2030.
Technological developments in NTD diagnostics, such as usage of multiplex PCR & point-of-care diagnostic tests, are expected to contribute to market growth.
In addition, increase in government spending, presence of skilled healthcare professionals, rise in focus of multinational diagnostic companies on development of advanced & novel IVD products, and increase in patient awareness are among factors likely to drive market growth in Latin America.
However, low awareness about prevention & treatment of infectious diseases in underdeveloped areas and lack of favorable reimbursement policies are some of the key factors restraining market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America neglected tropical diseases diagnosis market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America neglected tropical diseases diagnosis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America neglected tropical diseases diagnosis market size, by country, 2018-2030 (US$M)
Latin America Neglected Tropical Diseases Diagnosis Market Outlook Share, 2023 & 2030 (US$M)
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