Latin America Healthcare Payer Services Market Size & Outlook
Latin America healthcare payer services market, 2018-2030 (US$M)
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Latin America healthcare payer services market highlights
- The Latin America healthcare payer services market generated a revenue of USD 1,516.3 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, ito services was the largest revenue generating services in 2023.
- KPO Services is the most lucrative services 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 1,516.3 million |
| Market revenue in 2030 | USD 2,290.1 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Ito services |
| Fastest growing segment | KPO Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BPO Services, ITO Services, KPO Services |
| Key market players worldwide | Cognizant Technology Solutions Corp Class A, ExlService Holdings Inc, Accenture PLC Class A, Xerox Holdings Corp, Concentrix Corp Ordinary Shares, Genpact Ltd, Wipro Ltd ADR, HCL Technologies, Hinduja Global Solutions |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.3% of the global healthcare payer services 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 13,016.8 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America healthcare payer services 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 payer services market will help companies and investors design strategic landscapes.
Ito services was the largest segment with a revenue share of 50.97% in 2023. Horizon Databook has segmented the Latin America healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America healthcare payer services market is witnessing a significant growth driven by various factors shaping the region's healthcare sector. Increased awareness of the importance of healthcare services, coupled with rising disposable income, has led to a growing demand for advanced payer services.
Governments of Latin American countries are focusing on enhancing healthcare infrastructure and accessibility, contributing to the expansion of payer services. Moreover, the growing prevalence of chronic diseases and the rapidly aging population necessitate efficient and technologically advanced payer solutions.
According to a Pacific Prime Latin America article, there are 6,642 hospitals in Brazil in 2023, surpassing the number in the entire U.S. While larger cities have leading healthcare facilities, rural areas face challenges.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America healthcare payer services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America healthcare payer services market size, by country, 2018-2030 (US$M)
Latin America Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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