Latin America Companion Diagnostics Market Size & Outlook
- Clinical Diagnostics
- In Vitro Diagnostics
- Companion Diagnostics Market Outlook
- In Vitro Diagnostics
Latin America Companion Diagnostics Market, 2021-2033 (US$M)
Global Market
Related Markets
Ask Prism AI anything about the companion diagnostics market
Get a cited answer from GVR research in seconds: segment shares, growth drivers, regulation and forecast assumptions.
Latin America companion diagnostics market highlights
- The Latin America companion diagnostics market generated a revenue of USD 760.2 million in 2024.
- The market is expected to grow at a CAGR of 10.6% from 2025 to 2030.
- In terms of segment, assays, kits, and reagents was the largest revenue generating product and services in 2024.
- Software and Services is the most lucrative product and services segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 760.2 million |
| Market revenue in 2030 | USD 1,350.4 million |
| Growth rate | 10.6% (CAGR from 2025 to 2030) |
| Largest segment | Assays, kits, and reagents |
| Fastest growing segment | Software and Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Assays, Kits, and Reagents, Instruments and Systems, Software and Services |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.4% of the global companion diagnostics market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,539.2 million by 2030.
Latin America offers lucrative opportunities in the companion diagnostics space, driven by the rapid advancement of precision medicine and various R&D initiatives. Collaborations between pharmaceutical companies, diagnostic firms, and service providers are improving access to cutting-edge testing technologies.
In Brazil, growing genetic testing capabilities and a heightened emphasis on precision medicine are propelling market expansion. These partnerships between global innovators and local healthcare providers continue to reinforce Latin America’s standing as a promising region for companion diagnostics.
No credit card required*
Publish Date: May 19, 2026
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
- Turnaround
- 5–10 working days
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Companion Diagnostics Market Scope
Companion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Myriad Genetics Inc | View profile | 2,700 | 320 Wakara Way, Salt Lake City, UT, United States, 84108 | www.myriad.com |
| Foundation Medicine | View profile | 251-500 | Cambridge, Massachusetts, United States, North America | www.foundationmedicine.com |
| Thermo Fisher Scientific, Inc. | View profile | - | - | - |
| Illumina, Inc. | View profile | - | - | - |
| F. Hoffmann-La Roche Ltd. | View profile | - | - | - |
| Abbott | View profile | - | - | - |
| Agilent Technologies, Inc. | View profile | - | - | - |
Latin America Companion Diagnostics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Companion Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Assays, Kits, And Reagents was the largest segment with a revenue share of 63.63% in 2024.
Horizon Databook has segmented the Latin America companion diagnostics market based on assays, kits, and reagents, instruments and systems, software and services covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America offers lucrative opportunities in the companion diagnostics space, driven by the rapid advancement of precision medicine and various R&D initiatives. Collaborations between pharmaceutical companies, diagnostic firms, and service providers are improving access to cutting-edge testing technologies.
In Brazil, growing genetic testing capabilities and a heightened emphasis on precision medicine are propelling market expansion. These partnerships between global innovators and local healthcare providers continue to reinforce Latin America’s standing as a promising region for companion diagnostics.
- Latin America Companion Diagnostics Market Product and Services Outlook (Revenue, USD Million , 2021-2033)
- Assays, Kits, and Reagents
- Instruments and Systems
- Software and Services
- Latin America Companion Diagnostics Market Indication Outlook (Revenue, USD Million , 2021-2033)
- Oncology
- Infectious Diseases
- Cardiovascular Diseases
- Neurological Disorders
- Other Indications
- Latin America Companion Diagnostics Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Polymerase Chain Reaction (PCR)
- Next-generation Sequencing (NGS)
- In-situ Hybridisation (ISH)
- "Immunohistochemistry (IHC) "
- Magnetic Resonance Imaging (MRI)
- Other Technology
- Latin America Companion Diagnostics Market Type Outlook (Revenue, USD Million , 2021-2033)
- Tissue Samples
- Blood Samples
- Other Sample Types
- Latin America Companion Diagnostics Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Academic and Research Centers
- Hospitals and Physician Laboratories
- CROs
- Reference Labaoratories
- Pharmaceutical and Biotechnology Companies
- Other End Use
Reasons to subscribe to Companion Diagnostics Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Companion Diagnostics Market Outlook databook
- Our clientele includes a mix of Companion Diagnostics Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Companion Diagnostics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Companion Diagnostics Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Companion Diagnostics Market, 2021-2033 (US$M)
Latin America Product And Services - Companion Diagnostics Market Statistics, 2025 - 2033 (US$M)
