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Latin America Immunoassay Market Research Report – Segmented By Technology, Application, End Users, Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends and Forecast (2022 to 2027)

Published: January, 2022
ID: 1494
Pages: 132

Latin America Immunoassay Market Size (2022 to 2027)

The Latin American Immunoassay Market size was worth USD 2.61 Billion in 2022 and is estimated to reach USD 4.15 Billion by the end of 2027, growing at a CAGR of 9.70% from 2022 to 2027.

The rising incidence of chronic and infectious diseases, technical developments in immunoassays, increased usage of immunoassays in oncology, and immunoassays in drug and alcohol testing contribute to the Latin America Immunoassays market's growth. Growth will be aided by an increase in the older population, which is more susceptible to chronic and infectious illnesses. In addition, the widespread use of immunoassay methods in disease diagnostics has resulted from a rise in the incidence of chronic conditions such as cancer, infections, cardiovascular diseases, autoimmune diseases, diabetes mellitus, and nephrological diseases. This high specificity suggests that the data are accurate, allowing for great sensitivity in disease diagnosis. As a result, immunoassay’s high sensitivity, specificity, and cost-effectiveness are propelling the industry forward.

The market is further expected to rise due to advances in immunoassay technology and increased usage of immunoassay products. Immunoassay technology has improved, resulting in faster results with greater efficacy, detection limits, sensitivity, and cost-effectiveness. The widespread use of fast tests and point-of-care testing for illness diagnosis, as well as drug and alcohol misuse, has propelled the Latin American immunoassay industry to rapidly growing. Cancer is becoming more common, increasing the demand for effective diagnostic tools like immunoassay. This method is useful for determining oncogenesis and diagnosing cancer, whether benign or malignant, in its various phases. In addition, the immunoassay market is growing because of the growing importance of companion diagnostics, technical advancements in immunoassay products, condition-specific biomarkers, immunoassays, and other new technologies.

Technical challenges with immunoassay kits and insufficient reimbursement rules for LFA-based fast tests are some of the major issues limiting the market's growth. Furthermore, nucleic acid probes in molecular diagnostics are based on a person's genetic composition. As a result, the use of molecular diagnostic tests is projected to rise throughout the forecast period, thereby inhibiting the formation of the immunoassay market.

The technicians confront several design problems connected with immunoassays, such as result misinterpretation. Some of the challenges have also been created by a scarcity of skilled professionals in the clinical diagnostics field. Assay analyzers and a technical and skilled workforce are required for the clinical interpretation of diagnostic tests. In addition, the amount of time it takes to analyze test results has an impact on the results. This is the major challenge faced by the market.

This research report on the Latin America Immunoassay Market has been segmented & sub-segmented market into the following categories:

By Technology:

  • Enzyme Immunoassays
  • Fluorescent Immunoassays
  • Chemiluminescence Immunoassays
  • Nephelometric Immunoassays
  • Radio Immunoassays
  • Counting Immunoassays
  • Turbidimetric Immunoassays

By Application:

  • Oncology
  • Cancer
  • Hematology
  • Cardiology
  • Thyroid
  • Infectious diseases
  • Allergies

By End User:

  • Hospitals
  • Clinics
  • Academic Research Institute
  • Pharmaceutical
  • Biotech vendors
  • Laboratories

By Country:

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

Geographically, the Brazilian immunoassay market will be the most powerful country in Latin America during the forecast period. Some of the key factors driving the growth of the Immunoassays market in the country are the country's relatively well-established healthcare infrastructure, rising healthcare expenditure, rising demand for genetic testing, increasing awareness about the use of products, and growing awareness for cancer and cardiovascular screening. In addition, chronic infectious diseases caused by bacterial and viral pathogens are on the rise in Latin American countries, owing to a variety of factors such as changing climatic conditions, increased human population growth and density in both urban and rural areas, increased human migration, and mobility, and inadequate public health resources.

KEY MARKET PLAYERS:

A few of the noteworthy companies dominating the Latin American Immunoassay market analyzed in this report are Roche Diagnostics, DiaSorin S.p.A, Beckman Coulter, Siemens Healthcare, Ortho Clinical Diagnostics, bioMerieux, Thermo Fisher Scientific and Abbott Laboratories, Akers Biosciences, Inc, Becton Dickinson and Company, Devon Medical Products, EDP Biotech Corporation, Hologic (Gen-Probe), Intrinsic LifeSciences.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Technology                

                                5.1.1 Introduction           

                                5.1.2 Enzyme Immunoassay       

                                5.1.3 Fluorescent Immunoassays             

                                5.1.4 Cheniluminescence Immunoassays              

                                5.1.5 Nephelometric Immunoassays       

                                5.1.6 Radio Immunoassays         

                                5.1.7 Counting Immunoassays  

                                5.1.8 Counting Immunoassays  

                                5.1.9 Others      

                                5.1.10 Y-o-Y Growth Analysis, By Technology      

                                5.1.11 Market Attractiveness Analysis, By Technology     

                                5.1.12 Market Share Analysis, By Technology      

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Oncology 

                                5.2.3 Cancer      

                                5.2.4 Hematology           

                                5.2.5 Cardiology               

                                5.2.6 Thyroid     

                                5.2.7 Infectious disease

                                5.2.8 Allergies   

                                5.2.9 Others      

                                5.2.10 Y-o-Y Growth Analysis, By Application       

                                5.2.11 Market Attractiveness Analysis, By Application     

                                5.2.12 Market Share Analysis, By Application      

                5.3 End users                    

                                5.3.1 Introduction           

                                5.3.2 Hospitals  

                                5.3.3 Clinics        

                                5.3.4 Academic research institutes          

                                5.3.5 Pharmaceutical and Biotech vendors           

                                5.3.6 Laboratories           

                                5.3.7 Others      

                                5.3.8 Y-o-Y Growth Analysis, By End users            

                                5.3.9 Market Attractiveness Analysis, By End users           

                                5.3.10 Market Share Analysis, By End users          

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Technology

                                                6.1.3.3 By Application

                                                6.1.3.4 By End users

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Technology

                                                6.1.4.3 By Application

                                                6.1.4.4 By End users

                                6.1.5 Market Share Analysis        

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Technology

                                                6.1.5.3 By Application

                                                6.1.5.4 By End users

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Roche Diagnostics                    

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 DiaSorin S.p.A                           

                8.3 Beckman Coulter                     

                8.4 Siemens Healthcare                

                8.5 Ortho Clinical Diagnostics                     

                8.6 bioMerieux                

                8.7 Thermo Fisher Scientific                        

                8.8 Abbott Laboratories               

                8.9 Akers Biosciences                    

                8.10 Becton Dickinson and Company                      

                8.11 Devon Medical Products                    

                8.12 EDP Biotech Corporation                    

                8.13 Hologic                       

                8.14 Intrinsic LifeSciences                           

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Latin America Immunoassays Market, By Technology, From 2022 - 2027 (USD Billion)
  2. Latin America Enzyme Immunoassay Market, By Region, From 2022 - 2027 (USD Billion)
  3. Latin America Fluorescent Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)
  4. Latin America Chemiluminescence Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Nephelometric Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Radio Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Counting Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)
  8. Latin America Turbidimetric Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)
  9. Latin America Immunoassays Market, By Application, From 2022 - 2027 (USD Billion)
  10. Latin America Oncology Market, By Region, From 2022 - 2027 (USD Billion)
  11. Latin America Cancer Market, By Region, From 2022 - 2027 (USD Billion)
  12. Latin America Hematology Market, By Region, From 2022 - 2027 (USD Billion)
  13. Latin America Cardiology Market, By Region, From 2022 - 2027 (USD Billion)
  14. Latin America Thyroid Market, By Region, From 2022 - 2027 (USD Billion)
  15. Latin America Infectious diseases Market, By Region, From 2022 - 2027 (USD Billion)
  16. Latin America Allergies Market, By Region, From 2022 - 2027 (USD Billion)
  17. Latin America Immunoassays Market, By End-users, From 2022 - 2027 (USD Billion)
  18. Latin America Hospitals Market, By Region, From 2022 - 2027 (USD Billion)
  19. Latin America Clinics Market, By Region, From 2022 - 2027 (USD Billion)
  20. Latin America Academic research institutes Market, By Region, From 2022 - 2027 (USD Billion)
  21. Latin America Pharmaceutical and biotech vendors Market, By Region, From 2022 - 2027 (USD Billion)
  22. Latin American laboratories Market, By Region, From 2022 - 2027 (USD Billion)
  23. Brazil Immunoassays Market, By Technology, From 2022 - 2027 (USD Billion)
  24. Brazil Immunoassays Market, By Application, From 2022 - 2027 (USD Billion)
  25. Brazil Immunoassays Market, By End-users, From 2022 - 2027 (USD Billion)
  26. Rest of Latin America Immunoassays Market, By Technology, From 2022 - 2027 (USD Billion)
  27. Rest of Latin America Immunoassays Market, By Application, From 2022 - 2027 (USD Billion)
  28. Rest of Latin America Immunoassays Market, By End-users, From 2022 - 2027 (USD Billion)

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