Latin America Real World Evidence Solutions Market Size & Outlook
Latin America real world evidence solutions market, 2018-2030 (US$M)
Related Markets
Latin America real world evidence solutions market highlights
- The Latin America real world evidence solutions market generated a revenue of USD 120.4 million in 2023.
- The market is expected to grow at a CAGR of 9.2% 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 120.4 million |
| Market revenue in 2030 | USD 222.4 million |
| Growth rate | 9.2% (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 | 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 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 857.0 million by 2030.
Services was the largest segment with a revenue share of 57.64% in 2023. 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 2018 to 2030.
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 |
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Latin America real world evidence solutions market size, by country, 2018-2030 (US$M)
Latin America Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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