Latin America Point-of-care Glucose Testing Market Size & Outlook
Latin America point-of-care glucose testing market, 2018-2030 (US$M)
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Latin America point-of-care glucose testing market highlights
- The Latin America point-of-care glucose testing market generated a revenue of USD 184.0 million in 2023.
- The market is expected to grow at a CAGR of 3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 184.0 million |
| Market revenue in 2030 | USD 226.9 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Accu-chek inform ii |
| Fastest growing segment | Freestyle Lite |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.4% of the global point-of-care glucose testing 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 1,070.6 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 |
|---|
Latin America 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 20.43% in 2023. Horizon Databook has segmented the Latin America 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.
POC tests in the current market scenario are associated with clinical diagnostics, and self-monitoring. POC products are used for diagnosis and monitoring in hospitals, clinics, health assessment centers, and at home.
These products are usually portable and mobile for performing tests at almost any location, thus boosting the rate of adoption for these products. Increasing government spending, rising focus of key multinational market players on this region, and growing patient awareness are among factors expected to drive the market growth over the forecast period.
Economic and political stability has led to the market growth in Latin America. Moreover, awareness campaigns are being organized by nongovernment organizations to maintain the health status of the population.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America point-of-care glucose testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America point-of-care glucose testing market size, by country, 2018-2030 (US$M)
Latin America Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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