Latin America Acute Hospital Care Market Size & Outlook
Latin America acute hospital care market, 2017-2030 (US$M)
Related Markets
Latin America acute hospital care market highlights
- The Latin America acute hospital care market generated a revenue of USD 129,447.6 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, emergency care was the largest revenue generating medical condition in 2023.
- Acute Care Surgery is the most lucrative medical condition segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 129,447.6 million |
| Market revenue in 2030 | USD 161,124.5 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Emergency care |
| Fastest growing segment | Acute Care Surgery |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Emergency Care, Short-term Stabilization, Trauma Care, Acute Care Surgery, Other Medical Conditions |
| Key market players worldwide | Tenet Healthcare Corp, Fresenius Medical Care AG, Ramsay Health Care Ltd, Universal Health Services Inc Class B, Community Health Systems Inc, Ascension, IHH Healthcare Bhd, Ardent Health Services, Mediclinic International, Asklepios, LifePoint Health |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.9% of the global acute hospital care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 729,788.0 million by 2030.
Emergency care was the largest segment with a revenue share of 53.78% in 2023. Horizon Databook has segmented the Latin America acute hospital care market based on emergency care, short-term stabilization, trauma care, acute care surgery, other medical conditions covering the revenue growth of each sub-segment from 2017 to 2030.
Rapid economic development and increased healthcare accessibility in this region, such as that in Brazil & Mexico, are among major factors expected to propel growth of overall Latin America market.
Availability of advanced healthcare treatment plans at lower costs in Latin America compared to North American and European markets is boosting development & growth of acute hospital care market.
Growing healthcare spending, increasing disease burden, rising geriatric population, growing collaborative efforts among stakeholders, and increasing public-private partnerships are among factors fueling market growth.
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Acute Hospital Care Market Scope
Acute Hospital Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America acute hospital care market size, by country, 2017-2030 (US$M)
Latin America Acute Hospital Care Market Outlook Share, 2023 & 2030 (US$M)
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