Latin America Healthcare IT Market
Study Analysis:
The Latin America Healthcare IT market was estimated at USD 12,950 million in 2018 and is expected
to reach USD 38,776.3 million by 2025, registering a compound annual growth rate
of 17.50% over the 2018-2025 forecast period.
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America Healthcare IT Market Research Report @ https://www.researchcosmos.com/reports/latin-america-healthcare-it-market/36644543
Drivers, Challenges and
Opportunities:
The rapid increase in health and fitness programs and the integration of smart
devices and sensors are some of the main causes for the changes in processes
based on the processing and delivery of specialized health services related to
the use of modern devices, which is resulting in the growth of the healthcare
IT market of Latin America. The high demand for mobile medical devices is
responsible for the remarkable growth of the medical IT equipment market. With
the increasing importance of massive data analysis in digital care, it is
expected that this market will become more active in the future. With the
increasing availability of chronic diseases such as cardiovascular diseases,
diabetes, renal insufficiency and blood pressure, the need for highly reliable
diagnostics and therapies have increased rapidly. But in addition to the cost of
hiring computer skills for health, carrying out R & D activities is an important obstacle to the market. Another important factor that makes the
market difficult in the medical market is the lack of specialists in the
underdeveloped and remote areas necessary to manufacture devices for monitoring
and diagnosing health. The sales of affordable devices are expected to
dilute most of the regulations.
Geographic Segmentation:
Geographically,
the Latin American markets are analyzed in several geographic regions,
including Brazil, Mexico and other Latin American regions. The healthcare IT
market in Brazil has grown as a result of the improvement of medical awareness
and the increase in health spending for chronic diseases in Brazil. Mexico is
the second largest part of this region with more than 25% of the total market
and is expected to grow at its fastest rate during the forecast period.
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Key market players:
Some of
the key market players are Healthcare IT Solutions, Inc., Cerner Corporation,
Epic Systems Corporation, HealthStream, Greenway Health, LLC, IBM Corporation,
Infor, McKesson Corporation and SAS Institute Inc, InterSystems Corporation,
Medical Information Technology, Inc., Evolent Health, Inc., Experian Information
Solutions, Inc. Many companies focus on introducing new devices frequently and
improving technological efficiency. Reducing the costs of devices to facilitate
access to related health services and treatments is another area where many
companies in the health care IT market are trying to succeed.
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