Latin America In Vitro Diagnostics ( IVD ) Market is Projected to Grow at USD 5.1 billion by 2024 : Radiant Insights , Inc
“ The infectious disease segment held the largest share in 2015 over 24 % owing to the presence of favorable government initiatives in association with the WHO to curb communicable diseases .”
The latin america IVD market is expected to reach over USD 5.1 billion by 2024 , according to a new report by Grand View Research , Inc . The Latin America IVD market is expected to grow at a significant CAGR till 2024 owing to the rising prevalence of target disorders , aging population , and the presence of favorable government initiatives for early disease diagnosis . Other factors that are anticipated to boost the growth include the introduction of technologically advanced instruments and the increasing R & D initiatives for the development of disease-specific kits .
Regular testing for diabetes , cardiovascular , cancer , and sexually transmitted diseases are necessary for the timely treatments , further avoiding the risk of fatal health complications . The availability of tests for home and near patient testing is estimated to further enhance the usage rates of these devices . From November 2015 , the Anvisa , which is a regulatory body for medical devices in Brazil , has started allowing the registration for HIV self-testing kits .
Read Complete Report with TOC @ http :// www . radiantinsights . com / research / latinamerica-in-vitro-diagnostics-ivd-market
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