South and Central America In-Vitro Diagnostics Market Growth and Recent Trends by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

South and Central America In-Vitro Diagnostics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product and Services (Reagents and Kits, Instruments, and Software and Services); Technology (Immunoassay/ Immunochemistry, Clinical Chemistry, Molecular Diagnostics, Microbiology, Blood Glucose Self-Monitoring, Coagulation & Hemostasis, Hematology, Urinalysis, and Others); Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Autoimmune Diseases, Nephrology, and Others); End User (Hospitals, Laboratories, Homecare, and Others)

Report Date : May 2021
Report Code : TIPRE00022126

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 195

Page Updated: May 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The In-vitro diagnostics market in South and Central America is expected to grow from US$ 4,387.7 million in 2019 to US$ 5,820.0 million by 2027; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027.

The region is witnessing exponential increase in prevalence of infectious diseases. These diseases are prominently caused due to pathogenic microorganisms, such as viruses, bacteria, and parasites. Certain factors, such as poor sanitary conditions, lack of public hygiene, massive air pollution, and lack of safe drinking water, are playing a significant role in the increasing prevalence of infectious diseases. For instance, according to data published by the World Health Organization (WHO) in 2019, approximately 71.0 million people suffered from hepatitis C virus infection across the globe. Moreover, extreme globalization, intense mobility of the population, and persistent urbanization are expected to spread viral infections with greater ease. Since there is a lack of better public health surveillance systems and access to care, a substantial population in developing countries as well as remote regions, is highly prone to viral infections. This, combined with considerable growth in the viral epidemics, is projected to offer a high demand the in-vitro diagnostics (IVD) during the forecast period.

In the South and Central American region, countries like Brazil, Chile, and Peru have experienced significant incidences of COVID-19 patients. According to the Pan American Health Organization (PAHO), as of 12 June 2020, Brazil, Peru, and Chile had 5.1%, 2.8%, and 1.8% crude case fatality rates (CFR). Maximum deaths were observed in the age group 60 to 70+ years old. In addition. 60% of these deaths in this age group occurred in men. Therefore, considering the rise in the incidences have demanded IVD test kits and products. The biotechnology industry is growing in the countries that are expected to serve vital growth opportunities for the IVD market in the coming future.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the In-vitro diagnostics market. The South and Central America In-vitro diagnostics market is expected to grow at a good CAGR during the forecast period.

21790-img1

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

South and Central America In-Vitro Diagnostics Market Segmentation

By Product and Services

Instruments
Reagents & Kits
Software & Services

By Technology

Immunoassay/ Immunochemistry
Clinical Chemistry
Molecular Diagnostics
Microbiology
Blood Glucose Self-Monitoring
Coagulation & Hemostasis
Hematology
Urinalysis
Others

By Application

Infectious Diseases
Diabetes
Oncology
Cardiology
Autoimmune Diseases
Nephrology
Others

By End User

Hospitals
Laboratories
Homecare
Others

By Country

South and Central America
- Brazil
- Argentina
- Rest of South and Central America

Companies Mentioned

F. HOFFMANN-LA ROCHE LTD.
DANAHER
ABBOTT
SIEMENS AG
SYSMEX CORPORATION
THERMO FISHER SCIENTIFIC, INC.
BD
BIOMERIEUX SA
BIO-RAD LABORATORIES, INC.
QIAGEN

South and Central America In-Vitro Diagnostics Report Scope

Report Attribute	Details
Market size in 2019	US$ 4,387.7 Million
Market Size by 2027	US$ 5,820.0 Million
Global CAGR (2020 - 2027)	3.6%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Product and Services Reagents and Kits Instruments Software and Services By Technology Immunoassay/ Immunochemistry Clinical Chemistry Molecular Diagnostics Microbiology Blood Glucose Self-Monitoring Coagulation & Hemostasis Hematology Urinalysis By Application Infectious Diseases Diabetes Oncology Cardiology Autoimmune Diseases Nephrology By End User Hospitals Laboratories Homecare
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	F. HOFFMANN-LA ROCHE LTD. DANAHER ABBOTT SIEMENS AG SYSMEX CORPORATION THERMO FISHER SCIENTIFIC, INC. BD BIOMERIEUX SA BIO-RAD LABORATORIES, INC.

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the South and Central America In-Vitro Diagnostics Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy