Healthtech has the capability to advance the dissemination of healthcare and bring new innovations to transform the industry’s processes in a wide range of subsectors. There are endless possibilities in healthtech to improve the lives of consumers, businesses, and governments alike, and the essential partnership between healthcare and technology is grabbing the attention of investors globally. With the rise of the COVID-19 pandemic, healthtech stands to play a crucial role in humanity’s fight against the virus.
According to the Distrito Healthtech Report, global investments in healthtech doubled from $7.1 billion to $14.6 billion by 2018. In Latin America, 142 healthtech companies have been identified by Crunchbase as having high growth potential.
The healthtech startup scene is also flourishing in Latin America, with 60 healthtech startups in Colombia alone. In addition, healthcare expenditure in the region is growing at a Compound Annual Growth Rate (CAGR) of 3.4% per year and is slated to keep rising.
As public health systems in Latin America attempt to cope with burgeoning needs, opportunities in both the public and private health sectors will arise for the healthtech industry to lead the way.
