The South and Central America artificial intelligence (AI) in healthcare market is expected to grow from US$ 172.02 Mn in 2019 to US$ 4,214.89 Mn by 2027; it is estimated to grow at a CAGR of 47.9% from 2020 to 2027.
Brazil and Argentina are major economies in South and Central America. The companies are continuously improving the overall business processes to meet the customers' demand for superior quality products and services in the best possible way. With the new varieties and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America artificial intelligence (AI) in healthcare market. The South and Central America artificial intelligence (AI) in healthcare market is expected to grow at a good CAGR during the forecast period. The growth of the market is attributed to some key driving factors such as rising application of artificial intelligence (AI) in healthcare, growing investment in AI healthcare startups, increasing cross-industry partnerships and collaborations fuel the growth of the market. However, dearth of skilled AI workforce and imprecise regulatory guidelines for medical software hinder the market growth. The rising investment in healthcare technologies, increasing incidences of infectious diseases, and government efforts to promote utilization of computing technologies to ease the healthcare processes are major factors contributing to the growth of the market.
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South and Central America Artificial Intelligence (AI) in Healthcare Market Segmentation
South and Central America Artificial Intelligence (AI) in Healthcare Market – By Component
- Software Solution
- Hardware
- Services
South and Central America Artificial Intelligence (AI) in Healthcare Market – By Application
- Robot Assisted Surgery
- Virtual Assistants
- Administrative Workflow Assistants
- Connected Machines
- Diagnosis
- Clinical Trials
- Fraud Detection
- Cybersecurity
- Dosage Error Reduction
- Others
South and Central America Artificial intelligence (AI) in healthcare Market – By End User
- Hospitals & Healthcare Providers
- Patients
- Pharma & Biotech Companies
- Healthcare Payers
- Others
South and Central America Artificial intelligence (AI) in healthcare Market – By Country
- Brazil
- Argentina
- Rest of South and Central America
South and Central America Artificial Intelligence (AI) in Healthcare Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 172.02 Million |
| Market Size by 2027 | US$ 4,214.89 Million |
| CAGR (2020 - 2027) | 47.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
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