Latin America Cell Counting Market Research Report – Segmented By Product, Consumables, End User & Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Size, Share, Trends, Growth, Forecast (2024 to 2029)

Updated On: January, 2024
ID: 5770
Pages: 145

Latin America Cell Counting Market Size (2023 to 2028):

The size of the Latin America Cell Counting Market was worth USD 0.15 billion in 2023. This value is further projected to be growing at a CAGR of 5.86% and worth USD 0.20 billion by 2028.

A wide range of applications in the field of pharmaceutical, biotechnology, medical research, diagnostic labs, and y-o-y growth in the incidence of chronic diseases and other blood-related disorders are expected to accelerate the cell counting market growth in this region. Continuous increase in the number of research and clinical studies and an increasing number of patients suffering from chronic and infectious diseases drive market growth. Initiatives from the government organizations, rising expenses by the private and public towards the research and developments in the pharmaceutical industries are likely to improve the market growth. Escalating expenditure on healthcare in developing countries is leveling up the growth rate of the market. In Brazil, nearly 920,000 people living with HIV, and 14,000 AIDSdeaths were registered.

However, the high costs associated with the cell counting devices are slowly hindering the market's growth rate. The dearth of skilled professionals is a significant challenge to the market and is expected to impact growth during the next five years negatively. Improper research infrastructure may limit the cell counting market.

This research report on the Latin America Cell Counting Market has been segmented and sub-segmented into the following categories.

By Product: 

  • Instruments
  • Cell Counters
  • Hematology Analysers
  • Spectrophotometer
  • Flow Cytometer
  • Hemocytometer
  • Others

By Consumables: 

  • Microplates
  • Reagent
  • Assay Kits

By End User: 

  • Pharmaceutical & Biotechnology Industries
  • Hospitals & Diagnostic Laboratories
  • Research & Academic Institutes

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Based on the product, the spectrophotometers segment accounted for the market's largest share due to the enhanced data visualization and analysis software.

Based on region, brazil is one of the largest markets in this region, followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.

Geographically, Latin American cell counting is expected to grow at a steady pace during the forecast period due to the growth of stem cell activities among the hospitals. There is an increase in patient visits with different infections or diseases. The Brazilian cell counting market is expected to top this regional market from 2023 to 2028, followed by Mexico and Argentina. The demand for biologics is constantly rising for the treatment of chronic diseases, intensifies the business growth. The people aged 60 years and above are expected to show 18.6% of the total population by 2030. The vast cell-counting applications are included in cancer, fertility, HIV, blood samples, and many more. This is solely propelling the demand of the market. Automated cell-counters are widely used in the region, and these cell-counters use AI to produce appropriate counts of the cells, which play a prominent role in industry growth.

Companies playing a notable role in the Latin America Cell Counting Market are Thermo Fisher Scientific, Inc., Danaher Corporation, Agilent Technologies, Bio-Rad Laboratories, Merck Millipore, Inc., GE Healthcare, Becton, Dickinson and Company, and PerkinElmer, Inc.

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