Press release
Latin America IVD Market to Grow at 17.9% CAGR by 2034
Latin America In-vitro Diagnostics Market Size
The Latin America in-vitro diagnostics market has shown robust growth in recent years and is projected to continue expanding at a CAGR of 17.90% during the forecast period of 2025-2034. This significant expansion is attributed to increasing healthcare investments, the growing burden of infectious and chronic diseases, and broader access to healthcare technologies across the region.
Get a Free Sample Report with Table of Contents - https://bitl.to/4lAz.
Latin America In-vitro Diagnostics Market Share
Market share within the Latin America IVD landscape is distributed across diverse segments and geographies. Brazil holds the largest market share owing to its vast healthcare infrastructure and government-led diagnostic programs. Mexico and Argentina follow as emerging hubs with increasing diagnostic demand in urban and semi-urban populations.
Among product categories, reagents and kits account for the highest share, driven by their recurring use in testing protocols. Instruments and software/services are also experiencing increasing adoption due to laboratory automation and digital transformation in diagnostics.
Leading companies such as F. Hoffmann-La Roche Ltd, Becton, Dickinson and Company, and bioMérieux SA dominate the market, with strong distribution networks and diversified IVD portfolios tailored to regional needs.
Latin America In-vitro Diagnostics Market Growth & Trends
Several trends and growth drivers are accelerating market momentum:
Key Growth Drivers:
Rising prevalence of infectious diseases such as HIV/AIDS, hepatitis, and tuberculosis.
Growing cases of chronic diseases like diabetes, cardiovascular diseases, and cancer.
Increased health awareness and preventive testing among the middle class.
Government and private initiatives to expand laboratory infrastructure and healthcare access.
Shift toward personalized medicine and pharmacogenomics.
Emerging Trends:
Point-of-care testing (POCT) is gaining prominence for its convenience, particularly in rural and underserved areas.
The adoption of molecular diagnostics and PCR-based techniques is on the rise due to their accuracy and rapid turnaround.
Digital IVD platforms are streamlining data integration, result analysis, and remote diagnostics.
Advancements in automation, AI, and cloud-based solutions are improving operational efficiency across labs.
Latin America In-vitro Diagnostics Market Case Studies & News
Several developments highlight the market's dynamic nature:
In 2023, Roche introduced a next-generation PCR diagnostic platform in Brazil aimed at high-throughput infectious disease screening.
bioMérieux announced a strategic partnership with a major healthcare group in Argentina to enhance antimicrobial resistance diagnostics.
WAMA Diagnóstica, a regional innovator, expanded its range of rapid testing kits to support public health campaigns across rural Latin America.
These examples reflect how global players and local firms are collaborating to address public health challenges with targeted diagnostic tools.
Read the Full Report with the Table of Contents - https://bitl.to/4lAy.
Latin America In-vitro Diagnostics Market Analysis
The competitive landscape in Latin America is a mix of multinational corporations and regional diagnostic companies. Market players are focusing on:
Portfolio expansion through innovation and disease-specific test development.
Geographic penetration in underserved areas via mobile labs and POCT devices.
Strategic partnerships with hospitals and government agencies.
Localization of manufacturing to reduce costs and ensure supply continuity.
From a regulatory perspective, countries like Brazil and Mexico have adopted streamlined pathways for IVD approvals, aligning with WHO and PAHO guidelines to facilitate market entry while ensuring product safety and efficacy.
Latin America In-vitro Diagnostics Market Segmentation
The market is segmented by product, technology, application, end-use, and region, allowing for tailored insights:
By Product and Services:
Reagents and Kits
Instruments
Software and Services
By Technology:
Infectious Diseases: ELISA, ELISPOT, Rapid Tests, RIA, Western Blotting
Clinical Chemistry: Basic Metabolic Panels, Liver Panels, Renal Profiles, Lipid Profiles, Thyroid Function Panels, Electrolyte Panels
Molecular Diagnostics: PCR, INAAT, Hybridization, DNA Diagnostics, Microarray
Haematology, Microbiology, Coagulation and Haemostasis, Urinalysis, Others
By Application:
Infectious Diseases
Diabetes
Oncology
Cardiology
Drug Testing/Pharmacogenomics
HIV/AIDS
Autoimmune Diseases
Nephrology
Others
By End Use:
Hospitals and Clinics
Diagnostic Laboratories
Point-of-Care Testing
Academic Institutes
Others
By Region:
Brazil
Argentina
Mexico
Chile
Peru
Uruguay
Others
Key Players in the Latin America In-vitro Diagnostics Market
Prominent companies operating in the region include:
F. Hoffmann-La Roche Ltd
Becton, Dickinson and Company
Bio-Rad Laboratories, Inc.
bioMérieux SA
WAMA Diagnóstica
These firms are actively expanding their product pipelines, investing in R&D, and forming local alliances to strengthen their footprint in Latin America.
Medical Spa Market - https://bitl.to/4JvW.
Assisted Reproductive Technology Market - https://bitl.to/4gVd.
Healthcare Cloud Computing Market - https://bitl.to/4fk4.
Media Contact
Company Name: Claight Corporation
Contact Person: Roshan Kumar, Business Consultant
Email: sales@expertmarketresearch.com
Toll-Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organizations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organization remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organization's future success by acquiring one of our Expert Market Research reports today.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Latin America IVD Market to Grow at 17.9% CAGR by 2034 here
News-ID: 4083622 • Views: …
More Releases from Expert Market Research
Mexico Aluminium Market Size, Growth & Forecast Analysis Outlook 2025-2034
The Mexico aluminium market stands as a significant pillar within the country's industrial sector, driven by rapid advancements in automotive, construction, and packaging industries. Aluminium's versatility, lightweight nature, and excellent corrosion resistance have made it indispensable across various sectors. With growing domestic manufacturing and increasing foreign investments, Mexico has evolved into a major hub for aluminium production and processing in Latin America. Strategic trade partnerships, robust infrastructure, and access to…
U.S. Crayfish Market Trends, Forecast & Growth Insights 2025-2034
The United States crayfish market is witnessing extraordinary momentum, driven by increased culinary popularity, aquaculture expansion, and evolving consumer preferences. In 2024, the market reached a value of USD 648.07 Million, and is projected to register an impressive CAGR of 31.50% during 2025-2034, ultimately reaching nearly USD 10,020.27 Million by 2034. This article explores in-depth the market overview, size, segmentation, opportunities, and competitive landscape shaping the future of the U.S.…
Europe Customer Relationship Management Market Growth, Trends & Forecast 2025-20 …
The Europe customer relationship management (CRM) market has witnessed significant advancements in recent years, driven by digital transformation across sectors. In 2024, the market attained a value of USD 17.30 Billion and is projected to grow at a CAGR of 12.60% between 2025 and 2034. By the end of 2034, the market is expected to reach USD 56.68 Billion, indicating robust growth opportunities in CRM adoption across businesses in the…
United States Furniture Market Size, Share & Growth Analysis 2025-2034
The United States furniture market continues to evolve, driven by shifting consumer preferences, technological innovation, and a rising demand for multifunctional home and office spaces. In 2024, the market attained a value of USD 37.28 billion, reflecting the strong appetite for contemporary, ergonomic, and sustainable furniture options across both residential and commercial segments. The U.S. remains one of the world's largest furniture consumers, benefiting from high disposable incomes, urban living…
More Releases for Latin
Latin America Energy Drinks Market
El nuevo estudio de Informes de Expertos titulado 'Mercado Latinoamericano de Bebidas Energizantes, Informe y Pronostico 2022-2027′, presenta una evaluacion exhaustiva del mercado, analizandolo segun el tipo de producto, canal de distribucion y las regiones importantes. La investigacion rastrea las tendencias mas recientes en el mercado y examina sus efectos sobre los principales factores de exito y restricciones. Ademas, evalua la dinamica del mercado y realiza analisis FODA y Cinco…
Latin America Electroceuticals Market
Latin America registers the significant growth of the electroceutical market during the forecast period especially in the countries including Brazil, Mexico among others, attributing to various driving factors. The growing prevalence of ischemic heart disease, age-related and other hearing loss, and epilepsy is creating demand for electroceuticals, thereby, anticipated to drive the growth of electroceuticals market in Latin America. As per the Institute for Health Metrics and Evaluation, in…
First TV Series in Latin
The turbulent adventures of the Roman restaurant owner Barrelius and his Germanic family in the ancient Roman Empire are the focus of the planned new television series MY MANIAC MANSIO.
Supporters of the recently launched project crowdfunding for the presentation of a MY MANIAC MANSIO trailer on major TV stations and international streaming services can not only secure "ancient" rewards, but also participate in the production as technical staff or even…
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving…
A Game Changer for Latin America? Shale Experts Analyse the Future of Unconventi …
Shale experts recently gathered in Buenos Aires to examine the potential impact of shale oil and gas resources in the Latin America region and globally. The CWC Summit was hosted in partnership with YPF and Y-TEC, and delegations in attendance included Chevron, Shell, Total, Schlumberger, Emerson and Halliburton, amongst others.
The welcoming address was delivered by Gonzalo Lopez Nardone, head of institutional relations for YPF and the opening address was given…
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale…
