South & Central America Diagnostic Labs Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – By Lab Type (Single/Independent Laboratories, Hospital-Based Labs, Physician Office Labs, And Others), Testing Services [Physiological Function Testing (ECG, Echo, X-ray, Endoscopy, CT, MRI, and Others), COVID-19 Testing, General and Clinical Testing, Esoteric Testing, Specialized Testing, Non-invasive Prenatal Testing, and Others], and Revenue Source (Healthcare Plan Operators and Insurers, Out-of-Pocket, and Public System)
The South & Central America diagnostic labs market is expected to grow from US$ 21.32 billion in 2022 to US$ 36.46 billion by 2028. It is estimated to grow at a CAGR of 9.4% from 2022 to 2028.
The increase in chronic diseases also fuels the need for healthcare systems. Clinical diagnostics have thus proven beneficial in the states with prevalent chronic diseases and are valuable in disease prevention, detection, and treatment. Clinical diagnostics help identify early warning signs and individual risk factors and create new opportunities for prevention and early intervention. Therefore, the rising incidence of chronic diseases is expected to propel the overall market further.
The rising number of COVID-19 infections has led to increased funding and tests, which has boosted the overall market growth. Many tests were carried out in the region to identify the infected person and stop the spread of SARS-CoV-2. Various testing laboratories entered the market and significantly contributed to further growth. Thus, the increasing number of tests due to the constant increase in patient numbers and government funding is expected to surge the demand for various disease testing and exponentially propel the overall diagnostic labs market during the forecast period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America diagnostic labs market growth at a notable CAGR during the forecast period.
South & Central America Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)
South & Central America Diagnostic Labs Market Segmentation
The South & Central America diagnostic labs market is segmented on the basis of lab type, testing services, revenue source, and country. Based on lab type, the market is segmented into single/independent laboratories, hospital-based labs, physician office labs, and others. Based on testing services, the market is divided into physiological function testing, covid-19 testing, general and clinical testing, esoteric testing, specialized testing, non-invasive prenatal testing, and others. By physiological testing services, the market is segmented into ECG, Echo, X-ray, endoscopy, CT, MRI, and others. Based on revenue source, the market is divided into healthcare plan operators and insurers, out-of-pocket, and public systems. Based on country, the regional market is segmented into Brazil, Argentina, and the Rest of SCAM.
South & Central America Diagnostic Labs Market —Companies Mentioned
Quest Diagnostics Incorporated; Eurofins Scientific; Laboratory Corporation of America Holdings; Exact Sciences Laboratories LLC; SYNLAB International GmbH; Dasa Labs; Bio Reference; Sonic Healthcare Limited; and Healius Limited are a few major companies operating in the South & Central America diagnostic labs market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Diagnostic Labs Market – By Lab Type
1.3.2 South & Central America Diagnostic Labs Market – By Testing Services
1.3.3 South & Central America Diagnostic Labs Market – By Revenue Source
1.3.4 South & Central America Diagnostic Labs Market – By Country
2. South & Central America Diagnostic Labs Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Diagnostic Labs Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South & Central America – PEST Analysis
4.3 Expert Opinion
5. South & Central America Diagnostic Labs Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Chronic Diseases
5.1.2 Increasing Use of Point-of-Care Diagnostics
5.2 Market Restraints
5.2.1 Shortage of Skilled Professionals
5.3 Market Opportunities
5.3.1 Increasing Adoption of Automated Platforms
5.4 Future Trends
5.4.1 Growing Developments in Diagnostics Laboratories
6. South & Central America Diagnostic Labs Market– Global Analysis
6.1 South & Central America Diagnostic Labs Market Revenue Forecast and Analysis
7. South & Central America Diagnostic Labs Market Revenue and Forecast to 2028 – by Lab Type
7.1 Overview
7.2 South & Central America Diagnostic Labs Market, by Lab Type 2022 & 2028 (%)
7.3 Hospital-based Labs
7.3.1 Overview
7.3.2 Hospital-based Labs: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Single/Independent Laboratories
7.4.1 Overview
7.4.2 Single/Independent Laboratories: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
7.5 Physician Office Labs (POL)
7.5.1 Overview
7.5.2 Physician Office Labs: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
7.6 Others
7.6.1 Overview
7.6.2 Others: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8. South & Central America Diagnostic Labs Market Revenue and Forecast to 2028 – by Testing Services
8.1 Overview
8.2 South & Central America Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028)
8.3 Physiological Function Testing
8.3.1 Overview
8.3.2 Physiological Function Testing: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.3 Endoscopy Market
8.3.3.1 Overview
8.3.3.2 Endoscopy Market: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.4 X-Ray Market
8.3.4.1 Overview
8.3.4.2 X-Ray Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.5 CT Market
8.3.5.1 Overview
8.3.5.2 CT Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.6 ECG Market
8.3.6.1 Overview
8.3.6.2 ECG Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.7 MRI Market
8.3.7.1 Overview
8.3.7.2 MRI Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.8 Echo Market
8.3.8.1 Overview
8.3.8.2 Echo Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.3.9 Others
8.3.9.1 Overview
8.3.9.2 Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 COVID-19 Testing
8.4.1 Overview
8.4.2 COVID-19 Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.5 General and Clinical Testing
8.5.1 Overview
8.5.2 General and Clinical Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.6 Esoteric Testing
8.6.1 Overview
8.6.2 Esoteric Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.7 Specialized Testing
8.7.1 Overview
8.7.2 Specialized Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.8 Non-invasive Prenatal Testing
8.8.1 Overview
8.8.2 Non-Invasive Prenatal Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
8.9 Others
8.9.1 Overview
8.9.2 Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
9. South & Central America Diagnostic Labs Market Revenue and Forecast to 2028 – by Revenue Source
9.1 Overview
9.2 South & Central America Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028)
9.3 Healthcare Plan Operators and Insurers
9.3.1 Overview
9.3.2 Healthcare Plan Operators and Insurers: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
9.4 Out-of-Pocket
9.4.1 Overview
9.4.2 Out-of-Pocket: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
9.5 Public System
9.5.1 Overview
9.5.2 Public System: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10. South & Central America Diagnostic Labs Market Revenue and Forecast to 2028– by Country
10.1 South and Central America: South & Central America Diagnostic Labs Market Revenue and Forecasts To 2028
10.1.1 Overview
10.1.2 South and Central America: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.3 South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Lab Type (US$ Billion)
10.1.3.1 South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Testing Services (US$ Billion)
10.1.3.1.1 South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion)
10.1.3.2 South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion)
10.1.4 South and Central America: South & Central America Diagnostic Labs Market, by country, 2022 & 2028 (%)
10.1.4.1 Brazil: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.4.1.1 Overview
10.1.4.1.2 Brazil: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.4.1.3 Brazil South & Central America Diagnostic Labs Market, Revenue and Forecasts to 2028, By Lab Type (US$ Billion)
10.1.4.1.4 Brazil: South & Central America Diagnostic Labs Market, Revenue and Forecasts to 2028, By Testing Services (US$ Billion)
10.1.4.1.5 Brazil: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion)
10.1.4.1.6 Brazil: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion)
10.1.4.2 Argentina: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.4.2.1 Overview
10.1.4.2.2 Argentina: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.4.2.3 Argentina: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Lab Type(US$ Billion)
10.1.4.2.4 Argentina: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Testing Services (US$ Billion)
10.1.4.2.5 Argentina: South & Central America Diagnostic Labs Market, Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion)
10.1.4.2.6 Argentina: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion)
10.1.4.3 Rest of South and Central America: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.4.3.1 Overview
10.1.4.3.2 Rest of South and Central America: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.4.3.3 Rest of South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Lab Type (US$ Billion)
10.1.4.3.4 Rest of South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Testing Services (US$ Billion)
10.1.4.3.5 Rest of South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion)
10.1.4.3.6 Rest of South and Central America: South & Central America Diagnostic Labs Market , Revenue and Forecasts to 2028, By Revenue Source (US$ Billion)
11. South & Central America Diagnostic Labs Market–Industry Landscape
11.1 Overview
11.2 Growth Strategies in the South & Central America Diagnostic Labs Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Quest Diagnostics Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eurofins Scientific
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Exact Sciences Laboratories LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SYNLAB International GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dasa Labs
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 BioReference
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sonic Healthcare Limited
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Healius Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type ( US$ Billion).
Table 2. South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion).
Table 3. South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion).
Table 4. South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion).
Table 5. Brazil South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type (US$ Billion).
Table 6. Brazil South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion).
Table 7. Brazil South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion).
Table 8. Brazil South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion).
Table 9. Argentina South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type(US$ Billion).
Table 10. Argentina South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion).
Table 11. Argentina South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion).
Table 12. Argentina South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion).
Table 13. Rest of South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Lab Type (US$ Billion).
Table 14. Rest of South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Testing Services (US$ Billion).
Table 15. Rest of South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Physiological Function Testing (US$ Billion).
Table 16. Rest of South and Central America South & Central America Diagnostic Labs Market Revenue and Forecasts to 2028, By Revenue Source (US$ Billion).
Table 17. Organic Developments in the South & Central America Diagnostic Labs Market
Table 18. Inorganic Developments in the South & Central America Diagnostic Labs Market
Table 19. Glossary of Terms, South & Central America Diagnostic Labs Market
LIST OF FIGURES
Figure 1. South & Central America Diagnostic Labs Market Segmentation
Figure 2. South & Central America Diagnostic Labs Market Overview
Figure 3. Hospital-Based Labs Segment Held Largest Share by Lab Type in Diagnostic Labs market
Figure 4. Brazil Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. South & Central America: PEST Analysis
Figure 6. South & Central America Diagnostic Labs Market Impact Analysis of Driver And Restraints
Figure 7. South & Central America Diagnostic Labs Market – Revenue Forecast and Analysis – 2020- 2028
Figure 8. South & Central America Diagnostic Labs Market, by Lab Type 2022 & 2028 (%)
Figure 9. Hospital-based Labs: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 10. Single/Independent Laboratories: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 11. Physician Office Labs: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Others: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 13. South & Central America Diagnostic Labs Market Revenue Share, by Testing Services (2022 and 2028)
Figure 14. Physiological Function Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Endoscopy Market: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 16. X-Ray Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. CT Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 18. ECG Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 19. MRI Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Echo Market: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. COVID-19 Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 23. General and Clinical Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Esoteric Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Specialized Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Non-Invasive Prenatal Testing: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Others: Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 28. South & Central America Diagnostic Labs Market Revenue Share, by Revenue Source (2022 and 2028)
Figure 29. Healthcare Plan Operators and Insurers: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Out-of-Pocket: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Public System: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 32. South and Central America: South & Central America Diagnostic Labs Market, By Key Country – Revenue (2022) (US$ Billion)
Figure 33. South and Central America South & Central America Diagnostic Labs Market Revenue and Forecast to 2028 (US$ Billion)
Figure 34. South and Central America: South & Central America Diagnostic Labs Market, by country, 2022 & 2028 (%)
Figure 35. Brazil: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 36. Argentina: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 37. Rest of South and Central America: South & Central America Diagnostic Labs Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 38. Growth Strategies in the South & Central America Diagnostic Labs Market (%)
- Quest Diagnostics Incorporated
- Eurofins Scientific
- Laboratory Corporation of America Holdings
- Exact Sciences Laboratories LLC
- SYNLAB International GmbH
- Dasa Labs
- Bio Reference
- Sonic Healthcare Limited
- Healius Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Diagnostic Labs Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in South & Central America Diagnostic Labs Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.