Brazil Rapid Medical Diagnostic Kits Market Size & Outlook
Brazil rapid medical diagnostic kits market, 2018-2030 (US$M)
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Brazil rapid medical diagnostic kits market highlights
- The Brazil rapid medical diagnostic kits market generated a revenue of USD 408.0 million in 2023 and is expected to reach USD 671.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.4% 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 408.0 million |
| Market revenue in 2030 | USD 671.3 million |
| Growth rate | 7.4% (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, Brazil accounted for 2.1% 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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Brazil 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 63.68% in 2023. Horizon Databook has segmented the Brazil 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 launch of products in Brazil is anticipated to fuel market growth. For instance, in November 2017, Idengene SA partnered with Contextual Genomics to develop Find-It. This is a genomic test launched in Brazil for patients diagnosed with cancer.
Find-It is a molecular assay that screens for known gene mutations found in solid tumor cancers, used in identifying appropriate treatment options and recognizing acquired drug-resistant mutations. This helps the doctor create customized therapies with a greater amount of precision for individuals diagnosed with cancer.
The assay is supported by Contextual Genomics cloud-based engine that helps in determining diagnostic and prognostic implications for patient care. Therefore, rise in collaborations and product launches by companies based in Brazil is expected to fuel market share during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into Brazil rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
Brazil Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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