Argentina In Vitro Diagnostics Market Size & Outlook, 2025-2028
Argentina In Vitro Diagnostics Market Size
According to Straits Research analysis, the Argentina In Vitro Diagnostics Market was valued at USD 421.72 Million in 2024 and is projected to reach USD 561.36 Million by 2028, expanding at a CAGR of 7.6% during the forecast period. The primary demand is driven by industries such as agriculture and healthcare, providing diagnostics for crop diseases and human health conditions, respectively. Significant market drivers also include emerging trends in technological advancements such as point-of-care testing, molecular diagnostics, and biotechnological applications in agriculture and chemical industries. The country's ongoing efforts to promote greener, low-carbon production strategies and sustainable practices provide immense growth potential. As Argentina strives to position itself as a Latin American leader in the In Vitro Diagnostics market, it continues to exploit competitive advantages in technological innovation, sustainability initiatives, and robust domestic and international demand.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina In Vitro Diagnostics Market Highlights
- By segment, Reagents and Kits emerged as the largest Product and Services in terms of market size in 2024.
- Reagents and Kits is anticipated to remain the most attractive Product and Services segment, recording the fastest growth during the forecast period.
- In 2024, Argentina accounted for 0.51% of the global in vitro diagnostics market size.
- By 2028, United States is expected to lead the global in vitro diagnostics market in terms of market size.
- Within Latin America, Rest of Latin America is projected to dominate the regional in vitro diagnostics market size by 2028.
- Mexico is identified as the fastest-growing market in Latin America, anticipated to reach USD 4707 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2028 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 421.72 Million |
| Market Size In 2028 | USD 561.36 Million |
| Largest segment | Reagents and Kits |
| Fastest segment | Reagents and Kits |
| Units | Revenue in USD Million |
| CAGR | 7.6% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Argentina In Vitro Diagnostics Market Share By Product and Services
Segmentation Covered
| Segments | Sub Segments |
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| Product and Services |
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| Technology |
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| Application |
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| End User |
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Argentina In Vitro Diagnostics Market By Product and Services 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina In Vitro Diagnostics Market By Technology 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina In Vitro Diagnostics Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Argentina In Vitro Diagnostics Market By End User 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
