Latin America Real World Evidence Solutions Market Size & Outlook
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Latin America real world evidence solutions market highlights
- The Latin America real world evidence solutions market generated a revenue of USD 130.4 million in 2024.
- The market is expected to grow at a CAGR of 9.9% from 2025 to 2033.
- In terms of segment, services was the largest revenue generating component in 2024.
- 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 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 130.4 million |
| Market revenue in 2033 | USD 300.8 million |
| Growth rate | 9.9% (CAGR from 2025 to 2033) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Data Sets |
| Key market players worldwide | IQVIA Holdings Inc, International Business Machines Corp, Thermo Fisher Scientific Inc, PAREXEL, PerkinElmer, Icon PLC, Oracle Corp, Syneos Health, Medpace Holdings Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.6% of the global real world evidence solutions market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,212.9 million by 2033.
Services was the largest segment with a revenue share of 62.81% in 2024. Horizon Databook has segmented the Latin America real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2021 to 2033.
Latin America market comprises Brazil, Mexico, and Argentina and is being driven by various factors such as improving infrastructure and digitalization of healthcare as well as changing dynamics of hospital or healthcare settings. Moreover, increasing geriatric population and rising prevalence of chronic diseases are driving market growth in the region.
Currently, majority of the Latin America market share is controlled by key companies and some emerging players. Strategic developments and initiatives undertaken by companies in the form of acquisitions, launch of products, mergers, and partnerships are expected to boost the competition and fuel market growth.
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Real World Evidence Solutions Market Scope
Real World Evidence Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Medpace Holdings Inc | View profile | 5800 | 5375 Medpace Way, Cincinnati, OH, United States, 45227 | https://www.medpace.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Latin America real world evidence solutions market size, by country, 2021-2033 (US$M)
Latin America Real World Evidence Solutions Market Outlook Share, 2024 & 2033 (US$M)
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