Latin America Tuberculosis Diagnostics Market Size & Outlook
Latin America tuberculosis diagnostics market, 2018-2030 (US$M)
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Latin America tuberculosis diagnostics market highlights
- The Latin America tuberculosis diagnostics market generated a revenue of USD 86.5 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, detection of latent infection (skin test & igra) was the largest revenue generating test type in 2023.
- Detection of Drug Resistance (DST) is the most lucrative test type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 86.5 million |
| Market revenue in 2030 | USD 131.6 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Detection of latent infection (skin test & igra) |
| Fastest growing segment | Detection of Drug Resistance (DST) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nucleic Acid Testing, Detection of Latent Infection (Skin Test & IGRA), Detection of Drug Resistance (DST), Other Methods, Phage Assay, Cytokine Detection Assay, Diagnostic Laboratory Methods, Radiographic Method |
| Key market players worldwide | Abbott Laboratories, Becton Dickinson & Co, Roche Holding AG ADR, Thermo Fisher Scientific Inc, BioMerieux SA, Qiagen NV, Hologic Inc, BD, Hain Lifescience, Cepheid |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global tuberculosis diagnostics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 276.3 million by 2030.
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Tuberculosis Diagnostics Market Scope
Tuberculosis Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America tuberculosis 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 tuberculosis diagnostics market will help companies and investors design strategic landscapes.
Detection of latent infection (skin test & igra) was the largest segment with a revenue share of 41.27% in 2023. Horizon Databook has segmented the Latin America tuberculosis diagnostics market based on nucleic acid testing, detection of latent infection (skin test & igra), detection of drug resistance (dst), other methods, phage assay, cytokine detection assay, diagnostic laboratory methods, radiographic method covering the revenue growth of each sub-segment from 2018 to 2030.
The burden of TB in this region is relatively low compared to other regions. This can be attributed to planned initiatives to control TB by government organizations. Various organizations, such as Pan American Health Organization (PAHO), are working in collaboration with the WHO to achieve mission of TB-free Latin America. Brazil and Mexico are the key regions in Latin America TB diagnostics market.
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Target buyers of Latin America tuberculosis diagnostics market databook
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Our clientele includes a mix of tuberculosis diagnostics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America tuberculosis diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America tuberculosis diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America tuberculosis diagnostics market size, by country, 2018-2030 (US$M)
Latin America Tuberculosis Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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