Venezuela Neglected Tropical Diseases Diagnosis Market Size & Outlook
Venezuela neglected tropical diseases diagnosis market, 2018-2030 (US$M)
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Venezuela neglected tropical diseases diagnosis market highlights
- The Venezuela neglected tropical diseases diagnosis market generated a revenue of USD 142.6 million in 2023 and is expected to reach USD 207.3 million by 2030.
- The Venezuela market is expected to grow at a CAGR of 5.5% 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.
Neglected tropical diseases diagnosis market data book summary
| Market revenue in 2023 | USD 142.6 million |
| Market revenue in 2030 | USD 207.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Soil-transmitted helminthiases |
| Fastest growing segment | Chagas disease |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Venezuela accounted for 2.2% of the global neglected tropical diseases diagnosis market in 2023.
- Country-wise, Brazil is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil neglected tropical diseases diagnosis market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 270.7 million by 2030.
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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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Venezuela 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 10.17% in 2023. Horizon Databook has segmented the Venezuela 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.
Poverty and political instability are some of the key factors that lead to increase in the incidence of NTDs in Venezuela. According to PLOS Neglected Tropical Diseases, in the last decade, NTDs, such as malaria, have increased almost threefold in the country.
This can be attributed to illegal mining operations, with influx of migrant workers living in overcrowded and unhealthy conditions. In addition, there are severe shortages of essential antimalarial drugs and preventive insecticides, which further leads to increase in disease incidence.
Similar to malaria, the prevalence of other vector-borne diseases, such as chikungunya, dengue, and Zika virus infections, is significantly increasing. Among children, dengue remains a significant cause of illness and death. Thus, rising number of NTD cases is expected to fuel market growth in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Venezuela neglected tropical diseases diagnosis market , including forecasts for subscribers. This country databook contains high-level insights into Venezuela neglected tropical diseases diagnosis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Venezuela neglected tropical diseases diagnosis market size, by disease, 2018-2030 (US$M)
Venezuela Neglected Tropical Diseases Diagnosis Market Outlook Share, 2023 & 2030 (US$M)
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