Latin America In-Vitro Diagnostics Market by Product, Technology, by Application (Diabetes, Infectious Diseases, Oncology/Cancer, Cardiology, Nephrology, Autoimmune Diseases, Drug testing and HIV) and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
According to the report In-Vitro Diagnostics Market, published by Market Data Forecast, the Latin America market is projected to reach USD 10.29 billion by 2021, at a CAGR of 5.9% from 2016 to 2021.
In-Vitro diagnostics can be defined as methods of testing sample of body tissue or fluids for blood glucose or microbial cultures. They are also used for noticing changes in the liver function, calcium level imbalance in the body and electrolytes in blood such as potassium, urea, sodium and creatinine.
The end users of In Vitro diagnostics market are generally Academic institutions, Laboratories, Hospitals and Point-of-care testing centres.
There are about 40,000 IVD products available in the market helping specialists and patients on a wide range of conditions.
Latin America In-Vitro Diagnostics Market: Drivers & Restraints
The drivers of Latin America In-Vitro Diagnostics Market are increasing prevalence of diabetes, growing geriatric population, and rising awareness about healthcare. However, the market is restrained by factors like unclear reimbursement policies and stringent regulatory policies.
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Latin America In-Vitro Diagnostics Market: Segmentation
- Reagents and Kits
- Clinical Chemistry
- Coagulation and Hemostasis
- Molecular Diagnostics
- Other IVD technologies
- Infectious Diseases
- Autoimmune Diseases
- Drug Testing
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Latin America In-Vitro Diagnostics Market: Overview
Factors like increasing awareness and rising geriatric population about healthcare is affecting the market positively. Latin America has a nascent market In-Vitro Diagnostics.
Within Latin America, Brazil is expected to have the largest market share.
Latin America In-Vitro Diagnostics Market: Region-wise Outlook
The Latin America In-Vitro Diagnostics Market can be geographically segmented into Brazil, Argentina, Chile and other parts in the region. In the Latin America region, Brazil is expected the largest market share.
Factors like rising awareness about healthcare and increasing geriatric population is expected to drive the market growth in the region.
Key Questions Answered
- What is the current and future In-Vitro Diagnostics market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the In-Vitro Diagnostics space in Latin America?
- What are the key, high growth markets that In-Vitro Diagnostics manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the In-Vitro Diagnostics currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of In-Vitro Diagnostics?
- What are the challenges and barriers that have hindered widespread adoption of In-Vitro Diagnostics?
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Latin America In-Vitro Diagnostics Market: Key Players
Some of the key Players dominating the Latin America In-Vitro Diagnostics Market are Abbott Laboratories, Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, and Beckman Coulter Inc. are the major players dominating the global IVD market.
Other companies which account for a significant share in the IVD market are Biomérieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation and Thermo Fisher Scientific, Inc.
Reasons to access Latin America In-Vitro Diagnostics Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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