Latin America Artificial Intelligence In Diagnostics Market Size & Outlook
Latin America artificial intelligence in diagnostics market, 2018-2030 (US$M)
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Latin America artificial intelligence in diagnostics market highlights
- The Latin America artificial intelligence in diagnostics market generated a revenue of USD 19.2 million in 2023.
- The market is expected to grow at a CAGR of 25% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software 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 19.2 million |
| Market revenue in 2030 | USD 91.5 million |
| Growth rate | 25% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| 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 | Siemens Healthineers AG ADR, Nano X Imaging Ltd Ordinary Shares, GE HealthCare Technologies Inc Common Stock, AliveCor, Riverain Technologies, Aidoc, NeuraSignal, Imagen Technologies, Digital Diagnostics, Vuno |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.7% of the global artificial intelligence in 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 1,351.1 million by 2030.
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Artificial Intelligence In Diagnostics Market Scope
Artificial Intelligence In Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America artificial intelligence in 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 diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 48.96% in 2023. Horizon Databook has segmented the Latin America artificial intelligence in 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 potentially lucrative region for AI in diagnostics market, owing to the ongoing COVID-19 pandemic, shortage of skilled staff, and 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 within the first 50 of 194 countries showing readiness to adopt AI.
Increasing scope of digitization, development of IT infrastructure, technological advancements to enhance quality of patient care, and reductions in healthcare expenses are expected to drive the market in the region.
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Our clientele includes a mix of artificial intelligence in diagnostics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America artificial intelligence in diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America artificial intelligence in diagnostics market size, by country, 2018-2030 (US$M)
Latin America Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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