Latin America Healthcare Erp Market Size & Outlook
Latin America healthcare erp market, 2016-2028 (US$M)
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Latin America healthcare erp market highlights
- The Latin America healthcare erp market generated a revenue of USD 447.3 million in 2021.
- The market is expected to grow at a CAGR of 6.2% from 2022 to 2028.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 447.3 million |
| Market revenue in 2028 | USD 680.1 million |
| Growth rate | 6.2% (CAGR from 2021 to 2028) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | McKesson Corp, Microsoft Corp, Informa PLC, SAP SE, Oracle Corp, Sage Group (The) PLC, Odoo, Epicor Software (Formerly Solarsoft Business Systems), QAD, Aptean |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.8% of the global healthcare erp market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,736.8 million by 2028.
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Healthcare ERP Market Scope
Healthcare ERP Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America healthcare erp 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 erp market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 32.64% in 2021. Horizon Databook has segmented the Latin America healthcare erp market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing covering the revenue growth of each sub-segment from 2016 to 2028.
The healthcare ERP market in Latin America is expected to exhibit significant growth rate over the forecast period. In previous years, healthcare expenditure in Latin American countries has been low.
For instance, in 2011, healthcare expenditure in Latin American countries was estimated to be 6.7% of GDP. Increasing government spending, growing healthcare expenditure, and rising penetration of digital health technologies are among key factors driving the growth of healthcare ERP market in this region.
Latin America is expected to be a potential market due to readiness of governments to adopt new technology. According to a survey by International Development Research Centre (IDRC) and Oxford Insights, governments of Mexico, Brazil, and Uruguay were ranked within the first 50 of 194 countries regarding readiness to adopt analytics, cloud computing, and AI/ML powered technologies.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America healthcare erp market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare erp market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America healthcare erp market size, by country, 2016-2028 (US$M)
Latin America Healthcare ERP Market Outlook Share, 2021 & 2028 (US$M)
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