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(Medical-NewsWire.com, September 13, 2017 ) The Latin America Cervical Cancer Diagnostics and Therapeutics market has been estimated at USD 424.80 Million in 2016 and is projected to reach USD 557.83 Million by 2021, at a CAGR of 5.60% during the forecast period from 2016 to 2021. Cervical cancer is generally characterized by the abnormal growth of cancerous cells in the tissues of the cervix, and it may manifest itself as a squamous-cell carcinoma or adenocarcinoma.
The market for Latin America Cervical Cancer Diagnostics and Therapeutic Market is driven mainly due to increasing occurrence of cervical cancer and at the same time increasing awareness among people about the care, treatment and prevention of cancer. But, the market growth in this region can be constrained due to stringent government regulation over the product pricing and uncertain reimbursement rates.
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Latin America market for Cervical Cancer Diagnostics and Therapeutics is segmented based on diagnostics test, methods, end-users and therapies. By Diagnostics test, the market is further sub-segmented into Pap smear test, HPV testing, colposcopy, cervical cancer biopsy. By methods, the market is further sub-segmented into molecular method, cytopathological method, physical method. By therapies, the market is further sub-segmented into surgery, radiation therapy, chemotherapy and others. By end-users, the market is further sub-segmented into hospitals, laboratories, independent physicians, clinics, and others. Pap smear test segment dominated the market by Diagnostic test, holding a 45% share in the global market for cervical cancer diagnostic tests. The high growth rate of this segment can be attributed to the high efficiency of the test, low cost of the test in comparison with other tests available in the market, and rising awareness regarding cancer diagnosis.
Geographically, Latin America market for Cervical Cancer Diagnostics and Therapeutics is segmented into Brazil, Argentina and Mexico. With the increasing use of cervical cancer diagnostic tests such as pap smear tests, HPV testing and colposcopy for early detection, the market is highly competitive, with high growth rate in developing nations of Latin America.
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Abbott Diagnostics, Alere, Beckman Coulter, Clinical Genomics, Companion Dx, EDP Biotech, Epigenomics AG, Exact Sciences, Fujirebio, Genomic Tree, Metabiomics, Oncocyte (Biotime), Quest Diagnostics, Randox Laboratories, Siemens Healthcare, Volition Rx, are the major players of Latin America Cervical Cancer Diagnostics and Therapeutics market.
Market Segmentation
1) By diagnostics test
Pap smear test
HPV testing
Colposcopy
Cervical cancer biopsy
2) By methods
Molecular method
Cytopathological method
Physical method
3) By therapies
Surgery
Radiation therapy
Chemotherapy
Other therapies
4) By end-users
Hospitals
Laboratories
Independent physicians
Clinics
Other end-users
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Reasons to buy Latin America Cervical Cancer Diagnostics and Therapeutics Market Research Report:
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 technology, component, and type 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 global 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 Porters 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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