Latin America Std Diagnostics Market Size & Outlook
Latin America std diagnostics market, 2017-2030 (US$M)
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Latin America std diagnostics market highlights
- The Latin America std diagnostics market generated a revenue of USD 773.1 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, consumables (reagents and kits) was the largest revenue generating product in 2023.
- Consumables (Reagents and kits) 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 773.1 million |
| Market revenue in 2030 | USD 1,308.4 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments & Services, Consumables (Reagents and kits), Softwares |
| Key market players worldwide | BD, Roche, Hologic Inc, Abbott Laboratories, Danaher Corp, Qiagen NV, OraSure Technologies Inc, Bio-Rad Laboratories Inc, BioMerieux SA, Thermo Fisher Scientific Inc, Seegene, Diasorin SpA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global std 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 3,825.9 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America std 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 std diagnostics market will help companies and investors design strategic landscapes.
Consumables (reagents and kits) was the largest segment with a revenue share of 69.95% in 2023. Horizon Databook has segmented the Latin America std diagnostics market based on instruments & services, consumables (reagents and kits), softwares covering the revenue growth of each sub-segment from 2017 to 2030.
Technological developments in STD diagnostics, such as usage of multiplex NAAT tests, are expected to contribute to market growth. In addition, increase in government spending, presence of skilled healthcare professionals, and increase in patient awareness are among factors likely to drive growth of STD diagnostics market in Latin America.
Low awareness about prevention & treatment of infectious diseases in underdeveloped areas and lack of favorable reimbursement policies coupled with vaccination coverage for HPV are some of the key factors restraining market growth.
Latin America is expected grow at a significant rate owing to increasing government initiatives pertaining to regulations and reimbursement of lab tests & trials.
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Our clientele includes a mix of std 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 std diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America std diagnostics market size, by country, 2017-2030 (US$M)
Latin America STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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