Latin America Preterm Birth And Prom Testing Market Size & Outlook
Latin America preterm birth and prom testing market, 2018-2030 (US$M)
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Latin America preterm birth and prom testing market highlights
- The Latin America preterm birth and prom testing market generated a revenue of USD 81.8 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating test type in 2023.
- PAMG-1 Immunoassay is the most lucrative test type 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 81.8 million |
| Market revenue in 2030 | USD 138.7 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | PAMG-1 Immunoassay |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pelvic exam, Ultrasound, Biochemical Markers, Uterine Monitoring, Nitazine Test, Ferning Test, Pooling, PAMG-1 Immunoassay, IGFBP Test, Fetal Fibronectin (fFN) |
| Key market players worldwide | Qiagen NV, Hologic Inc, CooperSurgical, Abbott Laboratories, Biosynex, Sera Prognostics, Medix Biochemica, Clinical Innovations, NX Prenatal, IQ Products |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global preterm birth and prom 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 532.4 million by 2030.
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Preterm Birth And PROM Testing Market Scope
Preterm Birth And PROM Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America preterm birth and prom 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 preterm birth and prom testing market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 31.17% in 2023. Horizon Databook has segmented the Latin America preterm birth and prom testing market based on pelvic exam, ultrasound, biochemical markers, uterine monitoring, nitazine test, ferning test, pooling, pamg-1 immunoassay, igfbp test, fetal fibronectin (ffn) covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America region holds immense growth opportunities for the market. In developing countries of Latin America, the prevalence of preterm birth is high, which has resulted in potential demand for preterm birth testing.
Such factors are anticipated to drive the market growth in the region. Improved healthcare reimbursement framework in the region has facilitated access to proper healthcare services for poor population.
Rising awareness about various aspects of prenatal and obstetric care is also driving the market growth in the region. Growing healthcare expenditure is also another factor boosting the market growth in Latin America. Major countries considered under Latin America include Brazil, Mexico, and Argentina.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America preterm birth and prom testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America preterm birth and prom testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America preterm birth and prom testing market size, by country, 2018-2030 (US$M)
Latin America Preterm Birth And PROM Testing Market Outlook Share, 2023 & 2030 (US$M)
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