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Latin America In-Vitro Diagnostics Market Research Report - By Product, By Technology, By Application & By Country (Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 125
Pages: 145

Latin America In-Vitro Diagnostics Market Size (2022 to 2027)

The size of the Latin American IVD Market is estimated to be growing at a CAGR of 5.9% from 2022 to 2027. The market size is forecasted to be worth USD 12.84 billion by 2027 from USD 9.64 billion in 2022.

In-vitro diagnostics can easily detect any disease from the samples taken from the patient, where it is convenient and gives accurate results in less time. Growing popularity towards various diagnostics and treatment procedures across the region is a major driving factor for the market growth. In addition, increasing disposable income in urban areas, growing awareness of personalized medicine are further gearing up the Latin American In-Vitro Diagnostics Market. 

The development of innovative IVD products in research centers with different techniques to improve healthcare services is escalating the growth scope for the market in Latin America. In addition, changes in lifestyle and food habits, growing awareness towards an early diagnosis to have quality treatment procedures, adoption of automated devices in laboratories, and growing demand for point of care testing devices are some other key factors driving the market growth for in-vitro diagnostics in Latin America. 

However, people in rural areas are less aware of these devices, which restricts the growth rate of the market. Fluctuations in the productivity rate of the devices, equipment that requires huge amounts for installation and maintenance where it is difficult for small-scale enterprises are key factors inhibiting the market growth. Lack of standardization and frequent changes in the economic strategies impede the demand of the market in Latin America. 

This research report on the Latin America IVD Market has been segmented and sub-segmented into the following categories:

By Product: 

  • Instruments
  • Reagents and Kits
  • Software

By Technology: 

  • Clinical Chemistry
  • Hematology
  • Immunoassays
  • Coagulation and Hemostasis
  • Molecular Diagnostics
  • Microbiology
  • Other IVD technologies

By Application: 

  • Diabetes
  • Infectious Diseases
  • Oncology/Cancer
  • Cardiology
  • Nephrology
  • Autoimmune Diseases
  • Drug Testing
  • HIV

By Country: 

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

Regional Analysis:

In Latin America, the Brazilian IVD market is expected to account for the most significant share during the forecast period. Increasing awareness about the use of in-vitro diagnostics and growing healthcare expenditure are leveling up the market's growth in Brazil. There are increases in the rate of chronic diseases in this region. Improvement in the healthcare infrastructure is to elevate the growth of this market to the extent. The ANVISA, which is the regulatory body of Brazil for healthcare, has created a platform for the registration of in-vitro diagnostic devices.

The Mexican IVD market is another most promising regional market in the Latin American region. There is an increase in demand for new technology in Mexico. The public and private hospitals have increased the fund for the development of in-vitro diagnostic in their country. The public and private sectors are focusing on developing new products in favor of the end-users. This is to enhance the demand for the in-vitro diagnostic market.

KEY MARKET PLAYERS:

Most of the promising companies operating in the Latin American IVD Market profiled in this report are Abbott Laborat, Ortho Clinical Diagnostics, Inc., Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostic, Beckman Coulter Inc., Biomérieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation & Thermo Fisher Scientific, Inc.

  1. Introduction

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                           

                1.4 General Study Assumptions                                                

  1. 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                                                          

  1. Overview

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 New Developments                                                

  1. 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                                               

  1. Market Segmentation

                5.1 By Product                                                  

                                5.1.1 Instruments                                           

                                5.1.2 Reagents and Kits                                 

                                5.1.3 Software                                 

                5.2 By Technology                                                          

                                5.2.1 Clinical Chemistry                                

                                5.2.2 Hematology                                           

                                5.2.3 Immunoassays                                      

                                5.2.4 Coagulation and Hemostasis                                           

                                5.2.5 Molecular Diagnostics                                        

                                5.2.6 Microbiology                                          

                                5.2.7 Other IVD technologies                                     

                5.3 By Application                                                           

                                5.3.1 Diabetes                                  

                                5.3.2 Infectious Diseases                                             

                                5.3.3 Oncology/Cancer                                 

                                5.3.4 Cardiology                                               

                                5.3.5 Nephrology                                            

                                5.3.6 Autoimmune Diseases                                       

                                5.3.7 Drug Testing                                           

                                5.3.8 HIV                                             

  1. Geographical Analysis

                                6.1 Introduction                                              

                                6.2 Argentina                                             

                                6.3 Brazil     

                                6.4 Mexico                               

                                6.5 Rest of Latin America                                             

  1. 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                                      

  1. Market Leaders' Analysis

                8.1 Abbott Laboratories                                               

                                8.1.1 Overview                                

                                8.1.2 Product Analysis                                   

                                8.1.3 Strategic Evaluation and Operations                                            

                                8.1.4 Financial analysis                                  

                                8.1.5 Legal issues                                            

                                8.1.6 Recent Developments                                       

                                8.1.7 SWOT analysis                                       

                                8.1.8 Analyst View                                          

                8.2 Johnson and Johnson                                                             

                8.3 Siemens Healthcare                                                

                8.4 Becton Dickinson                                                     

                8.5 Roche Diagnostics                                                    

                8.6 Beckman Coulter Inc.                                                             

                8.7 Biomérieux                                                

                8.8 Ortho Clinical Diagnostics, Inc.                                                           

                8.9 Bio-Rad Laboratories, Inc.                                                    

                8.10 Danaher Corporation                                                           

                8.11 Sysmex Corporation                                                             

                8.12 Thermo Fisher Scientific, Inc.                                                            

  1. 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                                                          

  1. Expert Opinions

                10.1 Market Outlook                                                     

                10.2 Investment Opportunities                                                 

Appendix                                                                           

  1. List of Tables
  2. List of Figures
  1. Latin America Global In-Vitro Diagnostics Market, By Region, From 2022 - 2027 (USD Billion)                                                          
  2. Latin America Global In-Vitro Diagnostics Market, By Type, From 2022 - 2027 (USD Billion)                                                              
  3. Latin America Instruments Market, By Region, From 2022 - 2027 (USD Billion)                                                      
  4. Latin America Reagents and Kits Market, By Region, From 2022 - 2027 (USD Billion)                                                           
  5. Latin America Software Market, By Region, From 2022 - 2027 (USD Billion)                                                             
  6. Latin America Clinical Chemistry Market, By Region, From 2022 - 2027 (USD Billion)                                                           
  7. Latin America Hematology Market, By Region, From 2022 - 2027 (USD Billion)                                                      
  8. Latin America Immunoassays Market, By Region, From 2022 - 2027 (USD Billion)                                                 
  9. Latin America Coagulation and Hemostasis Market, By Region, From 2022 - 2027 (USD Billion)                                                      
  10. Latin America Molecular Diagnostics Market, By Region, From 2022 - 2027 (USD Billion)                                                   
  11. Latin America Microbiology Market, By Region, From 2022 - 2027 (USD Billion)                                                    
  12. Latin America Other IVD technologies Market, By Region, From 2022 - 2027 (USD Billion)                                                
  13. Latin America Diabetes Market, By Region, From 2022 - 2027 (USD Billion)                                                             
  14. Latin America Infectious Diseases Market, By Region, From 2022 - 2027 (USD Billion)                                                         
  15. Latin America Oncology/Cancer Market, By Region, From 2022 - 2027 (USD Billion)                                                            
  16. Latin America Cardiology Market, By Region, From 2022 - 2027 (USD Billion)                                                         
  17. Latin America Nephrology Market, By Region, From 2022 - 2027 (USD Billion)                                                       
  18. Latin America Autoimmune Diseases Market, By Region, From 2022 - 2027 (USD Billion)                                                  
  19. Latin America Drug Testing Market, By Region, From 2022 - 2027 (USD Billion)                                                     
  20. Latin America HIV Market, By Region, From 2022 - 2027 (USD Billion)                                                       
  21. Brazil Market, By Product, From 2022 - 2027 (USD Billion)                                                              
  22. Brazil Market, By Technology, From 2022 - 2027 (USD Billion)                                                       
  23. Brazil Market, By Application, From 2022 - 2027 (USD Billion)                                                       
  24. Mexico Market, By Product, From 2022 - 2027 (USD Billion)                                                          
  25. Mexico Market, By Technology, From 2022 - 2027 (USD Billion)                                                   
  26. Mexico Market, By Application, From 2022 - 2027 (USD Billion)                                                    
  27. Rest of Latin America Market, By Product, From 2022 - 2027 (USD Billion)                                                               
  28. Rest of Latin America Market, By Technology, From 2022 - 2027 (USD Billion)                                                        
  29. Rest of Latin America Market, By Application, From 2022 - 2027 (USD Billion)

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