Latin America Oncology Based Molecular Diagnostics Market Size & Outlook
Latin America oncology based molecular diagnostics market, 2018-2030 (US$M)
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Latin America oncology based molecular diagnostics market highlights
- The Latin America oncology based molecular diagnostics market generated a revenue of USD 132.7 million in 2023.
- The market is expected to grow at a CAGR of 15.7% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 132.7 million |
| Market revenue in 2030 | USD 367.7 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Instruments |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments |
| Key market players worldwide | Abbott Laboratories, Bayer AG, BD, Agilent Technologies Inc, Danaher Corp, Hologic Inc, Qiagen NV, Roche, Siemens AG, Sysmex Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global oncology based molecular diagnostics market in 2023.
- 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 1,689.5 million by 2030.
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Oncology based Molecular Diagnostics Market Scope
Oncology based Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America oncology based molecular 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 oncology based molecular diagnostics market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America oncology based molecular diagnostics market based on instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The epidemiology studies conducted by The Lancet Oncology estimates an alarming increase in the incidence of cancer in Latin America. Although incidence rate in this region is expected to be lower than that in the U.S. and Europe, mortality rate is almost twofold.
Studies reveal that in Latin America, the major causes of mortality are prostate cancer followed by lung, stomach, and colorectal cancer in men, and breast cancer, stomach cancer, cervical, and lung cancer in women. Technological developments are expected to contribute to the market.
Increasing government spending, presence of skilled healthcare professionals, rising focus of multinational pharmaceutical companies, and increase in patient awareness levels are expected to drive the market over the forecast period.
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Target buyers of Latin America oncology based molecular diagnostics market databook
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Our clientele includes a mix of oncology based molecular 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 oncology based molecular diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America oncology based molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America oncology based molecular diagnostics market
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