Latin America Internet Of Medical Things (iomt) Market Size & Outlook
Latin America internet of medical things (iomt) market, 2018-2030 (US$B)
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Latin America internet of medical things (iomt) market highlights
- The Latin America internet of medical things (iomt) market generated a revenue of USD 14.3 billion in 2023.
- The market is expected to grow at a CAGR of 23.1% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 14.3 billion |
| Market revenue in 2030 | USD 60.9 billion |
| Growth rate | 23.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global internet of medical things (iomt) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 47.1 billion by 2030.
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Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America internet of medical things (iomt) 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 internet of medical things (iomt) market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 46.15% in 2023. Horizon Databook has segmented the Latin America internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America Internet of Medical Things (IoMT) market accounted for a revenue share of 7.4% in 2023 of the global market.The mounting healthcare expenditure in Latin American countries is fueling the demand for advanced healthcare technologies such as IoMT solutions.
Governments and private healthcare organizations are investing in digital health initiatives to modernize healthcare delivery systems and improve access to quality medical services. The expansion of telehealth services in Latin America is generating opportunities for IoMT solutions to support remote consultations, virtual care delivery, and patient monitoring outside traditional clinical settings.
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Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America internet of medical things (iomt) market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America internet of medical things iomt market report size, by country, 2018-2030 (US$B)
Latin America Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$B)
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