(PharmaNewsWire.Com, October 05, 2017 ) The Latin America Antinuclear Antibody Test Market was worth USD 98.82 million in 2016 and expected to reach USD 182.88 million by 2021 at a CAGR of 13.10%. The market is showcasing evident potential in the mentioned forecasting period. The antinuclear antibody test is a primary test to check a person’s autoimmune disorders. Autoimmune disorders can affect many tissues and organs in the body. This test is most often used to diagnose the Systemic Lupus Erythematosus (SLE) and Rheumatoid Arthritis.
Factors such as increase in prevalence of autoimmune diseases, such as rheumatoid arthritis and SLE, growing economies in this region and growth in the awareness of people about these diseases, are driving this market. Autoimmune diseases can also cause type I diabetes. Other factors such as, increase in healthcare expenditure of people due to growing economies, and government healthcare insurance & reimbursement policies are fuelling this market. On the other hand, factors such as diagnostic errors, product approval, and unavailability of skilled labor are hindering the growth of this market.
Latin America Antinuclear Antibody Test Market Segmentation
• Disease • Technique • Product • End-User
Geographically, Latin America market is segmented into • Argentina • Mexico • Brazil • Colombia and • Rest of the countries of South America
Brazil has the biggest market share among all these countries and is also growing at the fastest rate. Mexico comes next to the Brazil in terms of growth rate.
Some of the major companies dominating the market, by their products and services include Zeus Scientific Inc., Inova Diagnostics, Immuno Concepts, Euroimmun AG, Antibodies Inc., Thermo Fisher Scientific inc., Trinity Biotech plc, ERBA Diagnostics Inc., Bio-Rad Laboratories Inc., and Alere Inc.
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