Latin America Healthcare Cyber Security Market Size & Outlook
Latin America healthcare cyber security market, 2018-2030 (US$M)
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Latin America healthcare cyber security market highlights
- The Latin America healthcare cyber security market generated a revenue of USD 875.7 million in 2023.
- The market is expected to grow at a CAGR of 19.9% from 2024 to 2030.
- In terms of segment, hospitals was the largest revenue generating end use in 2023.
- Pharma & Chemicals is the most lucrative end use 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 875.7 million |
| Market revenue in 2030 | USD 3,121.5 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals |
| Fastest growing segment | Pharma & Chemicals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals |
| Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Marubeni Corp, Gen Digital Inc, Trend Micro Inc, Intel Corp, Kaspersky Lab, Lockheed Martin Corp, Northrop Grumman Corp, Imperva, Medigate |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global healthcare cyber security 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 14,365.7 million by 2030.
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Healthcare Cyber Security Market Scope
Healthcare Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America healthcare cyber security 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 cyber security market will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 70.02% in 2023. Horizon Databook has segmented the Latin America healthcare cyber security market based on pharma & chemicals, medical devices, health insurance, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is one of the fastest growing regional markets. Its economy is majorly supported by Brazil, Mexico, and Venezuela. Increase in eHealth initiatives and adoption of EHR owing to rise in medical tourism in this region are some of the key factors driving Latin America healthcare cybersecurity market.
The cybersecurity market in this region is in a nascent phase. The Organization of American States and Inter-American Development Bank published a report on the overview of cybersecurity in Latin America, which stated that four in every five states do not have any cybersecurity initiatives for securing IT infrastructure.
Two in every three stated that they did not have a control center for any kind of cybersecurity crisis. Thus, to face such situations, government organizations in this region are taking initiatives to address the rising issue of cybersecurity.
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Our clientele includes a mix of healthcare cyber security 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America healthcare cyber security market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America healthcare cyber security market size, by country, 2018-2030 (US$M)
Latin America Healthcare Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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