Latin America Patient Safety And Risk Management Software Market Size & Outlook
Latin America patient safety and risk management software market, 2018-2030 (US$M)
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Latin America patient safety and risk management software market highlights
- The Latin America patient safety and risk management software market generated a revenue of USD 44.8 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, risk management & safety solutions was the largest revenue generating software type in 2023.
- Risk Management & Safety Solutions is the most lucrative software type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 44.8 million |
| Market revenue in 2030 | USD 106.4 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Risk management & safety solutions |
| Fastest growing segment | Risk Management & Safety Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Risk Management & Safety Solutions |
| Key market players worldwide | Health Catalyst Inc, Conduent Inc, Clarity Pharmaceuticals Ltd, Riskonnect, Origami Risk, RLDatix, symplr, Verge Health, Riskqual Technologies, Quantros, The Patient Safety Co |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.3% of the global patient safety and risk management software 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 373.7 million by 2030.
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Patient Safety And Risk Management Software Market Scope
Patient Safety And Risk Management Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America patient safety and risk management software 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 patient safety and risk management software market will help companies and investors design strategic landscapes.
Risk management & safety solutions was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America patient safety and risk management software market based on risk management & safety solutions covering the revenue growth of each sub-segment from 2018 to 2030.
Major countries in Latin America are Brazil, Mexico, and Venezuela. The healthcare industry in this region is not very well developed; however, constant efforts are being made to improve healthcare access and treatment. These efforts are likely to boost the adoption of IT-based technologies and solutions in the healthcare industry, thereby boosting adoption of various risk management and patient safety solutions.
In addition, rising burden of geriatric population and increasing prevalence of chronic diseases are some of the key factors likely to boost adoption of advanced patient engagement and management software, thereby driving the market. In addition, many organizations and companies are striving to raise awareness about patient safety and providing solutions or software that would benefit healthcare institutions and practitioners in better patient management and data consolidation.
For instance, the Institute for Healthcare Improvement (IHI) focuses on building patient safety and improving the capabilities of healthcare professionals in various regions, including Latin America. Recently, it collaborated with the Ministry of Health and five excellence hospitals in Brazil for reducing hospital-acquired infections in around 120 public hospitals.
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Target buyers of Latin America patient safety and risk management software market databook
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Our clientele includes a mix of patient safety and risk management software 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 patient safety and risk management software market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America patient safety and risk management software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America patient safety and risk management software market
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