Latin America Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
Latin America artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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Latin America artificial intelligence in cancer diagnostics market highlights
- The Latin America artificial intelligence in cancer diagnostics market generated a revenue of USD 3.2 million in 2023.
- The market is expected to grow at a CAGR of 26.7% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component type in 2023.
- Services is the most lucrative component type 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 3.2 million |
| Market revenue in 2030 | USD 16.8 million |
| Growth rate | 26.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Microsoft Corp, Roche Holding AG, Quest Diagnostics Inc, Medial EarlySign, CancerCenter.AI, Therapixel, Tempus, Kheiron, SkinVision |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.7% of the global artificial intelligence in cancer diagnostics 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 247.4 million by 2030.
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Artificial Intelligence In Cancer Diagnostics Market Scope
Artificial Intelligence In Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America artificial intelligence in cancer diagnostics 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 artificial intelligence in cancer diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 46.88% in 2023. Horizon Databook has segmented the Latin America artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is expected to be a potential region for AI in cancer diagnostics market owing to government readiness in 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 as the first 50 among the governments of 194 countries for readiness to adopt AI.
Latin America has significant healthcare human resources and a high number of tech entrepreneurs, which is expected to drive the market in the region. Latin American market is expected to grow at a lucrative pace during the coming years owing to the rising healthcare expenditure and collaborations between companies to sell products in this region.
Increasing scope of digitization, development of IT infrastructure, technological advancements to enhance quality of patient care, and reduction in healthcare expenses are expected to drive the market in the region. In 2019, Brazilian Minister Marcos Pontes, in partnership with public research support and financing entities, created eight AI laboratories with specific focus.
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Our clientele includes a mix of artificial intelligence in cancer diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America artificial intelligence in cancer diagnostics market size, by country, 2018-2030 (US$M)
Latin America Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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