LATAM laboratory Equipment and Disposables Market Estimated To Grow By Regions Forecast To 2023 to 2031

The LATAM laboratory equipment and disposables market was valued at $1,759 million in 2019, and is projected to reach $2,831 million by 2027, registering a CAGR of 6.1% from 2020 to 2027. Technological advancements in the field of laboratory equipment, increase in number of clinical diagnostic procedures, and rise in private & public healthcare investments in Latin America drive the market growth. In addition, favorable insurance policies related to laboratory equipment further supplements the market growth. Furthermore, increase in research related to life science and biotechnology boosts the growth of the laboratory equipment and disposables market.

Laboratory is a setting that is equipped to perform scientific experiments, carry out research, and execute analyses of different scientific materials. To perform these activities, laboratories use equipment such as incubators micro manipulation systems,centrifuges, lab air filtration system, scopes, sonicators& homogenizers, autoclaves & sterilizers, spectrophotometers & microarray equipment, and bioreactors. The disposables required in laboratories include pipettes, tips, tubes, dishes, gloves, mask, cuvettes, cell imaging consumables, and cell culture consumables. These are used to perform different tests such as analysis of urine, blood, body tissues, and other body fluids. These are also employed in microbiological and pathological testing.

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However, high cost of technologically advanced laboratory equipment and dearth of clinical laboratories in some nations hamper the market growth.Moreover, growth in adoption of clinical diagnostic testing and high market potential in emerging economies provide lucrative opportunities for the market.This report segments the laboratory equipment and disposables market on the basis of product type, end user, and country to provide a detailed assessment of the market. By type, the market is divided into equipment and disposables. Equipment is further divided into incubators, micro manipulation systems,centrifuges, lab air filtration system, scopes, sonicators& homogenizers, autoclaves & sterilizers, spectrophotometers µarray equipment bioreactors, and other equipment. Similarly, disposables segment is further classified into pipettes, tips, tubes, cuvettes, dishes, gloves, mask, cell imaging consumables, and cell culture consumables.

On the basis of end user, the market is divided into academic institutes, clinical diagnostic centers, forensic industry, and others. Country wise, it is analyzed across Brazil, Mexico, Argentina, Colombia, Peru, Costa Rica, Panama, and rest of Latin America.

The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.

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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).

KEY BENEFITS FOR STAKEHOLDERS– The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.– It offers a quantitative analysis from 2019 to 2027, which is expected to enable stakeholders to capitalize on prevailing market opportunities.– A comprehensive analysis of the countries in Latin America is provided to determine the existing opportunities.– The key market players and their strategies have been analyzed to understand the competitive outlook of the market.

LIST OF KEY PLAYERS PROFILED IN THE REPORT– Agilent Technologies, Inc.– Bio-Rad Laboratories– Bruker Corp– Danaher Corp– Fujifilm Irvine Scientific– PerkinElmer Inc.– Sartorius AG– Shimadzu Corporation– Thermofisher Scientific Inc.– Waters Corp

– Eppendorf AG

KEY MARKET SEGMENTSBy Product

– Equipmento Incubatorso Laminar flow hoodo Micro manipulation systemso Centrifugeso Lab air filtration systemo Scopeso Sonicators& homogenizerso Autoclaves & sterilizerso Spectrophotometers& microarray equipmento Bioreactorso Others

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– Disposableso Pipetteso Tipso Tubeso Cuvetteso Disheso Gloveso Maskso Cell Imaging Consumableso Cell Culture Consumables

By End User– Academic Institute– Clinical Diagnostic Centers– Forensics Industry– Others

By Country

– Brazil– Mexico– Argentina– Colombia– Peru– Costa Rica– Panama– Rest of Latin America

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