The increasing adoption point of care devices coupled with the increasing awareness among the healthcare professionals regarding the early diagnosis of various diseases has provided a boost to the Latin IVD market . The rising epidemic of communicable diseases in the southernpart of Latin America , the growing need for rapid and accurate diagnostics , and the changing healthcare infrastructure scenario are some of the key drivers of the Latin IVD market .
Further key findings from the study suggest :
The instrument segment is one of the most important segments of in vitro diagnostics . The presence of highly automated analyzers and the availability of over the counter products are some of the factors responsible for its significant share .
The Molecular diagnostics segment is anticipated to be the fastest growing technology over the decade . Molecular diagnostics is a transformative area of diagnostics . The continuous innovation in technology helps the physicians for critical decision making
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 .
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The home care segment is estimated to witness a significant growth over the forecast period . The high number of R & D initiatives undertaken by key competitors for the development of portable IVD devices with improved sensitivity and user-friendliness is a key factor attributing towards its growth .
In 2015 , Brazil was the largest regional segment with a revenue generation of over USD 1.2 billion owing to the established healthcare infrastructure , growing awareness for cancer screening , and the increasing demand for genetic testing .
Peru is expected to be one of the fastest growing regions on account of the growing economic stability , high unmet clinical needs , and the rising disposable incomes
Key players operating in the Latin America IVD market are Roche Diagnostics , Abbott Laboratories , Inc ., Hologic ( Gen-Probe ), Becton Dickinson ( BD ) Company , Alere , Inc ., Bio-Rad Laboratories , Qiagen N . V ., Inc ., bioMerieux , BioQuidel Corporation , and Siemens Healthcare .
Table of Contents
Chapter 1 . Methodology and Scope 1.1 . Research Methodology
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