The Latin American COVID-19 diagnostics market will see a decline in CAGR of 19.5% during the forecast period. As Latin American countries are significantly expanding their testing capacity every month, the demand for RT-PCR testing has been emerging across these countries. For instance, on 6th May 2020, the Brazilian Health Ministry declared a national testing plan to curb and combat the COVID-19 pandemic. It had declared the target of buying 46 million tests. The program comprises dubbed Confirma COVID-19, which includes the lab test, referred to as RT-PCR. The objective is to buy a total of 24 million RT-PCR tests, suitable for people running symptoms until the eighth day since the infection.

A full Report of Latin America COVID-19 diagnostics Market Available at: https://www.omrglobal.com/industry-reports/latin-america-covid-19-diagnostics-market

Additionally, the launch of new antigen tests may offer an opportunity for the increasing adoption of antigen tests in the country. Antigen tests can detect the presence of viral proteins in a biological sample, including saliva or tissue swabbed from the nasal cavity. These tests are normally cost-effective and provide results in minutes, as well as reveals an active infection. The antigen test that is available in Brazil includes QuickProfile COVID-19 Antigen Test, offered by Lumiquick Diagnostics, Inc. It is a method of the target antigen (or antibody) capture in samples with the use of a specific antibody (or antigen), and target molecule detection/quantitation using an enzyme reaction with its substrate. Emerging shift towards faster detection of COVID-19 and increasing focus of biotechnology companies and research institutes towards the development of more accurate and faster tests, is creating possibilities for the launch of new COVID-19 tests, including antigen test, in Latin American countries.

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Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Latin American COVID-19 Diagnostics Market – Segmentation

By Type

• Instruments
• Reagents & Kits
• Laboratory Testing Services

By Technology Type

• PCR Test
• Antigen Test
• Serology Test
• Rapid/ PoC Test

By Sample Type

• Oropharyngeal & Nasopharyngeal Swabs
• Blood
• Urine
• Saliva
• Others (Sperm)

By End-Users

• Laboratories
• Hospitals
• Diagnostic Centers & Clinics
• Research Institutes

Latin American COVID-19 Diagnostics Market – Segmentation by Geography

• Mexico
• Brazil
• Argentina
• Colombia
• Rest of Latin America

Company Profiles

• Biolinker Synthetic Biology
• Biologix Group Ltd.
• CT Vacinas
• Diagnos Med srl
• Hi Technologies
• Orangelife Comercio e Industria Ltd.

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