Latin America Healthcare Business Intelligence Market Size & Outlook
Latin America healthcare business intelligence market, 2014-2030 (US$M)
Related Markets
Latin America healthcare business intelligence market highlights
- The Latin America healthcare business intelligence market generated a revenue of USD 440.6 million in 2022.
- The market is expected to grow at a CAGR of 12.8% from 2023 to 2030.
- In terms of segment, software was the largest revenue generating product in 2022.
- Software is the most lucrative product 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 440.6 million |
| Market revenue in 2030 | USD 1,157.9 million |
| Growth rate | 12.8% (CAGR from 2022 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2014 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Microsoft Corp, Oracle Corp, SAP SE, Salesforce Inc, Perficient Inc, Infor, Domo Inc, Sisense, TIBCO, Panorama Software |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global healthcare business intelligence 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 3,543.0 million by 2030.
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Healthcare Business Intelligence Market Scope
Healthcare Business Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America healthcare business intelligence 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 business intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 71.63% in 2022. Horizon Databook has segmented the Latin America healthcare business intelligence market based on software, services covering the revenue growth of each sub-segment from 2014 to 2030.
Rising digitalization, development of IT infrastructure, technological advancements to enhance quality of patient care, and reduction in healthcare expenses is driving the growth of BI in the region. Furthermore, increasing usage of data analytics to store, analyze, and apply new insights from unstructured or raw data by healthcare organizations is propelling the market growth.
In addition, new data analytics tools used by healthcare sector to drive clinical and operational improvements is further anticipated to increase the demand for BI in the region. Moreover, increase in awareness regarding use of BI in healthcare will further help in propelling demand and growth of the market.
Furthermore, rising investments, partnerships, collaborations, mergers & acquisitions, and government initiatives are expected to further boost the adoption and demand for BI in the region. For instance, in February 2020, SoftBank invested USD 1 billion to its USD 5 billion Latin America Fund and target healthcare, e-commerce, FinTech, and other industries.
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Target buyers of Latin America healthcare business intelligence market databook
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Our clientele includes a mix of healthcare business intelligence 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 healthcare business intelligence market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare business intelligence market from 2014 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America healthcare business intelligence market size, by country, 2014-2030 (US$M)
Latin America Healthcare Business Intelligence Market Share, 2022 & 2030 (US$M)
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