Argentina Molecular Diagnostics Market Size & Outlook
Argentina Molecular Diagnostics Market, 2018-2030 (US$M)
Global Market
Related Markets
Argentina molecular diagnostics market highlights
- The Argentina molecular diagnostics market generated a revenue of USD 146.1 million in 2024 and is expected to reach USD 212.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6% from 2025 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2024.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Molecular diagnostics market data book summary
| Market revenue in 2024 | USD 146.1 million |
| Market revenue in 2030 | USD 212.1 million |
| Growth rate | 6% (CAGR from 2025 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global molecular diagnostics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 913.4 million by 2030.
The molecular diagnostics market in Argentina is expected to witness significant growth during the forecast period due to the rising prevalence of cancer, supportive government initiatives (such as funding and awareness programs), and extensive R&D activities directed toward developing novel cancer therapies.
Developed by the Leloir Institute Foundation under Andrea Gamarnik of CONICET, this ELISA-based test detects the NS1 viral protein in patients during the acute phase. This innovation enhances early diagnosis capabilities, strengthens Argentina's health independence by reducing reliance on imports, and positions the country as a key player in the molecular diagnostics market, with potential to improve outbreak management regionally and globally.
Increasing awareness about genomic testing is expected to drive the country’s molecular diagnostics market. In 2017, the Ministry of Science and Technology launched the Precision Medicine Initiative Grant to establish scientific knowledge regarding omics technologies in clinical practices. Such initiatives are likely to boost awareness about genetic testing.
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Publish Date: Jan 08, 2025
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Becton Dickinson & Co | View profile | 73,000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | www.bd.com |
| BioMerieux SA | View profile | 13,982 | Marcy l’Etoile, Lyon, France, 69280 | www.biomerieux.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Hologic Inc | View profile | 6,990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | www.hologic.com |
Argentina Molecular 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 Molecular Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 70.91% in 2024.
Horizon Databook has segmented the Argentina molecular diagnostics market based on instruments, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
The molecular diagnostics market in Argentina is expected to witness significant growth during the forecast period due to the rising prevalence of cancer, supportive government initiatives (such as funding and awareness programs), and extensive R&D activities directed toward developing novel cancer therapies.
Developed by the Leloir Institute Foundation under Andrea Gamarnik of CONICET, this ELISA-based test detects the NS1 viral protein in patients during the acute phase. This innovation enhances early diagnosis capabilities, strengthens Argentina's health independence by reducing reliance on imports, and positions the country as a key player in the molecular diagnostics market, with potential to improve outbreak management regionally and globally.
Increasing awareness about genomic testing is expected to drive the country’s molecular diagnostics market. In 2017, the Ministry of Science and Technology launched the Precision Medicine Initiative Grant to establish scientific knowledge regarding omics technologies in clinical practices. Such initiatives are likely to boost awareness about genetic testing.
- Argentina Molecular Diagnostics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Instruments
- Reagents
- Others Product
- Argentina Molecular Diagnostics Market Test Location Outlook (Revenue, USD Million , 2018-2030)
- Point of care
- Self test or OTC
- Central laboratories
- Argentina Molecular Diagnostics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- PCR
- ISH
- INAAT
- Chips and microarrays
- Mass spectrometry
- Sequencing
- TMA
- Others Technology
- Argentina Molecular Diagnostics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Oncology
- Pharmacogenomics
- Infectious disease
- Genetic testing
- Neurological disease
- Cardiovascular disease
- Microbiology
- Others Application
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina Molecular Diagnostics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Argentina Molecular Diagnostics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Argentina Molecular Diagnostics Market, 2018-2030 (US$M)
Argentina Product - Molecular Diagnostics Market Statistics, 2024 - 2030 (US$M)
