Latin America Clinical Workflow Solutions Market Size & Outlook
Latin America clinical workflow solutions market, 2018-2030 (US$M)
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Latin America clinical workflow solutions market highlights
- The Latin America clinical workflow solutions market generated a revenue of USD 753.2 million in 2022.
- The market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
- In terms of segment, data integration solutions was the largest revenue generating type in 2022.
- Care Collaboration Solutions is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 753.2 million |
| Market revenue in 2030 | USD 1,929.9 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Data integration solutions |
| Fastest growing segment | Care Collaboration Solutions |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Data Integration Solutions, Real-Time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions, Enterprise Reporting & Analytics Solutions |
| Key market players worldwide | Veradigm Inc, Oracle Corp, McKesson Corp, Koninklijke Philips NV, Cisco Systems Inc, Getinge AB ADR, Stryker Corp, Spok Holdings Inc, AMETEK Inc, NextGen Healthcare |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global clinical workflow solutions market in 2022.
- 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 4,400.5 million by 2030.
Data integration solutions was the largest segment with a revenue share of 26.62% in 2022. Horizon Databook has segmented the Latin America clinical workflow solutions market based on data integration solutions, real-time communication solutions, workflow automation solutions, care collaboration solutions, enterprise reporting & analytics solutions covering the revenue growth of each sub-segment from 2018 to 2030.
Rising awareness regarding clinical workflow solutions is expected to drive this market during the forecast period. The steady growth rate can be attributed to presence of government bodies and nongovernment organizations that are trying to develop databases & implement clinical workflow solutions over this region.
The availability of advanced healthcare services at a considerably low cost as compared to North America and Europe is increasing medical tourism in the region. The governments of countries in this region are focused on improving healthcare facilities.
As a result, patients from developed countries, such as Canada, the U.S., and Germany, are anticipated to prefer Latin America for treatment. Owing to this, patient database increases, which further helps in developing advanced solutions, driving market growth.
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Clinical Workflow Solutions Market Scope
Clinical Workflow Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America clinical workflow solutions market size, by country, 2018-2030 (US$M)
Latin America Clinical Workflow Solutions Market Outlook Share, 2022 & 2030 (US$M)
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