South America In Vitro Diagnostics (IVD) Market Size & YoY Growth (2025–2032)

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in USD Billion & Percentage

South America IVD Market Value Growth Supported by Diagnostic Access Expansion

Published by MMR Statistics Reserch Team, January 2026

The South America In Vitro Diagnostics market reflects a stable and moderate value growth trajectory, supported by expanding access to diagnostic services and gradual modernisation of healthcare infrastructure. In 2025, the IVD market generated USD 4.62 billion, driven by routine clinical testing demand across public and private healthcare facilities. The market is expected to reach to USD 4.82 billion in 2026, supported by improving laboratory penetration and wider adoption of automated diagnostic platforms. Growth remains steady through the forecast period, reaching at USD 5.57 billion by 2030, as chronic disease screening and preventive diagnostics gain prominence. By 2032, the South American IVD market is projected to reach USD 5.89 billion, supported by rising healthcare expenditure, expansion of private diagnostic networks, and sustained demand for cost-effective testing solutions across key regional economies.

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In Vitro Diagnostics (IVD)

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Information

Unit

in USD Billion & Percentage

Region

South America

Time Period

2025-2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

Publisher Link

https://www.mmrstatistics.com/

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