Key Market Indicators
Exports of diagnostic reagents from Nicaragua are projected to reach $157 million by 2026, up from $131 million in 2021. This represents an average yearly growth rate of 2.8%. Since 1999, Nicaraguan supply has grown 15.5% each year. In 2021, the country was ranked 84th, with Sri Lanka ahead at $131 million. Germany, the Netherlands and the UK were second, third and fourth respectively. Imports of diagnostic reagents to Nicaragua are projected to reach $19.8 million by 2026, up from $16.7 million in 2021. This represents an average yearly growth rate of 2.7%. Since 1998, Nicaraguan demand has increased 2.5% every year. In 2021, the country was ranked 93rd, with Burkina Faso ahead at $16.7 million. Germany, China and the Netherlands were second, third and fourth respectively.
