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Latin America Infectious Disease Diagnostics Market Size, Strategies and Outlook Analysis to 2025

May 09
12:38 2019
Latin America Infectious Disease Diagnostics Market Size, Strategies and Outlook Analysis to 2025

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The report on “Latin America Infectious Disease Diagnostics Market ” helps you to understand the market size, growth, trends, major company’s performance data and market opportunities.

Latin America Infectious Disease Diagnostics Market Size and Growth Analysis:

The Latin America Infectious disease diagnostics market was estimated at USD 1.37 million in 2018 and is expected to reach USD 2,231.0 million by 2025, expanding at a compound annual rate of 7.25% over the 2018-2025 forecast period.

Most of the standard diagnostic test kits currently available are for bacterial infections and sexually transmitted diseases. Diagnostics of infectious diseases involve devices to detect microorganisms present in the human body, which are caused by various means, such as infected foods, water, air, surroundings, an infected person and others.

 

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Drivers, Challenges and Opportunities:

One of the main drivers of growth in the Latin American market is the constant growing tendency of these diseases over time. In addition, there is an increasing demand for better diagnostic facilities that promote the growth of the market for epidemiological diagnosis due to the increase in the infections. The government is making great efforts to prevent and restrict epidemics that should promote the market growth of the diagnostics. In addition, technological advancement and new product launches on the market should support the growth of the regional infectious disease diagnostic market.

However, factors such as rigorous regulatory approval procedures for epidemic diagnosis devices, the emergence of molecular technology and adverse reimbursement scenarios will hinder the growth of the market. Many government-funded programs around this region are offering more and freer exams to raise awareness, accurately diagnose diseases and reduce the risk of infection. It is expected that such initiatives will increase market opportunities in the coming years.

 

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Geographic Segmentation:

The infectious diseases diagnostics market in Latin America is mainly spread across the regions of Argentina, Brazil and Mexico. Latin America is expected to show significant growth due to bad living conditions and lack of awareness of people, which is a support for the growth of this market during the forecast period. The countries of the Latin American region have most of the epidemic diagnosis market due to the high prevalence and incidence of infectious diseases, especially of sexually transmitted diseases and bacterial infections.

Prominent Players covered in this Latin America Infectious Disease Diagnostics Market Report are:

SBecton, Dickinson and Company, Cepheid, Inc. Abbott Laboratories, bioMérieux SA, Hologic, Inc., Danaher Corporation, Thermo Fisher Scientific Inc., Roche Diagnostics, Alere Inc., DiaSorin SpA, Quidel Corporation and Bio-Rad Laboratories, Inc are among the leading players in the Latin American infectious disease diagnostic market.

 

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