Press release
Latin America smart hospital Market Emerging Trends and Prospects by leading Players, , CitiusTech Inc., Infor, Athenahealth, PhysIQ, AdhereTech, Epic, GlucoVista
In Latin America, due to adoption of technologies the market is expected to grow. With the help of partnerships with other industry players, the market is expected to grow. Internet and smartphone usage rates have grown much to accept the disruption of the digital medical services. According to Netscribes, the Latin America smart hospital market is expected to have a significant compound annual growth rate (CAGR) of 15.40% and reach a market size of USD 0.80 Bn by 2023.
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Wearable devices, mobile health (mHealth) apps and wireless connectivity have already entered the market and hence it is easier for the companies to enter the market in Latin America to introduce smart hospital advancements. The features that the region have accepted at the greatest extent right now are mHealth and electronic health record. The region is also slowly implementing remote patient monitoring, outpatient vigilance and other offerings of the smart hospital.
The Latin American smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and artificial intelligence (AI) (offering and technology). The technologies used are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, the Internet of Things (IoT) and others. This region includes Argentina, Brazil and Mexico as majorly contributing countries.
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Key growth factors
The Latin America are currently focusing on mHealth because of mobile popularity in most of the countries of this region. Government initiatives in the healthcare sector, specifically for smart hospitals are boosting the service providers in the region. Awareness about digital health technologies is driving the demand for wearable health apps and digital therapeutic solutions. Investments in digital healthcare along with the entrance of several digital healthcare startups in the Latin American region are enhancing the smart hospital market.
Threats and key players
In Latin America, about 30% of the population do not have access to healthcare due to poor economic conditions. There is also a lack of adequate resources in the healthcare industry in the region and only a few countries in the region meet international standards of physicians per inhabitants or hospital beds available per inhabitants ratio. These hamper the growth of the market.
The major players in the smart hospital market are Microsoft, GE Healthcare, Qualcomm Life, Honeywell Life Care Solutions, Allscripts, CitiusTech Inc., Infor, Athenahealth, PhysIQ, AdhereTech, Epic, GlucoVista, STANLEY Healthcare, Cerner Corporation, McKesson, etc.
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary
Chapter 2: Latin America smart hospital market - overview
2.1. Latin America market overview - market trends, drivers and challenges, market attractiveness analysis, market revenue (USD Bn)
2.2. Value chain analysis
2.3. Porters five forces analysis
2.4. Market size - by product (smart pills, mHealth, telemedicine, electronic health record and others)
2.4. a. Revenue from smart pills - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.4. b. Revenue from mHealth - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.4. c. Revenue from telemedicine - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.4. d. Revenue from electronic health record - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.4. e. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. Market size - by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance)
2.5. a. Revenue from remote medicine management - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. b. Revenue from electronic health record and clinical workflow - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Revenue from outpatient vigilance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Revenue from medical connected imaging - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Revenue from medical assistance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. Market size - by AI (offering and technology)
2.6. a. Revenue from offering - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. b. Revenue from technology - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 3: Latin America smart hospital market by countries
3.1. Argentina
3.1.1. Argentina market overview - market trends, market drivers and challenges, market attractiveness analysis, market revenue (USD Bn)
3.1.2. Market size - by product (smart pills, mHealth, telemedicine, electronic health record and others)
3.1.2. a. Revenue from smart pills - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.2. b. Revenue from mHealth - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.2. c. Revenue from telemedicine - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.2. d. Revenue from electronic health record - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.2. e. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. Market size - by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance)
3.1.3. a. Revenue from remote medicine management - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. b. Revenue from electronic health record and clinical workflow - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. c. Revenue from outpatient vigilance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. d. Revenue from medical connected imaging - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.3. e. Revenue from medical assistance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.4. Market size - by AI (offering and technology)
3.1.4. a. Revenue from offering - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.1.4. b. Revenue from technology - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2. Brazil
3.2.1. Brazil market overview - market trends, market drivers and challenges, market attractiveness analysis, market revenue (USD Bn)
3.2.2. Market size - by product (smart pills, mHealth, telemedicine, electronic health record and others)
3.2.2. a. Revenue from smart pills - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.2. b. Revenue from mHealth - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.2. c. Revenue from telemedicine - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.2. d. Revenue from electronic health record - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.2. e. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. Market size - by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance)
3.2.3. a. Revenue from remote medicine management - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. b. Revenue from electronic health record and clinical workflow - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. c. Revenue from outpatient vigilance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. d. Revenue from medical connected imaging - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.3. e. Revenue from medical assistance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.4. Market size - by AI (offering and technology)
3.2.4. a. Revenue from offering - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.2.4. b. Revenue from technology - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3. Mexico
3.3.1. Mexico market overview - market trends, market drivers and challenges, market attractiveness analysis, market revenue (USD Bn)
3.3.2. Market size - by product (smart pills, mHealth, telemedicine, electronic health record and others)
3.3.2. a. Revenue from smart Pills - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.2. b. Revenue from mHealth - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.2. c. Revenue from telemedicine - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.2. d. Revenue from electronic health record - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.2. e. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.3. Market size - by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance)
3.3.3. a. Revenue from remote medicine management - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.3. b. Revenue from electronic health record and clinical workflow - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.3. c. Revenue from outpatient vigilance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.3. d. Revenue from medical connected imaging - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.3. e. Revenue from medical assistance - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.4. Market size - by AI (offering and technology)
3.3.4. a. Revenue from offering - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3.4. b. Revenue from technology - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
……….
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