Latin America Healthcare Analytics Market

Latin America Healthcare Analytics Market Size (2022 to 2027)

The size of the Healthcare Analytics Market in Latin America was worth USD 0.85 Billion in 2022 and is expected to reach USD 2.03 Billion by the end of 2027 with a CAGR of 19.12% during the forecast period.

Healthcare analytics analyzes data collected through various sources to designate the trends and patterns that help to improvise healthcare effectively.

Fuelling the growth in analytics is enabled through IT advancements in the healthcare segment over the past many years. By analyzing the chronological data, future trends can be predicted along with evaluating decisions and measuring the business performance that helps improve the outcomes. This advancement also helps in improving accuracy, service delivery, and efficiency of the healthcare system with better clinical outcomes, laterally reducing the healthcare cost and readmissions.

The concerns regarding the security issues, breaching of confidential information, cultural and technological barriers, and lack of skilled workforce may hinder the growth of the healthcare analytics industry around the globe. And also, obstacles associated with creating a network for analytics as a result of weekend international political and economic relations may be a significant threat to the growth of the market.

This research report on the Latin America Healthcare Analytics Market has been segmented and sub-segmented into the following categories:

By Type: 

• Predictive
• Prescriptive
• Descriptive/Retrospective

By Application: 

• Financial
• Clinical
• Operational and Administrative

By End Users: 

• Public Health Systems
• Healthcare Providers
• Private Healthcare Providers
• Monitoring Agencies
• Health Insurance Companies
• Clinical and Medical Research Bodies
• Technology Vendors

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Regionally, the Latin American healthcare analytics market is expected to have promising growth during the forecast period.

The Mexican Healthcare Analytics Market shows the highest growth due to introducing some degree of the cross-domain data warehouse. In addition, the Mexican government has started new strategies to develop the foundation for health analytics to promote quality services.

The Brazilian Healthcare Analytics Market is estimated to showcase prominent growth following Mexico with the adoption of the advanced healthcare technique and new guidelines by government organizations for healthcare analytics facilities. 

KEY MARKET PLAYERS:

A few of the prominent companies operating in the Latin American Healthcare Analytics Market profiled in this report are SAS Institute, Inc., Optum, Inc., IBM Corporation, Truven Health Analytics Inc., Cerner Corporation, Verisk Analytics, Inc., McKesson Corporation, Allscripts Health Solutions, Oracle Corporation, MedeAnalytics, Inovalon, Inc., and Health Catalyst.