Latin America COVID-19 diagnostics Market Trends, Size, Share and Forecast 2023-2029

The Latin American COVID-19 diagnostics market will see a decline in CAGR of 19.5% during the forecast period. As Latin American countries are significantly expanding their testing capacity every month, the demand for RT-PCR testing has been emerging across these countries. For instance, on 6th May 2020, the Brazilian Health Ministry declared a national testing plan to curb and combat the COVID-19 pandemic. It had declared the target of buying 46 million tests. The program comprises dubbed Confirma COVID-19, which includes the lab test, referred to as RT-PCR. The objective is to buy a total of 24 million RT-PCR tests, suitable for people running symptoms until the eighth day since the infection.

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Additionally, the launch of new antigen tests may offer an opportunity for the increasing adoption of antigen tests in the country. Antigen tests can detect the presence of viral proteins in a biological sample, including saliva or tissue swabbed from the nasal cavity. These tests are normally cost-effective and provide results in minutes, as well as reveals an active infection. The antigen test that is available in Brazil includes QuickProfile COVID-19 Antigen Test, offered by Lumiquick Diagnostics, Inc. It is a method of the target antigen (or antibody) capture in samples with the use of a specific antibody (or antigen), and target molecule detection/quantitation using an enzyme reaction with its substrate. Emerging shift towards faster detection of COVID-19 and increasing focus of biotechnology companies and research institutes towards the development of more accurate and faster tests, is creating possibilities for the launch of new COVID-19 tests, including antigen test, in Latin American countries.

Key questions addressed by the report

What is the market growth rate during the forecast period?
Which segment/region dominates the market in base year?
Which segment/region will project fastest growth in the market during the forecast period?
How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline

o Deviation from pre-COVID

o Most affected region/segment

o Recommendations

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Latin American COVID-19 Diagnostics Market - Segmentation

By Type

Instruments
Reagents & Kits
Laboratory Testing Services

By Technology Type

PCR Test
Antigen Test
o Chromatographic Immunoassay

o Fluorescent Immunoassay

o Chemiluminescent Immunoassay

Serology Test
o Enzyme-Linked Immunosorbent Assay (ELISA)

o Neutralization

o Chemiluminescent Immunoassay

Rapid/ PoC Test

By Sample Type

Oropharyngeal & Nasopharyngeal Swabs
Blood
Urine
Saliva
Others (Sperm)
By End-Users

Laboratories
Hospitals
Diagnostic Centers & Clinics
Research Institutes

A full report of Latin America COVID-19 diagnostics Market is available at: https://www.omrglobal.com/industry-reports/latin-america-covid-19-diagnostics-market

Latin American COVID-19 Diagnostics Market - Segmentation by Geography

Mexico
Brazil
Argentina
Colombia
Rest of Latin America

Company Profiles

Biolinker Synthetic Biology
Biologix Group Ltd.
CT Vacinas
Diagnos Med srl
Hi Technologies
Orangelife Comercio e Industria Ltd.
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