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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Diagnostics Market Research Report @ https://www.researchcosmos.com/reports/latin-america-infectious-disease-diagnostics-market/19586908
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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