Latin America Healthcare Analytics Market Size & Outlook
Latin America healthcare analytics market, 2018-2030 (US$M)
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Latin America healthcare analytics market highlights
- The Latin America healthcare analytics market generated a revenue of USD 1,972.9 million in 2023.
- The market is expected to grow at a CAGR of 22.6% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,972.9 million |
| Market revenue in 2030 | USD 8,211.6 million |
| Growth rate | 22.6% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Predictive Analytics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 4.6% of the global healthcare analytics 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 39,736.6 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 46.64% in 2023. Horizon Databook has segmented the Latin America 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.
The healthcare analytics market in Latin America is expected to exhibit lucrative growth over the forecast period. About 30.0% of the people in Latin America currently do not have access to healthcare services, owing to poor economic condition.
Increasing government spending and growing penetration of internet services are likely to be the key drivers for penetration of healthcare analytics in this region. In addition to government measures, initiatives by WHO are expected to boost market growth in the Latin American region.
Latin America is expected to be a potential market due to the readiness of the governments toward adopting new 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 analytics, cloud computing, and AI/ML.
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Our clientele includes a mix of healthcare analytics 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 healthcare analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America healthcare analytics market size, by country, 2018-2030 (US$M)
Latin America Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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