Latin America Medical Supply Delivery Service Market Size & Outlook
Latin America medical supply delivery service market, 2018-2030 (US$M)
Latin America medical supply delivery service market highlights
- The Latin America medical supply delivery service market generated a revenue of USD 2,467.3 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, medical supplies was the largest revenue generating application in 2023.
- Medical Supplies is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 2,467.3 million |
| Market revenue in 2030 | USD 4,265.5 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Medical supplies |
| Fastest growing segment | Medical Supplies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Supplies |
| Key market players worldwide | DHL Group, United Parcel Service Inc Class B, Agility, FedEx Corp, CEVA Logistics, ModivCare Inc, Swoop Aero, International SOS, Wings Logistics, Zipline |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.5% of the global medical supply delivery service market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 23,975.3 million by 2030.
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Medical Supply Delivery Service Market Scope
Medical Supply Delivery Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical supply delivery service 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 supply delivery service market will help companies and investors design strategic landscapes.
Medical supplies was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America medical supply delivery service market based on medical supplies covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is expected to be a potentially lucrative region for AI in diagnostics market, owing to the ongoing COVID-19 pandemic, shortage of skilled staff, and government readiness for adopting newer technology.
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 AI.
Increasing scope of digitization, development of IT infrastructure, technological advancements to enhance quality of patient care, and reductions in healthcare expenses are expected to drive the market in the region.
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Target buyers of Latin America medical supply delivery service market databook
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Our clientele includes a mix of medical supply delivery service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical supply delivery service market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical supply delivery service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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