Latin America Medical Billing Outsourcing Market Size & Outlook
Latin America medical billing outsourcing market, 2018-2030 (US$M)
Related Markets
Latin America medical billing outsourcing market highlights
- The Latin America medical billing outsourcing market generated a revenue of USD 1,320.3 million in 2023.
- The market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, in-house was the largest revenue generating component in 2023.
- Outsourced 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 1,320.3 million |
| Market revenue in 2030 | USD 3,101.6 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | In-house |
| Fastest growing segment | Outsourced |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsourced |
| Key market players worldwide | R1 RCM Inc, Veradigm Inc, Oracle Corp, Quest Diagnostics Inc, McKesson Corp, eClinicalWorks, Kareo, AdvancedMD, Promantra |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.8% of the global medical billing outsourcing 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 4,832.6 million by 2030.
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical billing outsourcing 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 medical billing outsourcing market will help companies and investors design strategic landscapes.
In-house was the largest segment with a revenue share of 54% in 2023. Horizon Databook has segmented the Latin America medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America, especially Brazil healthcare market, is receiving more investments to improve healthcare delivery model. However, Brazil has not been able to meet the high demand of its large population, but growing investments are facilitating improvement of overall scenario.
In addition, IT spending in Brazil is expected to significantly increase in the coming years. There is high demand for private healthcare services in Brazil, with an estimated 57% of the population opting for private health facilities in the country.
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Target buyers of Latin America medical billing outsourcing market databook
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Our clientele includes a mix of medical billing outsourcing 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 medical billing outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical billing outsourcing market size, by country, 2018-2030 (US$M)
Latin America Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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