Latin America Companion Diagnostics Market Size & Outlook
Latin America companion diagnostics market, 2018-2030 (US$M)
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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.
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Companion Diagnostics Market Scope
Companion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 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.
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Target buyers of Latin America companion diagnostics market databook
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Our clientele includes a mix of companion diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 , including forecasts for subscribers. This continent databook contains high-level insights into Latin America companion diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America companion diagnostics market size, by country, 2018-2030 (US$M)
Latin America Companion Diagnostics Market Outlook Share, 2024 & 2030 (US$M)
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