Brazil Diagnostic Labs Market to be dominated by Radiology Segment through 2028
Increasing prevalence of chronic diseases is expected to drive
the growth of Brazil Diagnostic Market in the forecast period, 2024-2028.
According to TechSci Research report, “Brazil Diagnostic Labs Market - Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,
the Brazil Diagnostic Labs Market is
anticipated to grow at a steady rate in the forecast period, 2024-2028. This
can be ascribed to the flourishing diagnostics industry in the country.
Additionally, the establishment of new diagnostic labs service providers is
further expected to create lucrative opportunities for the market growth in the
coming years. Besides, ageing population which is susceptible to injuries,
falls, and various types of diseases is further expected to drive the market
for diagnostic labs in the country.
Besides,
sudden outbreak and spread of pandemic COVID-19 has increased the demand for
Diagnostic labs. As the COVID-19 pandemic significantly impacted the country,
diagnosis of infectious diseases and operations of clinical laboratories significantly
increased. The pandemic outbreak significantly increased the number of COVID-19
tests performed and after recovery post-COVID-19 health tests such as Kidney
Function Tests, Liver Function Tests, among others performed. This in turn
opened new growth prospects for the diagnostic labs market in Brazil.
Besides, Shortage
of skilled professionals for performing various diagnostic techniques is
supposed to hinder the growth of the Brazil diagnostic labs market in the
forecast period.
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Brazil
Diagnostic Labs Market can be segmented by Provider Type, by Test Type, by End User
and by region.
Based on the
provider type, the Brazil Diagnostic Labs Market can be segmented into,
Hospital Based Diagnostic Labs, Diagnostic Chains and Stand-Alone Diagnostic
Labs. The Hospital Based Diagnostic Labs segment dominated the market in 2022
on account of availability of distinct testing and diagnostic facilities
available for the inpatient, outpatient and walk-in patients who are intended
to take further services after getting the test results. Also, Hospital-based
laboratories generally perform more tests than all the other laboratory types,
combined.
Based on type
of test, the Brazil Diagnostic Labs Market can be segmented into pathology and
radiology segment. The Radiology segment is dominating the market in 2022 and
will maintain its dominance throughout the forecast period. This can be
attributed to the increased utilization of the radiological services and prevalence
of chronic disease among the Brazilian population.
Based on end
user, the Brazil Diagnostic Labs Market can be segmented into Walk-ins,
Referrals and Corporate Clients. The referrals segment dominated the market in
2022 and will maintain its dominance throughout the forecast period. This can
be attributed to the growing number of patient admissions and outpatient visits
in these facilities suffering from various diseases and heath conditions.
On the basis
of region Southeast region dominated the Brazil Diagnostic lab market, as the
regional distribution of labs in Brazil is North (5%), Northeast (9%),
South(18%), Centre-West(26%), Southeast(42%) respectively. The laboratories
are irregularly distributed over the country, with a highest number present in
the most developed state, São Paulo (13 of 35 laboratories). However,
according to the latest scenario indicates the establishment of newly certified
laboratories especially in North and Northern regions of Brazil. Furthermore,
it's important to note that many cities in Sau Paulo State conduct mass
testing, which may help to explain why the number of labs has increased so
significantly, thereby driving the Brazil diagnostic lab market.
Major companies operating in Brazil
Diagnostic Market are:
- Diagnósticos da América S.A.
(DASA)
- Quest Diagnostics Incorporated
- SYNLAB-Solutions in Diagnostics
- Grupo Fleury
- Hospital Israelita Albert Einstein
- Alliar
- Boris Berenstein Diagnostic Center
- Clinica da Imagem do Tocantis
- Abramed
- Hermes Pardini
Companies operating in the market are following
strategies such as mergers & acquisitions, new product launches,
collaborations, etc. in order to stay competitive and have an edge over other
players operating in the industry. For instance, innovations in diagnostics
with the assistance of information and communication technology (ICT) are being
utilized in several settings that assist patients with diagnosing, treating,
and managing chronic diseases effectively. Also, In September 2021, Sweetch, a
digital therapeutics innovator, announced partnership with Grupo Fleury, one of
Brazil's leading healthcare providers. As a part of substantial multi-year
contract, Fleury will implement Saúde iD telemedicine services to improve
healthcare outcomes for patients suffering from chronic conditions.
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“Southeast
region in Brazil is expected to dominate in the Brazil Diagnostic Market during
the forecast period on account due to the presence of larger number of
independent labs. Besides, increasing healthcare expenditure and flourishing
healthcare industry in the region is further expected to support the market
growth in the region” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Brazil
Diagnostic Labs Market By Provider Type (Hospital Based Diagnostic Labs,
Diagnostic Chains, Stand Alone Diagnostic Labs), By Test Type (Pathology,
Radiology), By End User (Walk-ins, Referrals, Corporate Clients), By Region,
Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Brazil
Diagnostic Labs Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Brazil
Diagnostic Market.
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