South America Acetaminophen Reagents Market

Market Introduction

The SAM consist of countries such as Brazil, Argentina, and rest of SAM. Brazil dominated the market in 2021. Brazil is the fifth largest country in the world both by area and by population and experiencing the fastest demographic aging worldwide. In Brazil, the aging population is at a rapid pace and in a context of regional and historical socioeconomic inequalities. According to the study conducted in Brazil, the community of women estimated at the vast majority with 16.9 million (56%) of elderly persons, whereas older adults estimated approx. 13.3 million (44%). The growing aging population leads to several chronic conditions such as cancer, orthopedic conditions, and neurovascular disorders, amongst others. Additionally, increasing prevalence of chronic conditions and infectious diseases leading to overuse of OTC drugs are projected to drive the growth of the acetaminophen reagents market in the country during the forecast period. High incidence of drugs overdose and presence of limited key players in market are the major factor driving the growth of the SAM acetaminophen reagents market. However, increased risk of ADHD and other complication in pregnancy hinder the growth of SAM acetaminophen reagents market.  

In case of COVID-19, SAM is highly affected especially Brazil. With the outbreak of second wave COVID-19, there has been an increasing number of cases in the South American countries. Considerable number of countries in South America have very underdeveloped healthcare infrastructure. For instance, Peru, has less than 1000 intensive care unit beds for its 32 million inhabitants. Furthermore, supply chain disruption caused due to congestion of ports and disturbances in other transport means had substantial impact on the distribution of associated devices in the region. All these factors considerably deterred the growth of SAM acetaminophen reagents market. As the focus on COVID-19 patients became critical, the non-urgent medical procedures took a back seat. Several clinics have postponed or dropped numerous elective surgeries, especially those that are considered non-urgent. The markets associated with acetaminophen reagents would be severely affected.

Market Overview and Dynamics

The SAM acetaminophen reagents market is expected to grow from US$ 36.78 million in 2021 to US$ 45.62 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Acetaminophen tests measure excess amount of drug content in blood to diagnose its overdose, assess the risk of liver damage, and help decide the need for treatment. Acetaminophen toxicity is diagnosed through various diagnostic tests, such as an acetaminophen level, electrolytes, kidney function tests, and liver function tests. Proper diagnosis of acetaminophen level and accurate treatment are essential for a positive outcome. Increasing usage of OTC acetaminophen in several symptomatic treatments increases the volume for acetaminophen testing. An acetaminophen test is required when a person is suspected of taking an overdose of acetaminophen or shows signs and symptoms of toxicity, such as vomiting, nausea, and abdominal pain. An overdose can be classified into four stages. Stage 1 occurs within 24 hours that is characterized by nausea, vomiting, and malaise. Stage 2 occurs within 24 to 27 hours and involves increased nausea and vomiting, pain in the upper right abdomen, and worsening hepatic and renal toxicity. In stage 3, liver function abnormalities peak between day 3 and day 4 and depending upon the degree of poisoning, hepatic failure with jaundice and bleeding diathesis can also occur, leading to multiorgan failure and death in this phase. Patients who survive stage 3 progress to stage 4 with a slow recovery and normalization of the liver between days 4 and day 7. Furthermore, several medical administrations takes various steps to reduce the acetaminophen maximum dosage unit strength in prescription drug products, such as safety labeling changes, including a new boxed warning, for acetaminophen-containing prescription drug products. It helps prevent liver damage that can occur due to acetaminophen overdose, a severe public health problem. Hence, drug level testing is performed to prevent severe damage to liver that also helps to suggests medication accordingly to provide efficient treatment to the patients.  Therefore, as the acetaminophen reagents are specific drug testing reagents that help to determine the level of drug in the sample during the testing process, so the high adoption of acetaminophen testing (immunoassay testing) due to increased cases of overdoses and surged inclination toward OTC drugs drive the growth of the SAM acetaminophen reagents market.

Key Market Segments

In terms of product, the antibody/substrate reagent segment accounted for the largest share of the SAM acetaminophen reagents market in 2020. In terms of application, the enzymatic assays segment held a larger market share of the SAM acetaminophen reagents market in 2020. Further, the hospitals segment held a larger share of the SAM acetaminophen reagents market based on end user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM acetaminophen reagents market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Abbott; American Screening Corporation, Inc.; Beckman Coulter, Inc.; Bio-Rad Laboratories, Inc.; Biorbyt Ltd.; Randox Laboratories, Ltd.; Siemens Healthineers AG; and Thermo Fisher Scientific Inc.   among others.  

Reasons to buy report

• To understand the SAM acetaminophen reagents market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM acetaminophen reagents market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Acetaminophen Reagents Market Segmentation

SAM Acetaminophen Reagents Market - By Product

• Antibody/Substrate Reagent
• Enzyme Reagent
• Acetaminophen Antiserum
• Acetaminophen Fluorescein Tracer
• Pretreatment Solution

SAM Acetaminophen Reagents Market -

By Application

• Enzymatic Assays
• Immunoassay 

SAM Acetaminophen Reagents Market -

By End User

• Hospitals
• Diagnostics Laboratories
• POC Testing
• Forensic Laboratories
• Others

SAM Acetaminophen Reagents Market - By Country

• Brazil
• Argentina      
• Rest of SAM         

SAM Acetaminophen Reagents Market - Company Profiles

• Abbott
• American Screening Corporation, Inc.
• Beckman Coulter, Inc.
• Bio-Rad Laboratories, Inc.
• Biorbyt Ltd.
• Randox Laboratories, Ltd. 
• Siemens Healthineers AG 
• Thermo Fisher Scientific Inc.  

South America Acetaminophen Reagents Strategic Insights

Strategic insights for the South America Acetaminophen Reagents provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Acetaminophen Reagents Report Scope

South America Acetaminophen Reagents Regional Insights

The geographic scope of the South America Acetaminophen Reagents refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.