Latin America HPV Testing And Pap Test Market

Latin America HPV Testing And Pap Test Market is Expected to
Increase from $240 Million in 2016 to $320 Million in 2021 at a
CAGR of 9.7% for 2017-2021
According to the report , published by Market Data Forecast. Latin America HPV Testing
and Pap Test Market size was around USD 240 million in 2016. It is expected to grow
at a CAGR of 5.5% to reach USD 320 million by 2021. It captures 7% of the global
market.
The Papanicolaou test is a procedure of cervical screening utilized for detecting
potentially pre-cancerous and cancerous processes in the cervix (opening of the womb
or uterus). Irregular findings are usually followed up by more sensitive diagnostic tests,
and based on the need interventions that prevent progression to cervical cancer are
implemented.
Numerous factors for example, growing aging population, rising number of cervical
cancer cases, growing awareness of cervical cancer screening programs, and
government initiative and funding are driving the growth of the HPV testing market.
Moreover, in order to carry out awareness campaigns, the government and major
companies are funding the universities for developing enhanced technologies to
facilitate effective screening, to mitigate the incidence of late-stage cervical cancer.
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In spite of that, changes in regulatory guidelines for cervical cancer screening and HPV
vaccination are few factors hindering the growth of this market. Additionally, the
uncertain reimbursement scenario is a major challenge inhibiting the growth of the HPV
test and Pap test market.
HPV testing market is segmented into two major segments on the basis of test type,
namely, HPV testing. Follow-up HPV testing, HPV primary testing and co-testing are
three sub-categories of HPV testing. The Pap test category is estimated to command the
largest share of the HPV testing market in 2016. HPV testing category is projected to
grow at the highest CAGR in the forecast period because of the growing incidences of
cervical cancer, rising awareness of HPV screening, along with the introduction of HPV
primary test. If we go by application, the Latin America HPV testing market is segmented
into two major categories, namely, vaginal cancer screening and cervical cancer
screening.
The cervical cancer screening application category is estimated to command the largest
share of the Pap test market in 2016. This large share is because of the rising
incidences of cervical cancer and government initiatives to increase the awareness
regarding the benefits of cervical cancer screening. Pap test market is categorized into
three segments on basis of end users, namely, laboratories, hospitals, physicians’
offices and clinics. The laboratories end-user category is likely to command the largest
share of the Pap test market in 2016. Moreover, the hospitals end-user category is
estimated to grow at the highest CAGR in the future, because most of the diagnostic
tests are carried out in-house in hospitals using advanced technologies in relatively
shorter period of time.
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Market Segmentation
Type
Introduction
HPV Testing
Follow-Up HPV Testing
Co-Testing
Primary HPV Testing
PAP Test
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
Application
Introduction
Cervical Cancer Screening
Vaginal Cancer Screening
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
End User
Introduction
Laboratories
Hospitals
Physicians’ Offices and Clinics
Y-o-Y Growth Analysis, By End User
Market Attractiveness Analysis, By End User
Market Share Analysis, By End User
On the basis of geography the Latin America market is segmented into Brazil, Chile,
Argentina and others. It is second to last in terms of market share. Brazil is the leading
player in the region.
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Abbott Laboratories (U.S.), Qiagen N.V. (The Netherlands), Hologic Inc. (U.S.), Roche
Diagnostics (Switzerland), Quest Diagnostics (U.S.), Becton, Dickinson and Company
(U.S.) are the key players operating in the HPV testing market.
Scope of the Report:
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Regional and country-level analysis and forecasts of the study market; providing
Insights on the major countries/regions in which this industry is blooming and to also
identify the regions that are still untapped
Segment-level analysis in terms of application, test type and end user along with market
size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the
market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the latin america
market; which includes broadly demographic, economics, and political, among other
macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an
Industry, using Porter’s five forces analysis for analyzing the level of competition and
business strategy development
A comprehensive list of key market players along with their product portfolio, current
strategic interests, key financial information, legal issues, SWOT analysis and analyst
overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in
the field along with new product launches, comparative financial studies and recent
developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making
personnel can rapidly become acquainted with background information, concise analysis
and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both
individuals and organizations a strong financial foothold in the market
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Market Data Forecast
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Latin America HPV Testing and Pap Test Market size was around USD 240 million in 2016. It is expected to grow at a CAGR of 5.5% to reach USD 320 million by 2021.