Latin America Precision Oncology Market Size & Outlook
Latin America Precision Oncology Market, 2018-2030 (US$M)
Global Market
Related Markets
Latin America precision oncology market highlights
- The Latin America precision oncology market generated a revenue of USD 3,423.9 million in 2024.
- The market is expected to grow at a CAGR of 7.8% from 2025 to 2030.
- In terms of segment, therapeutics was the largest revenue generating product in 2024.
- Diagnostics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 3,423.9 million |
| Market revenue in 2030 | USD 5,358.5 million |
| Growth rate | 7.8% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | Thermo Fisher Scientific Inc, Invitae Corp, Qiagen NV, Illumina Inc, Exact Sciences Corp, Rain Oncology, Strata Oncology, Xilis, Variantyx, BioServe, Relay Therapeutics, Acrivon Therapeutics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.0% of the global precision oncology 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 50,287.5 million by 2030.
The precision oncology market in Latin America is expected to experience at a significant CAGR throughout the forecast period. The increasing investment in healthcare infrastructure and the adoption of advanced diagnostic and therapeutic technologies are major market drivers in the region.
Countries such as Brazil, and Argentina are expanding access to molecular diagnostics and targeted therapies to address the rising burden of cancer in the region. Initiatives such as public-private partnerships, regional collaborations, and government funding for cancer care are enhancing the availability of precision oncology solutions, driving market growth across Latin America.
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Publish Date: Jan 22, 2025
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Precision Oncology Market Scope
Precision Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Exact Sciences Corp | View profile | 6,600 | 5505 Endeavor Lane, Madison, WI, United States, 53719 | www.exactsciences.com |
| Invitae Corp | View profile | 1,700 | 1400 16th Street, San Francisco, CA, United States, 94103 | www.invitae.com |
| Rain Oncology | View profile | 101-250 | Newark, California, United States, North America | www.rainoncology.com |
| Strata Oncology | View profile | 51-100 | Ann Arbor, Michigan, United States, North America | www.strataoncology.com/ |
| Xilis | View profile | 51-100 | Durham, North Carolina, United States, North America | www.xilis.net |
| Variantyx | View profile | 101-250 | Framingham, Massachusetts, United States, North America | www.variantyx.com |
| BioServe | View profile | 51-100 | Beltsville, Maryland, United States, North America | bioserve.com |
Latin America Precision Oncology 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 Precision Oncology Market Outlook will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 76.62% in 2024.
Horizon Databook has segmented the Latin America precision oncology market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
The precision oncology market in Latin America is expected to experience at a significant CAGR throughout the forecast period. The increasing investment in healthcare infrastructure and the adoption of advanced diagnostic and therapeutic technologies are major market drivers in the region.
Countries such as Brazil, and Argentina are expanding access to molecular diagnostics and targeted therapies to address the rising burden of cancer in the region. Initiatives such as public-private partnerships, regional collaborations, and government funding for cancer care are enhancing the availability of precision oncology solutions, driving market growth across Latin America.
- Latin America Precision Oncology Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostics
- Therapeutics
- Latin America Precision Oncology Market Cancer Outlook (Revenue, USD Million , 2018-2030)
- Breast Cancer
- Colorectal Cancer
- Cervical Cancer
- Prostate Cancer
- Lung Cancer
- Others
- Latin America Precision Oncology Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals & Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- Healthcare Data Companies
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Precision Oncology Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Precision Oncology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Precision Oncology Market, 2018-2030 (US$M)
Latin America Product - Precision Oncology Market Statistics, 2024 - 2030 (US$M)
