LATAM laboratory Equipment and Disposables Market How Top Leading Companies Can Make This Smart Strategy Work

Pune, Maharashtra, India, September 15 2020 (Wiredrelease) Allied Analytics –:The LATAM laboratory equipment and disposables market size 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.

Laboratory equipment are tools used by lab technicians or scientists working in a laboratory. They are used to perform various tasks such as analysis of biological samples of patients, preparation of cell culture mediums for research, and studying tissues for diagnosis of various diseases. Moreover, laboratories perform clinical testing, pathological testing, and microbiological testing by using these equipment and disposables. 

Covid-19 scenario:

As researchers are working relentlessly to develop a vaccine and potential treatments for Covid-19, there has been a significant demand for different laboratory equipment.Health governing bodies such as WHO released laboratory testing guidelines for Covid-19 in suspected cases.As the countries raise their responses to determine, manage, and treat increasing cases of Covid-19, acquiring sufficient laboratory equipment and disposables has become a major part of strategy.

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The report offers a detailed segmentation of the LATAM laboratory equipment and disposables market based on product, end user, and country.

Based on product, the disposables segment accounted for nearly two-thirds of the total share in 2019, and is expected to maintain its leadership status in terms of revenue during the forecast period. However, the equipment segment is estimated to witness the highest CAGR of 6.6% from 2020 to 2027.

Based on end user, the clinical diagnostics centers segment held the highest share with more than three-fifths of the LATAM laboratory equipment and disposables market revenue in 2019, and is expected to continue its dominant position throughout the forecast period. On the other hand, the forensics industrysegment would grow at the largest CAGR of 7.7% from 2020 to 2027.

Based on region,Brazil accounted for the highest share with more than one-third of the total market share in 2019, and is expected to maintain its leadership status by 2027.However, Panama is expected to portray the highest CAGR of 8.7% from 2020 to 2027. The research also analyzes Mexico, Colombia, Argentina, Peru, Costa Rica, and rest of Latin America.

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Leading players analyzed in the LATAM laboratory equipment and disposables market include Agilent Technologies, Inc.,Bruker Corp, Bio-Rad Laboratories, Fujifilm Irvine Scientific, Danaher Corp, Sartorius AG, PerkinElmer Inc., Thermofisher Scientific Inc., Shimadzu Corporation, and Waters Corp.

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