Latin America Healthcare Information System Market Size & Outlook
Latin America healthcare information system market, 2018-2030 (US$M)
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Latin America healthcare information system market highlights
- The Latin America healthcare information system market generated a revenue of USD 21,175.0 million in 2023.
- The market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, revenue cycle management was the largest revenue generating application in 2023.
- Hospital Information System is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 21,175.0 million |
| Market revenue in 2030 | USD 49,284.4 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Revenue cycle management |
| Fastest growing segment | Hospital Information System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Informatics, Revenue Cycle Management, Hospital Information System, Pharmacy Automation Systems, Medical Imaging Information System |
| Key market players worldwide | Agfa-Gevaert NV, Koninklijke Philips NV, Hewlett Packard Enterprise Co, McKesson Corp, Allscripts Healthcare, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Epic Systems Corporation, Carestream Health - HCIS business, Siemens Healthineers AG ADR, NextGen Healthcare, NXGN, Athenahealth, Medidata, Sword Health, eClinicalWorks, Novarad, e-MDs, Ada Health, Siilo, Greenway Health, Infor |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.6% of the global healthcare information system 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 212,797.8 million by 2030.
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Healthcare Information System Market Scope
Healthcare Information System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America healthcare information system 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 information system market will help companies and investors design strategic landscapes.
Revenue cycle management was the largest segment with a revenue share of 68.55% in 2023. Horizon Databook has segmented the Latin America healthcare information system market based on laboratory informatics, revenue cycle management, hospital information system, pharmacy automation systems, medical imaging information system covering the revenue growth of each sub-segment from 2018 to 2030.
The health care sector in Latin America has made significant progress. Significant efforts to improve healthcare facilities are underway in the region. The adoption of advanced technology for improving patient care is increasing in Latin America, driving regional growth of healthcare IT market.
Furthermore, increased adoption of EHR systems is a basic eHealth initiative undertaken in countries such as Argentina, Chile, Brazil, Mexico, Peru, and Columbia. Growing awareness about the need for information systems in healthcare organizations is expected to drive the market.
Healthcare IT-related initiatives are also boosting the market, such as development of national integrated health systems. There are several opportunities for healthcare IT vendors in Latin America, owing to which investments by these players are also increasing.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America healthcare information system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare information system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America healthcare information system market size, by country, 2018-2030 (US$M)
Latin America Healthcare Information System Market Outlook Share, 2023 & 2030 (US$M)
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