Brazil Healthcare Analytics Market Size & Outlook
Brazil healthcare analytics market, 2018-2030 (US$M)
Related Markets
Brazil healthcare analytics market highlights
- The Brazil healthcare analytics market generated a revenue of USD 723.6 million in 2023 and is expected to reach USD 2,922.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 22.1% from 2024 to 2030.
- In terms of segment, descriptive analytics was the largest revenue generating type in 2023.
- Predictive Analytics is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare analytics market data book summary
| Market revenue in 2023 | USD 723.6 million |
| Market revenue in 2030 | USD 2,922.7 million |
| Growth rate | 22.1% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Predictive Analytics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics |
| Key market players worldwide | McKesson Corp, UnitedHealth Group Inc, International Business Machines Corp, Oracle Corp, SAS, IQVIA Holdings Inc, Verisk Analytics Inc, ELSE Corp, Allscripts Healthcare, Cerner Corporation |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.7% of the global healthcare analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil healthcare analytics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,999.4 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil healthcare analytics 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 healthcare analytics market will help companies and investors design strategic landscapes.
Descriptive analytics was the largest segment with a revenue share of 47.91% in 2023. Horizon Databook has segmented the Brazil healthcare analytics market based on descriptive analytics, diagnostic analytics, predictive analytics, prescriptive analytics covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the most lucrative markets for healthcare analytics in Latin America, owing to highest healthcare expenditure in the country. In addition, the use of mobile apps, online tools, and wearable devices is increasing in the country, which, in turn, leads to increased adoption of patient engagement & other IT systems in healthcare settings.
Companies today are optimistic about Brazilian healthcare IT market and are willing to invest, anticipating great future potential. For instance, Agfa Healthcare acquired Brazil’s leading healthcare IT company, WPD and partnered with hospitals to provide healthcare IT solutions, including analytics.
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. 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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil healthcare analytics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil healthcare analytics market size, by type, 2018-2030 (US$M)
Brazil Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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