Latin America Population Health Management Market Analysis Report – Segmented Component, Solution, Delivery mode, End-user & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029)

Updated On: January, 2024
ID: 11744
Pages: 90

Latin America Population Health Management Market Size (2023 to 2028)

The size of the Latin American population health management market is forecasted to register a 9.4% CAGR during the forecast period.

The growing patient population with chronic diseases and the rapidly growing aging population across Latin America are primarily driving the Latin America population health management market growth. Chronic diseases such as cardiovascular diseases, diabetes, and hypertension cause a significant number of mortalities throughout Latin America every year. The costs associated with the treatment procedures of chronic diseases have also been unaffordable to many in the Latin American region. According to one of the surveys, an estimated 11% of the Latin American population is aging more than 60 years. These factors have propelled the need for population health management solutions in Latin America. The data taken from the population health management system helps increase the life span of the older population by overcoming the current issues in the treatment given to older people.

The growing healthcare costs contribute to the growth of the Latin American population health management market. The costs of various treatments have grown significantly in recent years owing to the growing penetration of technologically advanced medical equipment and devices in treatment procedures. Population health management solutions can mitigate these costs for hospitals and patients by efficiently managing healthcare outcomes. Furthermore, implementing population health management practices enables caregivers to provide value-based healthcare to patients, optimizing costs while maintaining quality.

Furthermore, increasing support from the Latin American governments and rapid adoption of technological advancements fuel the growth rate of the Latin American market. Population management software, equipped with advanced features such as data analytics, machine learning, and artificial intelligence, provides accurate data for informed decision-making. The rise in investment by both public and private sectors, coupled with increased product approval, is also contributing to the growth of the market.

On the other hand, factors such as data privacy and security concerns majorly hamper the growth of the Latin American population health management market. High costs associated with the implementation and maintenance of population health management solutions are another key factor hindering market growth. Data plays a significant role in the success of the population health management system. Therefore, analysis of extensive data may challenge market growth.

This research report on the Latin American population health management market has been segmented & sub-segmented into the following categories.

By Component:

  • Hardware
  • Software
  • Services
    • Consulting Training & Education
    • Post-Sale & Maintenance Services
    • Others

By Solution:

  • Data Integration & Management
    • Clinical Data Integration
    • Financial Data Integration
    • Data Warehousing
    • Real-Time Data Exploration
    • Others
  • Analytics
    • Point of Care Decision Support
    • Predictive Analytics
    • Others
  • Patient Engagement
    • Remote Monitoring
    • Multi-Modal Communication
    • Monitoring & Compliance
    • Treatment Plan
    • Others
  • Care Coordination
    • Care Management WorkFlow Automation
    • Real-Time Alerting
    • Clinical Reporting
    • Care Team Coordination
    • Others

By Delivery Mode:

  • On-Premise
  • Web-Based
  • Cloud-Based
  • App-Based

By End-User:

  • Healthcare Providers
  • Healthcare Payers
  • Government Organizations
  • Others

By Country:

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

Latin America held a moderate share of the worldwide market in 2023. However, the Latin American market is estimated to register a steady growth rate during the forecast period due to factors such as the increasing adoption of advanced healthcare technologies and the presence of key market players. Furthermore, governments in the region are increasingly taking measures to promote the use of population health management software in the healthcare sector, facilitating the manufacture of medical devices and drugs and helping to find cost-effective treatments.

In 2022, Brazil held the leading share of the Latin American market and is expected to grow at a notable CAGR during the forecast period owing to the growing focus of the Brazilian government to develop primary healthcare services for its population. The country has implemented several family health programs that provide cost-effective treatment to its citizens.

Argentina accounted for a considerable share of the Latin American market in 2023 and is expected to grow at a moderate CAGR during the forecast period owing to the increasing adoption of digital technology. The Argentine Ministry of Health has implemented measures to increase the adoption of a digital health network, ensuring secure data management in care centers. The use of digital technology enables the gathering of significant amounts of data necessary for making informed decisions related to population health management.

Mexico is predicted to grow at a healthy CAGR during the forecast period due to factors such as the establishment of research and clinical trial centers. These centers provide information necessary for developing innovative healthcare products and devices, ultimately improving the healthcare system in the region.

KEY MARKET PLAYERS:

Companies such as Cerner Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation., International Business Machines Corporation (IBM), Health Catalyst, Koninklijke Philips N.V., Optum Inc., Conifer Health Solutions, LLC., Lumeris, ZeOmega, Healthagen LLC, Persivia, and UnitedHealth Group are expected to play a promising role in the Latin American population health management market.

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Frequently Asked Questions

What are the key factors driving the growth of the Latin American population health management market?

 

The increasing adoption of advanced healthcare technologies, rising healthcare costs, and the presence of key market players are some of the key factors driving the growth of the Latin American population health management market. 

Which country holds the maximum share in the Latin American population health management market?

Brazil holds the largest share of the population health management market in Latin America. The Brazilian government has focused on developing primary healthcare services for its population and has implemented several family health programs that provide cost-effective treatment to its citizens.

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