Latin America Sepsis Diagnostics Market Size & Outlook
Latin America sepsis diagnostics market, 2018-2030 (US$M)
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Latin America sepsis diagnostics market highlights
- The Latin America sepsis diagnostics market generated a revenue of USD 52.7 million in 2022.
- The market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, blood culture media was the largest revenue generating product in 2022.
- Assay Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 52.7 million |
| Market revenue in 2030 | USD 96.2 million |
| Growth rate | 7.8% (CAGR from 2022 to 2030) |
| Largest segment | Blood culture media |
| Fastest growing segment | Assay Kits & Reagents |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Blood Culture Media, Assay Kits & Reagents, Software |
| Key market players worldwide | BD, BioMerieux SA, Thermo Fisher Scientific Inc, Danaher Corp, Roche Holding AG ADR, Luminex, Koninklijke Philips NV, Bruker Corp, Cepheid, Immunexpress |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.3% of the global sepsis diagnostics market in 2022.
- 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 431.0 million by 2030.
Blood culture media was the largest segment with a revenue share of 38.9% in 2022. Horizon Databook has segmented the Latin America sepsis diagnostics market based on instruments, blood culture media, assay kits & reagents, software covering the revenue growth of each sub-segment from 2018 to 2030.
Sepsis represents a significant public health challenge in Latin America, characterized by a high incidence rate and substantial associated mortality. Early and accurate diagnosis of sepsis is crucial for initiating timely and appropriate treatment, which can prevent patient deterioration & enhance overall outcome. There is a growing focus on improving sepsis diagnosis within the region, driven by efforts to develop and implement innovative diagnostic tools.
In Latin America, where several countries face economic constraints, there is a pressing need for cost-effective diagnostic & treatment solutions. The region's diverse economic landscape includes low-income countries requiring affordable healthcare interventions and more developed nations with better access to advanced medical technologies.
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Sepsis Diagnostics Market Scope
Sepsis Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America sepsis diagnostics market size, by country, 2018-2030 (US$M)
Latin America Sepsis Diagnostics Market Outlook Share, 2022 & 2030 (US$M)
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