South and Central America Artificial Intelligence (AI) in Healthcare Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software Solution, Hardware, and Services), Application (Robot Assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Machines, Diagnosis, Clinical Trials, Fraud Detection, Cybersecurity, Dosage Error Reduction, and Others), End User (Hospitals & Healthcare Providers, Patients, Pharma & Biotech Companies, Healthcare Payers, and Others), and Country
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.
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Market Overview and Dynamics
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
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- 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.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South and Central America Artificial Intelligence in Healthcare Market – By Component
1.3.2 South and Central America Artificial Intelligence in Healthcare Market – By Application
1.3.3 South and Central America Artificial Intelligence in Healthcare Market – By End User
1.3.4 South and Central America Artificial Intelligence in Healthcare market – By Country
2. South and Central Artificial Intelligence in Healthcare Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Artificial Intelligence in Healthcare – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Artificial Intelligence in Healthcare Market in South and Central America: PEST Analysis
4.3 Expert Opinions
5. Artificial Intelligence in Healthcare Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 An Upsurge in the Application of Artificial Intelligence (AI) in Healthcare
5.1.2 Incrementing Investment in AI Healthcare Start ups
5.1.3 Increase in the number of Cross-Industry Partnerships and Collaborations
5.2 Market Restraints
5.2.1 Lack of Skilled AI Workforce and Imprecise Regulatory Guidelines for Medical Software
5.3 Market Opportunities
5.3.1 Escalating Potential in Emerging Economies
5.4 Future Trends
5.4.1 The Incorporation of AI in Epidemic Outbreak Prediction and Response
5.5 Impact Analysis
6. Artificial Intelligence in Healthcare Market – South and Central America Analysis
6.1 South and Central America Artificial Intelligence in Healthcare Market Revenue Forecast and Analysis
7. South and Central America Artificial Intelligence in Healthcare Market Analysis – By Component
7.1 Overview
7.2 Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)
7.3 Software Solution
7.3.1 Overview
7.3.2 Software Solution: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Hardware
7.4.1 Overview
7.4.2 Hardware: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8. South and Central America Artificial Intelligence in Healthcare Market Analysis – By Application
8.1 Overview
8.2 Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)
8.3 Robot Assisted Surgery
8.3.1 Overview
8.3.2 Robot Assisted Surgery: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Virtual Assistants
8.4.1 Overview
8.4.2 Virtual Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Administrative Workflow Assistants
8.5.1 Overview
8.5.2 Administrative Workflow Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Connected Machines
8.6.1 Overview
8.6.2 Connected Machines: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Diagnosis
8.7.1 Overview
8.7.2 Diagnosis: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Clinical Trials
8.8.1 Overview
8.8.2 Clinical Trials: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.9 Fraud Detection
8.9.1 Overview
8.9.2 Fraud Detection: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.10 Cybersecurity
8.10.1 Overview
8.10.2 Cybersecurity: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.11 Dosage Error Reduction
8.11.1 Overview
8.11.2 Dosage Error Reduction: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
8.12 Others
8.12.1 Overview
8.12.2 Others: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
9. South and Central America Artificial Intelligence in Healthcare Market Analysis – By End User
9.1 Overview
9.2 Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)
9.3 Hospitals & Healthcare Providers
9.3.1 Overview
9.3.2 Hospitals & Healthcare Providers: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Patients
9.4.1 Overview
9.4.2 Patients: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Pharma and Biotech Companies
9.5.1 Overview
9.5.2 Pharma and Biotech Companies: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Healthcare Payers
9.6.1 Overview
9.6.2 Healthcare Payers Market: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)
10. South and Central America Artificial Intelligence in Healthcare Market – Geographical Analysis
10.1 South and Central America: Artificial Intelligence in Healthcare Market
10.1.2 South and Central America: Artificial Intelligence in Healthcare Market Share by Country – 2019 & 2027, (%)
10.1.3 Brazil: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1 Brazil: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.2 Brazil: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
10.1.3.3 Brazil: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
10.1.3.4 Brazil: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)
10.1.4 Argentina: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.1 Argentina: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.2 Argentina: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
10.1.4.3 Argentina: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
10.1.4.4 Argentina: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)
10.1.5 Rest of South and Central America: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
10.1.5.1 Rest of South and Central America: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
10.1.5.2 Rest of South and Central America: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
10.1.5.3 Rest of South and Central America: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
10.1.5.4 Rest of South and Central America: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)
11. Impact of COVID-19 Pandemic on South and Central America Artificial Intelligence in Healthcare Market
11.1 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Artificial Intelligence (AI) in Healthcare Market –Industry Landscape
12.1 Overview
12.2 Inorganic Growth Strategies
12.2.1 Overview
12.3 Organic Growth Strategies
12.3.1 Overview
13. Company Profile
13.1 General Electric Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Alphabet Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Intel Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Koninklijke Philips N.V.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Microsoft Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 NVIDIA CORPORATION
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Nuance Communications, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Siemens Healthineers AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arterys Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Johnson and Johnson Services, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms, Artificial Intelligence in Healthcare Market
LIST OF TABLES
Table 1. Brazil Artificial Intelligence in Healthcare Market, by Component– Revenue And Forecast To 2027 (USD Million)
Table 2. Brazil Artificial Intelligence in Healthcare Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 3. Brazil Artificial Intelligence in Healthcare Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 4. Argentina Artificial Intelligence in Healthcare Market, by Component– Revenue And Forecast To 2027 (USD Million)
Table 5. Argentina Artificial Intelligence in Healthcare Market, by Application – Revenue and Forecast to 2027(USD Million)
Table 6. Argentina Artificial Intelligence in Healthcare Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 7. Rest of South and Central America Artificial Intelligence in Healthcare Market, by Component– Revenue And Forecast To 2027 (USD Million)
Table 8. Rest of South and Central America Artificial Intelligence in Healthcare Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Rest of South and Central America Artificial Intelligence in Healthcare Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. Recent Inorganic Growth Strategies in the Artificial Intelligence in Healthcare Market
Table 11. Recent Organic Growth Strategies in the Artificial Intelligence in Healthcare Market
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. Artificial Intelligence in Healthcare Market Segmentation
Figure 2. South and Central America Artificial Intelligence in Healthcare Market Segmentation, By Country
Figure 3. South and Central America Artificial Intelligence in Healthcare Market Overview
Figure 4. Clinical Trials Segment by Application Segment Expected to Witness Rapid Growth
Figure 5. Brazil to Show Significant Growth During Forecast Period
Figure 6. Artificial Intelligence in Healthcare Market, by Geography (US$ Million)
Figure 7. South and Central America Artificial Intelligence in Healthcare Market, Industry Landscape
Figure 8. Artificial Intelligence in Healthcare Market in South and Central America: PEST Analysis
Figure 9. Artificial Intelligence in Healthcare Market Impact Analysis of Drivers and Restraints
Figure 10. South and Central America Artificial Intelligence in Healthcare Market – Revenue Forecast and Analysis – 2019- 2027
Figure 11. Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)
Figure 12. Software Solution: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Hardware: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Services: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)
Figure 16. Robot Assisted Surgery: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Virtual Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Administrative Workflow Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Connected Machines: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Diagnosis: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Clinical Trials: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Fraud Detection: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Cybersecurity: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Dosage Error Reduction: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Others: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)
Figure 27. Hospitals & Healthcare Providers: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Patients: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Pharma and Biotech Companies: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Healthcare Payers: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)
Figure 31. Others: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)
Figure 32. South and Central America: Artificial Intelligence in Healthcare Market, By Key Country – Revenue (2019) (USD Million)
Figure 33. South and Central America: Artificial Intelligence in Healthcare Market Share by Country – 2019 & 2027, (%)
Figure 34. Brazil: Artificial Intelligence in Healthcare Market- Revenue and Forecasts To 2027 (USD Million)
Figure 35. Argentina: Artificial Intelligence in Healthcare Market- Revenue and Forecasts To 2027 (USD Million)
Figure 36. Rest of South and Central America: Artificial Intelligence in Healthcare Market- Revenue And Forecasts To 2027 (USD Million)
Figure 37. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets
- 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.
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