In vitro diagnostics: market revenue Latin America 2016-2028

The revenue of the in vitro diagnostics segment of the medical technology market in Latin America was forecast to continuously increase between 2024 and 2028 by in total 0.9 billion U.S. dollars (+11.42 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 8.78 billion U.S. dollars and therefore a new peak in 2028.

Revenue of the in vitro diagnostics market in Latin America from 2016 to 2028 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The market in vitro diagnostics (IVD) consists of medical instruments and accessories used to perform tests with the help of biological samples. In vitro diagnostics provide valuable information used for detection, prognosis, prevention, and therapeutic monitoring of diseases.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Roche Diagnostics, Abbott Laboratories, Danaher, Siemens Healthineers.

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