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Healthcare Industry Transformation

Healthcare Industry Transformation

This IDC Market Perspective summarizes and give updates on the trends surrounding the healthcare market in Latin America (LATAM). This study discusses the developments and the dynamics across LATAM countries, provides insights, and presents opportunities for technology suppliers that want to engage themselves in the healthcare market in Latin America.According to IDC's latest study, IDC IT Spending Guide by Industry and Company Size Forecast, the healthcare market expects a year-over-year (YoY) growth (2018 vs. 2019) of 5.7%, to reach US$2.403 million in 2019, with telecom, hardware, IT services, software, and business services as the main contributors. "There is a consensus in the market, in which all related technologies such as big data, analytics, cognitive/artificial intelligence (AI) that allow users to access customized offerings for groups or medical industries, will always be considered as complementary tools for healthcare, and in which all information should be evaluated (by curator) and the final decision for diagnosis and/or treatment should always be supported by professional physicians," says Waldemar Schuster, program manager for IT Services, IDC Latin America.

Executive Snapshot
New Market Developments and Dynamics
IDC predicts that Life Science and Healthcare companies will have dedicated resources to support accessing, sharing, and analyzing real-world evidence for use across their organizations.
Another trend IDC has observed is a shift in paradigm, from focus on data to outcomes through Cloud-Based Digital Health Platforms in which the data used in medical care is collected and shared with healthcare systems by the patients themselves.
Bringing healthcare to the consumer through digital patient engagement is another trend observed in the region.
Healthcare and Life Science organizations gain through the adoption of cognitive/AI technology in Latin America.
Advice for the Technology Supplier
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