Argentina Rapid Medical Diagnostic Kits Market Size & Outlook
Argentina rapid medical diagnostic kits market, 2018-2030 (US$M)
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Argentina rapid medical diagnostic kits market highlights
- The Argentina rapid medical diagnostic kits market generated a revenue of USD 157.2 million in 2023 and is expected to reach USD 268.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 157.2 million |
| Market revenue in 2030 | USD 268.2 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global rapid medical diagnostic kits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil rapid medical diagnostic kits market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 268.2 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina rapid medical diagnostic kits 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 rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 63.36% in 2023. Horizon Databook has segmented the Argentina rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the prevalence of AIDS in Argentina is expected to boost the market during the forecast period. According to World Bank, in 2018, the number of adults (aged above 15) living with HIV in Argentina was estimated to be 140,000.
Some of the key demographics affected by HIV in Argentina are heterosexual men (11.4%) and prisoners (2.9%). Since 2010, HIV infections have risen by 16% and AIDS-related deaths have increased by 3%.
Therefore, rise in prevalence of HIV/AIDS is anticipated to fuel the market growth. Growing awareness campaigns in Argentina is also expected to fuel market growth during the forecast period. For instance, in 2016, Wunderman Buenos Aires partnered with NGO Fundación Huésped, which is an AIDS awareness group, to design a campaign to humanize the apathetic population of Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into Argentina rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
Argentina Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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