Latin America PoC Diagnostics Market - Opportunity Analysis and Industry Forecast (2020-2027)

The Latin American Point-of-Care (PoC) diagnostics market is expected to grow at a CAGR of 16.1% from 2020 to 2027 to reach at $203 million by 2027. The Latin America region has noted significant epidemiological burden of infectious diseases like severe acute respiratory syndrome (SARS), Middle East respiratory syndrome (MERS), Ebola, chikungunya, avian flu, swine flu, Zika, and COVID-19 in the recent years. The increased prevalence of these diseases have led to a greater demand for PoC diagnostics technologies in the region. Furthermore, the growing geriatric population, increasing initiatives by manufacturers to widen their portfolio and enhance availability of advanced products in the Latin American region, shortage of skilled laboratory technicians, and increasing funding/investments for the development of PoC products are expected to propel the growth of the PoC diagnostics market in the region.

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