Hospitals in Latin America 2022, by country

With close to 7.5 thousand medical centers, Brazil was the Latin American country with the highest number of hospitals in 2022, among the countries depicted. Mexico ranked second, with 3.7 thousand hospitals. In 2020, Hospital Israelita Albert Einstein was the leading hospital by quality in the South American country.

Healthcare spending

With an estimated 11 percent of its gross domestic product (GDP) being spent on health, Cuba was the nation with the highest health expenditure share in Latin America and the Caribbean in 2020. Placing second on this ranking along with Argentina, Brazil’s government spent nearly 45 percent of its annual health expenditure on hospital and outpatient care. Meanwhile, in Chile, government spending on healthcare was, on average, about 1.28 thousand U.S. dollars per person in 2019, which was more than the combined health expenditure from government and out-of-pocket spending in Mexico.

Leading medical technology

Including products such as diagnostic imaging, implants, and vaccines, nanomedicine has by far been Latin America’s most valuable medical technology, generating an estimated 19.36 billion U.S. dollars in 2022. Furthermore, the revenue of nanomedicine in the region is expected to reach 37.45 billion U.S. dollars by 2027, representing an increase of more than 94 percent over a span of five years.