South & Central America Molecular Diagnostics for Infectious Disease Market Forecast to 2030 - Regional Analysis - by Type, End User

The South & Central America molecular diagnostics for infectious disease market was valued at US$ 223.01 million in 2022 and is expected to reach US$ 584.80 million by 2030; it is estimated to grow at a CAGR of 12.8% from 2022 to 2030.

Advancements in Molecular Diagnostics Technologies Fuels the South & Central America Molecular Diagnostics for Infectious Disease Market

Genetic and genomic research has led to the development of molecular diagnostic techniques that focus on nucleic acid detection, which provide new methods for detecting infectious diseases with a fast turnaround time. A molecular diagnostic technique detects multiple pathogens and analyzes drug-resistant genes of pathogens and pathogen homology analysis, making it an increasingly important tool for the early diagnosis of infectious diseases. Molecular diagnostic techniques and platforms are used in all areas of anatomic and clinical pathologies. DNA or RNA sequences associated with disease, including single nucleotide polymorphism, deletions, rearrangements, and insertions, can be detected via molecular diagnostic tests. Conventionally, CT scans, hematological tests, and reverse transcription-PCR (RT-PCR) were used for testing. Due to growing infectious diseases, the need for rapid, precise testing platforms surged to overcome the disadvantages of conventional testing. Computed tomography (CT), a cost-intensive procedure that may not be available in all hospitals, fails to detect viral infections and other diseases in asymptomatic patients. RT-PCR was also time-consuming and could not detect a low viral load during the early stages of infection. Reverse transcription loop-mediated isothermal amplification (RT-LAMP), microarray-based detection, aptamer-based diagnosis, SHERLOCK, SHERLOCKv2, FET Biosensors, cell-based potentiometric diagnosis, and molecular imprinting technology are a few examples of novel molecular diagnostics techniques developed for infectious disease diagnosis. In the last few years, the FDA reports have indicated that molecular testing, antigen-dependent testing, and serological testing have been approved due to the advancements. Collaborative efforts by scientific communities in different countries to manage infectious diseases and reduce the extent of mortality have benefited the overall molecular tools and diagnosis landscape, which will likely create significant opportunities for the molecular diagnostics for infectious diseases market in the future.

South & Central America Molecular Diagnostics for Infectious Disease Market Overview

The molecular diagnostics for infectious disease market in South & Central America is segmented into Argentina, Brazil, and the Rest of South & Central America. The market growth in the region is attributed to the aging population and initiatives by major players in the medical device industry. Furthermore, the prevalence of infectious diseases that demand promising diagnostic test options contributes to the market growth in the region. According to UN AIDS Organization, ~960,000 people were living with HIV in Brazil in 2021. The World Data Atlas stated that the prevalence of HIV has increased from 0.5% in 2002 to 0.6% in 2021, with an average annual growth rate of 4.12%. As a result, Brazil is focusing on introducing self-testing kits through private and public health services or pharmacies. The increasing number of cases of tuberculosis in Brazil is also responsible for the growth of the molecular diagnostics for infectious diseases market. According to World Data Atlas, the incidence rate of tuberculosis in Brazil rose from 43 cases per 100,000 people in 2014 to 48 cases per 100,000 people in 2021. The WHO recommended the use of molecular NAAT tests for TB detection instead of smear microscopy, as the former can detect TB more accurately. Moreover, some of these WHO-endorsed tests can detect mycobacterial gene mutations associated with anti-TB drug resistance, allowing clinicians to tailor effective TB treatment. Countries in South & Central America are improving their healthcare infrastructure by allowing new market players to enter the business. In addition, they are investing and taking interest in improving their healthcare research capabilities, and focusing on adopting advanced therapies and diagnostics for various infectious diseases. Thus, the shift in focus toward having a modern and more accessible healthcare system is expected to benefit the market for infectious diagnostics and therapeutics in South & Central America in the coming years.

South & Central America Molecular Diagnostics for Infectious Disease Market Segmentation

The South & Central America molecular diagnostics for infectious disease market is segmented based on type, end user, application, disease type, infection type, and country.

Based on type, the South & Central America molecular diagnostics for infectious disease market is bifurcated into point-of-care testing and laboratory testing. The laboratory testing segment held a larger South & Central America molecular diagnostics market for infectious disease market share in 2022.

The South & Central America molecular diagnostics for infectious disease market, by end user, is bifurcated into point-of-care testing and laboratory testing. Point-of-care testing is further bifurcated into human testing and vet testing. Similarly, laboratory testing is further bifurcated into human testing and vet testing. The human testing segment, by point-of-care testing, held a larger South & Central America molecular diagnostics market for infectious disease market share in 2022. Additionally, the human testing segment, by laboratory testing, held a larger South & Central America molecular diagnostics market for infectious disease market share in 2022.

Based on application, the South & Central America molecular diagnostics for infectious disease market is bifurcated into point-of-care testing and laboratory testing. Point-of-care testing is further segmented into detection of single pathogen, detection of two or more pathogens, evaluation of emerging novel infections, surveillance and early detection of biothreat agents and diseases-related biomarker, and antimicrobial resistance profiling. Similarly, laboratory testing is further categorized into patient stratification, drug regimen selection, toxicity avoidance, therapeutic monitoring, and detection of predisposition to disease. The detection of a single pathogen segment, by point-of-care testing, held the largest South & Central America molecular diagnostics for infectious disease market share in 2022. Additionally, the drug regimen selection segment, by laboratory testing, held the largest South & Central America molecular diagnostics for infectious disease market share in 2022.

Based on disease type, the South & Central America molecular diagnostics for infectious disease market is bifurcated into point-of-care testing and laboratory testing. Point-of-care testing is further segmented into sepsis (e.g. urogenital/lung/wound), prosthetic joint infection, endocarditis, STDs, mononucleosis, group A streptococcus, and others. Similarly, laboratory testing is further categorized into sepsis, prosthetic joint infection, endocarditis, STDs, chlamydia, gastrointestinal infection, tuberculosis, H1N1 virus, and others. The STDs segment, by point-of-care testing, held the largest South & Central America molecular diagnostics for infectious disease market share in 2022. Additionally, the STDs segment, by laboratory testing, held the largest South & Central America molecular diagnostics for infectious disease market share in 2022.

Based on infection type, the South & Central America molecular diagnostics for infectious disease market is bifurcated into point-of-care testing and laboratory testing. The Point-of-care testing is further segmented into bacteria, viral, fungi, and others. Similarly, laboratory testing is further categorized into bacteria, viral, fungi, and others. The bacteria segment, by point-of-care testing, held the largest South & Central America molecular diagnostics for infectious disease market share in 2022. Additionally, the bacteria segment, by laboratory testing, held the largest South & Central America molecular diagnostics for infectious disease market share in 2022.

Based on country, the South & Central America molecular diagnostics for infectious disease market is categorized into Brazil and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America molecular diagnostics for infectious disease market in 2022.

F. Hoffmann-La Roche Ltd, Abbott Laboratories, Thermo Fisher Scientific Inc, bioMerieux SA, Danaher Corp, Hologic Inc, Siemens Healthineers AG, Bruker Corp, and DiaSorin SpA are some of the leading companies operating in the South & Central America molecular diagnostics for infectious disease market.