South America Cervical Cancer Diagnostic Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (PAP Testing, HPV Testing, Colposcopy, Cervical Biopsies, Cystoscopy, and Others) and Service Provider (Diagnostics and Research Labor

South America Cervical Cancer Diagnostic Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (PAP Testing, HPV Testing, Colposcopy, Cervical Biopsies, Cystoscopy, and Others) and Service Provider (Diagnostics and Research Laboratories, Hospitals and Clinics, Specialty Clinics, and Home Care Services)     

The South America (SAM) cervical cancer diagnostic testing market is expected to grow from US$ 366.73 million in 2021 to US$ 491.80 million by 2028. It is estimated to grow at a CAGR of 4.3% from 2021 to 2028.Healthcare players concentrate on several countries, owing to the large population suffering from cancer in these countries. Moreover, with rising production costs against their practices, they strive to produce sufficient revenue to entertain their investors. Having presence in growing countries offers reliable and profitable growth opportunities to the major players to lower their operating costs and expand their geographic reach. Advancements in biotechnology have increased the demand for improved diagnostics based on analytical systems in the healthcare market in several countries; they are also easing the shift toward point of care diagnostics kits. Fields such as infectious disease testing, molecular oncology, and pharmacogenomics in several countries open new growth avenues. Hence, healthcare companies are targeting patients or consumers from several economies. Companies in the healthcare sector have been investing significant amounts of their revenue in R&D activities to develop better and advanced offerings and technologies. Several countries across the region are going at a good rate. Several activities in the region propel the demand for metabolomics-related services. Thus, the rising prevalence of cancer and technological advancements in several economies are boosting the cervical cancer diagnosis test market and providing significant growth opportunities to the players operating in the SAM market.

COVID-19 severely affected SAM, especially Brazil. The pandemic has placed unequaled demands on the health system, leading to delays in the initiation and completion of cancer treatment. The long-term health consequences can be assessed because of the delay in diagnosing and treating cervical cancer due to the outbreak. The COVID? 19 pandemic is a critical test for the region's already overburdened and underfunded public healthcare systems. It suffers from severe inequalities. With a vast population living in poverty, SAM faces widespread health problems due to overcrowding, limited sanitation, food insecurity, and unpredictable environmental conditions. Underfunded state?run hospitals are the only source of medical care in the region. Brazil is in a critical situation due to the pandemic. The lack of resources is creating more challenges in the region, hampering the growth of the brain cancer diagnostics market. These factors are likely to restrict the distribution and adoption of diagnostics products and services in the near future, limiting the market. Delays in diagnosis and treatment are expected to lead to more cervical cancer deaths than COVID-19 mortality precludes among the patients with cervical cancer. Health systems must rearrange in terms of priority setting for care provision, starting with prioritizing the treatment of patients with early-stage cervical cancer, increasing adoption of tele consultation, and reinforcing the role of primary care physicians in providing cancer care. Hence, the impact of the pandemic is projected to become moderated on the cervical cancer diagnostic testing market over the forecast period.

Based on type, the HPV testing segment is expected to be fastest growing during forecast period for SAM region. Human papillomavirus (HPV). HPVs are a group of more than 150 related viruses. Some types of HPV can cause cancer, including cancers of the cervix, vagina, vulva, and other parts. HPV is of two types Cutaneous and Mucosal. The market player operating the related diagnostic markets are actively involved in market developments. HPV testing among the emerging segment in the market in the forecast period. Active product introduction in the untapped markets by the market is expected to support the market growth. Moreover, HPV testing is gaining preference over the PAP the HPV testing offers a variety of options such as at-home tests and point-of-care testing.

The overall SAM cervical cancer diagnostic testing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the SAM cervical cancer diagnostic testing market. The process also serves the purpose of obtaining overview and forecast for the SAM cervical cancer diagnostic testing market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM cervical cancer diagnostic testing market. Abbott; BD; Cooper Companies, Inc.; F. Hoffmann-La Roche Ltd.; Femasys Inc.; Guided Therapeutics, Inc; Hologic, Inc.; QIAGEN; and Quest Diagnostics Incorporated are among a few players operating in the SAM cervical cancer diagnostic testing market.

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