Latin America Primary Care Poc Diagnostics Market Size & Outlook
Latin America primary care poc diagnostics market, 2018-2030 (US$M)
Latin America primary care poc diagnostics market highlights
- The Latin America primary care poc diagnostics market generated a revenue of USD 1,379.7 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, pharmacy & retail clinics was the largest revenue generating end use in 2023.
- Pharmacy & Retail Clinics is the most lucrative end use segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,379.7 million |
| Market revenue in 2030 | USD 2,266.7 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Pharmacy & retail clinics |
| Fastest growing segment | Pharmacy & Retail Clinics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmacy & Retail Clinics |
| Key market players worldwide | Roche Holding AG ADR, BD, Danaher Corp, Abbott Laboratories, BioMerieux SA, Siemens Healthineers AG ADR, QuidelOrtho Corp, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.2% of the global primary care poc 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 5,953.7 million by 2030.
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Primary Care POC Diagnostics Market Scope
Primary Care POC Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America primary care poc 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 primary care poc diagnostics market will help companies and investors design strategic landscapes.
Pharmacy & retail clinics was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America primary care poc diagnostics market based on pharmacy & retail clinics covering the revenue growth of each sub-segment from 2018 to 2030.
Point of care tests in the current market scenario is associated with clinical diagnostics and self monitoring. POC products are used for diagnosis and monitoring of the patients’ conditions in hospitals, clinics, health assessment centers and home healthcare.
These products are usually portable and mobile devices for conducting tests at almost any location thus accelerating the rate of adoption for these products. Increasing government spending, rising focus of multinational key players of the market towards this region and increase in patient awareness levels are expected to drive the market growth over the forecast period.
Growth in economic and political stability has led to positive economic growth in Latin America thereby affecting market growth of POC diagnostics. Moreover, regular awareness campaigns are undertaken by non-government organizations to maintain the health status of population.
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Our clientele includes a mix of primary care poc diagnostics 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 primary care poc diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America primary care poc diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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