Latin America Healthcare It Market Size & Outlook
Latin America healthcare it market, 2018-2030 (US$M)
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Latin America healthcare it market highlights
- The Latin America healthcare it market generated a revenue of USD 410.7 million in 2021.
- The market is expected to grow at a CAGR of 5.8% from 2022 to 2030.
- 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 2030.
Latin America data book summary
| Market revenue in 2021 | USD 410.7 million |
| Market revenue in 2030 | USD 680.1 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| 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 | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.8% of the global healthcare it market in 2021.
- 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 2,736.8 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America healthcare it 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 it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.24% in 2021. Horizon Databook has segmented the Latin America healthcare it 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 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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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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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 it market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America healthcare it market size, by country, 2018-2030 (US$M)
Latin America Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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