Brazil Point-of-care Glucose Testing Market Size & Outlook
Brazil point-of-care glucose testing market, 2018-2030 (US$M)
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Brazil point-of-care glucose testing market highlights
- The Brazil point-of-care glucose testing market generated a revenue of USD 55.7 million in 2023 and is expected to reach USD 70.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, accu-chek inform ii was the largest revenue generating product in 2023.
- Freestyle Lite is the most lucrative product segment registering the fastest growth during the forecast period.
Point-of-care glucose testing market data book summary
| Market revenue in 2023 | USD 55.7 million |
| Market revenue in 2030 | USD 70.5 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Accu-chek inform ii |
| Fastest growing segment | Freestyle Lite |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accu Check Aviva Meter, Onetouch Verio Flex, I-STAT, Freestyle Lite, Bayer CONTOUR blood glucose monitoring system, True Metrix, Accu-Chek Inform II, StatStrip |
| Key market players worldwide | Roche, Abbott Laboratories, Nipro Corp, Nova Biomedical, ACON Laboratories, Bayer AG, EKF Diagnostics Holdings PLC |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global point-of-care glucose testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil point-of-care glucose testing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 70.5 million by 2030.
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Point-of-Care Glucose Testing Market Scope
Point-of-Care Glucose Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil point-of-care glucose testing 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 point-of-care glucose testing market will help companies and investors design strategic landscapes.
Accu-chek inform ii was the largest segment with a revenue share of 20.65% in 2023. Horizon Databook has segmented the Brazil point-of-care glucose testing market based on accu check aviva meter, onetouch verio flex, i-stat, freestyle lite, bayer contour blood glucose monitoring system, true metrix, accu-chek inform ii, statstrip covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil, being the fifth largest country in the world and most developed in Latin America, is a potential market for POC diagnostic products. Healthcare reforms such as Unified Health System (SUS) in Brazil are estimated to boost the usage rates of POC devices.
Moreover, various initiatives being undertaken by companies in the country to develop efficient POC diagnostic tests are expected to drive the market growth in the coming years. According to International Diabetes Federation, there were around 16.7 million people suffering from diabetes, with prevalence rate of 11.4%, in 2019.
Brazil has the most structured healthcare system. Availability of free solutions used to treat diabetes such as test strips, syringes, and glucose monitors in the country is expected to boost the market.
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Our clientele includes a mix of point-of-care glucose testing 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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil point-of-care glucose testing market , including forecasts for subscribers. This country databook contains high-level insights into Brazil point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil point-of-care glucose testing market size, by product, 2018-2030 (US$M)
Brazil Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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