South and Central America Artificial Intelligence (AI) in Healthcare Market

Market Introduction

The South and Central America artificial intelligence (AI) in healthcare market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The South and Central American region constitutes developed economies such as Brazil and Argentina as a developing nation. 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. As Artificial Intelligence is among the most important technological developments in healthcare sector, numerous startups are developing AI-driven imaging and diagnostic solutions that are accountable for the growth of the market. Several start-ups, such as PathAI, Caption Health, Paige, and Zebra Medical Vision, have appeared in the last few years to automate the analysis of medical images. According to a report of CB Insights, ~500 AI startups across 42 countries raised more than US$ 8.4 billion in the first quarter of 2020. Companies are progressively associating with AI startups as incumbents look to startups to help them compete with newer entrants entering the space. Cross-industry partnerships are resulting into the introduction of new machine learning models that predict risk and provide cognitive assistance. AI is mostly applied in the clinical trials to obtain accurate and valuable output.  

South and Central America Artificial Intelligence (AI) in Healthcare Strategic Insights

Strategic insights for the South and Central America Artificial Intelligence (AI) in Healthcare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Artificial Intelligence (AI) in Healthcare Report Scope

South and Central America Artificial Intelligence (AI) in Healthcare Regional Insights

The geographic scope of the South and Central America Artificial Intelligence (AI) in Healthcare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The artificial intelligence (AI) in healthcare market in South and Central America 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. With the rapid advancements of artificial intelligence (AI) technologies, firms from emerging markets have started adopting AI applications to enhance their productivity and find ways to expand their business. Major developing nations are witnessing an upward trend in AI applications. Additionally, rapid growth of machine learning and deep learning has produced considerable strides in cognitive computing and natural language processing, laying the foundations for AI business applications. AI is composed to reshape most aspects of developing markets, such as labor, finance, human resource management, marketing, advertising, supply chain management, business strategy, services, retail, and information systems. Consequently, savvy entrepreneurs are investigating the potential of facial, image, and speech recognition to reduce the costs and barriers of doing business along with improving productivity.

Key Market Segments

In terms of component, the software solution segment accounted for the largest share of the South and Central America artificial intelligence (AI) in healthcare market in 2019. In terms of application, the clinical trials segment held a larger market share of the South and Central America artificial intelligence (AI) in healthcare market in 2019. In terms of end user, the hospitals & healthcare providers segment held a larger market share of the South and Central America artificial intelligence (AI) in healthcare market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the South and Central America artificial intelligence (AI) in healthcare market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are General Electric Company, Alphabet Inc., Intel Corporation, Koninklijke Philips N.V., Microsoft Corporation, Nvidia Corporation, Nuance Communications, Inc., Siemens Healthineers AG, Arterys Inc. and  Johnson and Johnson Services, Inc.

Reasons to buy report

• To understand the South and Central America artificial intelligence (AI) in healthcare market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America artificial intelligence (AI) in healthcare market
• Efficiently plan M&A and partnership deals in South and Central America artificial intelligence (AI) in healthcare market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America artificial intelligence (AI) in healthcare market
• Obtain market revenue forecast for market by various segments from 2020-2027 in South and Central America region.

SOUTH AND CENTRAL AMERICA ARTIFICIAL INTELLIGENCE (AI) IN HEALTHCARE MARKET SEGMENTATION

By Component

• Software Solution
• Hardware
• Services

By

Application

• Robot Assisted Surgery
• Virtual Assistants
• Administrative Workflow Assistants
• Connected Machines
• Diagnosis
• Clinical Trials
• Fraud Detection
• Cybersecurity
• Dosage Error Reduction
• Others

By End User

• Hospitals & Healthcare Providers
• Patients
• Pharma & Biotech Companies
• Healthcare Payers
• Others

By Country

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

• General Electric Company
• Alphabet Inc

  .

• Intel Corporation
• Koninklijke Philips N.V

  .

• Microsoft Corporation
• Nvidia Corporation
• Nuance Communications, Inc.
• Siemens Healthineers AG
• Arterys Inc.
• Johnson and Johnson Services, Inc.