Latin America Ai In Healthcare Market Size & Outlook
Latin America ai in healthcare market, 2016-2030 (US$M)
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Latin America ai in healthcare market highlights
- The Latin America ai in healthcare market generated a revenue of USD 408.6 million in 2023.
- The market is expected to grow at a CAGR of 36.7% from 2024 to 2030.
- In terms of segment, software solutions was the largest revenue generating component in 2023.
- Software Solutions is the most lucrative component 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 408.6 million |
| Market revenue in 2030 | USD 3,644.0 million |
| Growth rate | 36.7% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Services, Software Solutions |
| Key market players worldwide | Microsoft Corp, International Business Machines Corp, Alphabet Inc Class A, NVIDIA Corp, Intel Corp, GE Aerospace, Medtronic PLC, Oracle Corp, Medidata, Merck KGaA, IQVIA Holdings Inc, Itrex Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.8% of the global ai in healthcare 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 50,917.1 million by 2030.
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AI In Healthcare Market Scope
AI In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America ai in healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in healthcare market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 48.04% in 2023. Horizon Databook has segmented the Latin America ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
Latin America is expected to be a potential market for AI in healthcare market owing to government readiness for adopting newer technology. According to a survey by International Development Research Centre (IDRC) and Oxford Insights, the governments of Uruguay, Mexico, and Brazil were ranked first 50 among the 194 countries' government for readiness to adopt AI.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ai in healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ai in healthcare market size, by country, 2016-2030 (US$M)
Latin America AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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