South & Central America Precision Diagnostics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Genetic Tests, Esoteric Tests, and Others), Application (Oncology, Cardiology, Respiratory Diseases, Immunology, and Others), and End User (Clinical Laboratories, Hospitals, Homecare, and Others)
The precision diagnostics market in South & Central America is expected to grow from US$ 4,523.35 million in 2022 to US$ 9,009.71 million by 2028. It is estimated to grow at a CAGR of 12.2% from 2022 to 2028.
The precision medicine concept is being applied robustly in caring for rare diseases. Although it is more popular in oncology, it is gradually spreading to other specialties. The rising prevalence of cancer and the growing incidence of rare neurological disorders are increasing the demand for precision medicine, driving the growth of the precision diagnostics market. In addition, the rising demand for treatment procedures in oncology and other disorders is surging the adoption of treatment procedures. The genetic test is helpful in many areas of medicine as it identifies mutations or variants in the DNA. Genetic testing, for example, provides information about the risk of developing cancer and diagnose genetic conditions, such as Fragile X syndrome or Huntington's disease.
Moreover, the growing number of strategic collaborations between biopharmaceutical companies, to develop medicines targeted to treat a specific group of patients based on their particular needs and to provide effective treatment procedures and services, is increasing the number of clinical trials. The factors mentioned above are driving the precision diagnostics market growth.
South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Precision Diagnostics Market Segmentation
The South & Central America precision diagnostics market is segmented by type, application, end user, and country. Based on type, the market is segmented into genetic tests, esoteric tests, and others. The genetic tests segment dominated the market in 2022.
- Based on application, the market is fragmented into oncology, cardiology, immunology, respiratory diseases, and others. The oncology segment dominated the market in 2022. Based on end user, the market is segmented into hospitals, clinical laboratories, home care, and others. The clinical laboratories segment dominated the market in 2022.
- Based on country, the market is segmented into Brazil, Argentina, and the rest of South & Central America. Further, Brazil dominated the market in 2022.
A few key players dominating the South & Central America precision diagnostics market are Abbott, Bayer AG, Koninklijke Philips N.V., Novartis AG, QIAGEN, Quest Diagnostics Incorporated, Sanofi, Siemens Healthineers AG, and Swiss Precision Diagnostics GmbH.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Precision Diagnostics Market – By Type
1.3.2 South & Central America Precision Diagnostics Market – By Application
1.3.3 South & Central America Precision Diagnostics Market – By End User
1.3.4 South & Central America Precision Diagnostics Market – By Country
2. South & Central America Precision Diagnostics Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Precision Diagnostics 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 Precision Diagnostics Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand for Personalized Medicine
5.1.2 Rising Application in Oncology and Other Disorders
5.2 Market Restraints
5.2.1 High Investments Involved in the R&D of Precision Medicine and Diagnostic Kits
5.3 Market Opportunities
5.3.1 Growing Advancement In Digital Solutions
5.4 Future Trends
5.4.1 Usage of Artificial Intelligence and Machine Learning in Precision Diagnostics
5.5 Impact Analysis
6. Precision Diagnostics Market– South & Central America Analysis
6.1 South & Central America Precision Diagnostics Market Revenue Forecast and Analysis
7. South & Central America Precision Diagnostics Market– by Type
7.1 Overview
7.2 Genetic Tests
7.2.1 Overview
7.2.2 Genetic Tests: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
7.3 Esoteric Tests
7.3.1 Overview
7.3.2 Esoteric Tests: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Precision Diagnostics Market– by Application
8.1 Overview
8.2 Oncology
8.2.1 Overview
8.2.2 Oncology: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
8.3 Cardiology
8.3.1 Overview
8.3.2 Cardiology: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Respiratory Diseases
8.4.1 Overview
8.4.2 Respiratory Diseases: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
8.5 Immunology
8.5.1 Overview
8.5.2 Immunology: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Precision Diagnostics Market– by End User
9.1 Overview
9.2 Clinical Laboratories
9.2.1 Overview
9.2.2 Clinical Laboratories: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
9.4 Homecare
9.4.1 Overview
9.4.2 Homecare: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: South & Central America Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Precision Diagnostics Market– by Country
10.1 South & Central America: Precision Diagnostics Market – Revenue and Forecast to 2028
10.1.1 Overview
10.1.2 South & Central America Precision Diagnostics Market, by Country, 2022 & 2028 (%)
10.1.2.1 Brazil: Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Brazil Precision Diagnostics Market Revenue And Forecasts to 2028 (US$ MN)
10.1.2.1.2 Brazil Precision Diagnostics Market Revenue and Forecast to 2028, By Type (US$ Million)
10.1.2.1.3 Brazil Precision Diagnostics Market Revenue and Forecast to 2028, By Application (US$ Million)
10.1.2.1.4 Brazil Precision Diagnostics Market Revenue and Forecast to 2028, By End User (US$ Million)
10.1.2.2 Argentina: Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Argentina Precision Diagnostics Market Revenue And Forecasts to 2028 (US$ MN)
10.1.2.2.2 Argentina Precision Diagnostics Market Revenue and Forecast to 2028, By Type (US$ Million)
10.1.2.2.3 Argentina Precision Diagnostics Market Revenue and Forecast to 2028, By Application (US$ Million)
10.1.2.2.4 Argentina Precision Diagnostics Market Revenue and Forecast to 2028, By End User (US$ Million)
10.1.2.3 Rest of South & Central America: Precision Diagnostics Market Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Rest of South & Central America Precision Diagnostics Market Revenue And Forecasts to 2028 (US$ MN)
10.1.2.3.2 Rest of South & Central America Precision Diagnostics Market Revenue and Forecast to 2028, By Type (US$ Million)
10.1.2.3.3 Rest of South & Central America Precision Diagnostics Market Revenue and Forecast to 2028, By Application (US$ Million)
10.1.2.3.4 Rest of South & Central America Precision Diagnostics Market Revenue and Forecast to 2028, By End User (US$ Million)
11. South & Central America Precision Diagnostics Market –Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.2.2 Organic Growth Strategies in the Precision Diagnostics Market, 2018-2022
11.3 Inorganic Developments
11.3.1 Overview
11.3.2 Inorganic Growth Strategies in the Precision Diagnostics Market, 2018-2022
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 QIAGEN
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 Swiss Precision Diagnostics GmbH
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 Koninklijke Philips N.V.
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 Siemens Healthineers AG
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 Abbott
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 Novartis AG
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 Sanofi
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
12.9 Bayer AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Precision Diagnostics Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Precision Diagnostics Market Revenue and Forecast to 2028, By Type (US$ Mn)
Table 3. Brazil Precision Diagnostics Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 4. Brazil Precision Diagnostics Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 5. Argentina Precision Diagnostics Market Revenue and Forecast to 2028, By Type (US$ Mn)
Table 6. Argentina Precision Diagnostics Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 7. Argentina Precision Diagnostics Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 8. Rest of South & Central America Precision Diagnostics Market Revenue and Forecast to 2028, By Type (US$ Mn)
Table 9. Rest of South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 10. Rest of South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 11. Recent Organic Growth Strategies in the Precision Diagnostics Market
Table 12. Recent Inorganic Growth Strategies in the Precision Diagnostics Market
Table 13. Glossary of Terms, South & Central America Precision Diagnostics Market
LIST OF FIGURES
Figure 1. South & Central America Precision Diagnostics Market Segmentation
Figure 2. South & Central America Precision Diagnostics Market Segmentation, By Country
Figure 3. South & Central America Precision Diagnostics Market Overview
Figure 4. Genetic Tests Held Largest Share Of Type Segment In South & Central America Precision Diagnostics Market
Figure 5. Brazil Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. South & Central America: PEST Analysis
Figure 7. Experts’ Opinion
Figure 8. South & Central America Precision Diagnostics Market Impact Analysis Of Driver And Restraints
Figure 9. South & Central America Precision Diagnostics Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. South & Central America Precision Diagnostics Market Share by Type - 2022 & 2028 (%)
Figure 11. Genetic Tests: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 12. Esoteric Tests: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 13. Others: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 14. South & Central America Precision Diagnostics Market Share by Application- 2022 & 2028 (%)
Figure 15. Oncology: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 16. Cardiology: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 17. Respiratory Diseases: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 18. Immunology: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 19. Others: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 20. South & Central America Precision Diagnostics Market Share by End User - 2022 & 2028 (%)
Figure 21. Clinical Laboratories: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 22. Hospitals: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 23. Homecare: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 24. Others: South & Central America Precision Diagnostics Market Revenue and Forecasts to 2028 (US$ million)
Figure 25. South & Central America Precision Diagnostics Market Revenue Overview, By Country (2022) (US$ Mn)
Figure 26. South & Central America: Precision Diagnostics Market, by Country, 2022 & 2028 (%)
Figure 27. Brazil Precision Diagnostics Market Revenue And Forecasts to 2028 (US$ MN)
Figure 28. Argentina Precision Diagnostics Market Revenue And Forecasts to 2028 (US$ MN)
Figure 29. Rest of South & Central America Precision Diagnostics Market Revenue And Forecasts to 2028 (US$ MN)
- Abbott
- Bayer AG
- Koninklijke Philips N.V.
- Novartis AG
- QIAGEN
- Quest Diagnostics Incorporated
- Sanofi
- Siemens Healthineers AG
- Swiss Precision Diagnostics
- GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America Precision Diagnostics 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 the South & Central America Precision Diagnostics 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 Precision Diagnostics Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution