Latin America Digital Health Market Size & Outlook
Latin America digital health market, 2018-2030 (US$M)
Related Markets
Latin America digital health market highlights
- The Latin America digital health market generated a revenue of USD 14,264.7 million in 2023.
- The market is expected to grow at a CAGR of 22.6% from 2024 to 2030.
- In terms of segment, tele-healthcare was the largest revenue generating technology in 2023.
- Tele-Healthcare is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 14,264.7 million |
| Market revenue in 2030 | USD 59,491.7 million |
| Growth rate | 22.6% (CAGR from 2023 to 2030) |
| Largest segment | Tele-healthcare |
| Fastest growing segment | Tele-Healthcare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tele-Healthcare, MHealth, Healthcare Analytics, Digital Health Systems |
| Key market players worldwide | Epic Systems Corporation, Telefonica SA, AT&T, Airstrip Technologies, Quantum-Si Inc Ordinary Shares - Class A, Alphabet Inc Class C, Orange SA, SoftServe, Hims & Hers Health Inc Ordinary Shares - Class A, Computer Programs and Systems Inc. (CPSI), Vocera Communications, International Business Machines Corp, Cisco Systems Inc, Apple Inc, Oracle Corp, Veradigm Inc, McKesson Corp, Vodafone Group PLC, Qualcomm Inc, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.9% of the global digital health market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 252,551.0 million by 2030.
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Digital Health Market Scope
Digital Health Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America digital health market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital health market will help companies and investors design strategic landscapes.
Tele-healthcare was the largest segment with a revenue share of 42.45% in 2023. Horizon Databook has segmented the Latin America digital health market based on tele-healthcare, mhealth, healthcare analytics, digital health systems covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has a combination of a huge field of health human resources and a large pool of tech entrepreneurs. This acts as a driving factor for the digital health market in Latin America. In addition, increasing expenditure on electronic & mobile devices by buyers is contributing to the development of the market.
It also stated that approximately 40 million people in Brazil and Mexico were likely to receive medical attention using mobile health apps and video consultations. Factors such as government support in expanding telehealth & digital health networks are boosting market growth.
For instance, telemedicine network in Bolivia provided improved access to specialty care in health centers using tele-education and teleconsultation. Moreover, many Latin American countries use electronic immunization registries to monitor vaccination coverage across the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America digital health market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America digital health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America digital health market size, by country, 2018-2030 (US$M)
Latin America Digital Health Market Outlook Share, 2023 & 2030 (US$M)
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