Latin America E-prescribing Market Size & Outlook
Latin America e-prescribing market, 2018-2030 (US$M)
Related Markets
Latin America e-prescribing market highlights
- The Latin America e-prescribing market generated a revenue of USD 165.1 million in 2023.
- The market is expected to grow at a CAGR of 26.3% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 165.1 million |
| Market revenue in 2030 | USD 844.5 million |
| Growth rate | 26.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| 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 | Solution, Services |
| Key market players worldwide | Oracle Corp, Allscripts Healthcare, Epic Systems Corporation, Athenahealth, NXGN, McKesson Corp, UnitedHealth Group Inc, DrFirst, Surescripts, Veradigm Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.5% of the global e-prescribing 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 5,136.5 million by 2030.
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E-Prescribing Market Scope
E-Prescribing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America e-prescribing 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 e-prescribing market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 58.75% in 2023. Horizon Databook has segmented the Latin America e-prescribing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American e-prescribing market includes the following regions: Brazil, Mexico, Argentina, and other countries. The presence of untapped prospects in developing countries, such as Brazil and Mexico, is expected to propel the growth of e-prescribing market over the forecast period.
Latin America has recorded errors at several stages of treatment processes, such as prescribing, order entry, dispensing, drug administration, drug filling, and refilling. Medical errors like this can impact an organization’s accreditations and threaten patient safety, unlike in the U.S. and Europe, which are governed by centralized agencies, such as FDA (U.S.) and NICE (UK).
Latin America has a fragmented market, which leaves physicians and clinicians little clarity on safety & cost-effectiveness of medicines and clinical guidelines for proper use. Hence, eprescribing systems market has high prospects in this region.
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Target buyers of Latin America e-prescribing market databook
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Our clientele includes a mix of e-prescribing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America e-prescribing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America e-prescribing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America e-prescribing market size, by country, 2018-2030 (US$M)
Latin America E-Prescribing Market Outlook Share, 2023 & 2030 (US$M)
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