Latin America Life Science Analytics Market Size & Outlook
Latin America life science analytics market, 2018-2030 (US$M)
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Latin America life science analytics market highlights
- The Latin America life science analytics market generated a revenue of USD 909.5 million in 2023.
- The market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 909.5 million |
| Market revenue in 2030 | USD 2,150.0 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Oracle Corp, IQVIA Holdings Inc, SAS, Cognizant Technology Solutions Corp Class A, International Business Machines Corp, Accenture PLC Class A, Wipro Ltd ADR, TAKE Solutions |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global life science analytics 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 7,943.7 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America life science analytics 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 life science analytics market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 59.51% in 2023. Horizon Databook has segmented the Latin America life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The life sciences analytics market in Latin America is expected to exhibit lucrative growth over the forecast period. About 30.0% of the people in Latin America currently do not have access to healthcare services, owing to poor economic condition. In 2011, the healthcare spending of Latin American countries was about 6.7% of GDP.
Increasing government spending and growing penetration of internet services are likely to be the key drivers for penetration of life sciences analytics in this region. In addition to government measures, initiatives by WHO are expected to boost market growth in the Latin American region.
According to a survey by International Development Research Centre (IDRC) and Oxford Insights, the governments of Uruguay, Mexico, and Brazil were ranked within the first 50 of 194 countries showing readiness to adopt analytics, cloud computing, and AI/ML.
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Our clientele includes a mix of life science analytics 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 life science analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America life science analytics market size, by country, 2018-2030 (US$M)
Latin America Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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