BUENOS AIRES, Argentina, June 1 /PRNewswire/ -- With the introduction of new players in the competitive landscape and accuracy levels improving, rapid tests are beginning to overcome initial resistance. These emerging players have the ability to potentially increase the addressable market and product awareness.
Frost & Sullivan finds that Latin American Rapid Tests players for Infectious Diseases earned revenues of $28 million in 2005 and estimates to reach $40 million in 2010.
If you are interested in a brochure, which provides manufacturers, end users, and other industry participants with an overview of the Latin American Rapid Test Markets for Infectious Diseases, then send an e-mail to Melina Trevino, Corporate Communications, at melina.trevino@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
“The ability of new rapid tests to be dispersed at fractionally low cost across large distances makes it an especially attractive market for the Latin American region,” says Frost & Sullivan Research Analyst Natalia Scomparin.
Expected growth of this market in Latin America is triggered by the kind of geographical and healthcare infrastructure encountered in most of these countries. It is this difficulty in the access to basic infrastructure conditions needed to perform traditional testing, together with higher levels of accuracy that the rapid tests technologies are offering that constitute the two key factors propelling the expected growth of this market.
“Lack of promotion of these techniques together with yet unexplored potential market users are two avenues to closely consider when targeting growth objectives among this category,” notes Scomparin.
As the market reaches a more mature level of development, new Tier 1 entrants expect to use a combination of price and niche product strategy to reach the higher end of the potential addressable market size in the medium and long term.
The Latin American Rapid Test Markets for Infectious Diseases market service is part of the Clinical Diagnostics Growth Partnership Service. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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Latin American Rapid Test Markets for Infectious Diseases F 829 Contact: Melina Trevino Corporate Communications - North America P: 210.247.2440 F: 210.348.1003 E: melina.trevino@frost.com Radhika Menon Theodore Corporate Communications - Europe P: +91 (044) 52044668 E: rmtheodore@frost.com Jasminder Kaur Corporate Communications - Asia Pacific P: 65.6890.0937 F: 65.6890.0988 E: jkaur@frost.com Surbhi Dedhia Corporate Communications - India P: +91 22 2832 4705 Ext: 131 E: sdedhia@frost.comhttp://www.frost.com
Frost & Sullivan
CONTACT: Melina Trevino, Corporate Communications - North America,+1-210-247-2440, or fax, +1-210-348-1003, or melina.trevino@frost.com , orRadhika Menon Theodore, Corporate Communications - Europe,+91-044-52044668, or rmtheodore@frost.com , or Jasminder Kaur, CorporateCommunications - Asia Pacific, +65-6890-0937, or fax, +65-6890-0988, orjkaur@frost.com , or Surbhi Dedhia, Corporate Communications - India,+91-22-2832-4705 Ext: 131, or sdedhia@frost.com , all of Frost & Sullivan
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