Latin America Mhealth Apps Market Size & Outlook, 2023-2030
Latin America mhealth apps market, 2018-2030 (US$M)
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Latin America mhealth apps market highlights
- The Latin America mhealth apps market generated a revenue of USD 1,886.2 million in 2023.
- The market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, medical apps was the largest revenue generating type in 2023.
- Medical Apps is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,886.2 million |
| Market revenue in 2030 | USD 5,366.7 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Medical apps |
| Fastest growing segment | Medical Apps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Apps, Fitness Apps |
| Key market players worldwide | Apple Inc, Alphabet Inc Class A, Airstrip Technologies, Samsung Electronics Co Ltd, Veradigm Inc, AT&T, Orange SA, Teladoc Health Inc, AstraZeneca PLC, Abbott Laboratories, Sanofi SA, Johnson & Johnson, Novartis AG ADR, Pfizer Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global mhealth apps 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 23,007.6 million by 2030.
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MHealth Apps Market Scope
MHealth Apps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America mhealth apps 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 mhealth apps market will help companies and investors design strategic landscapes.
Medical apps was the largest segment with a revenue share of 71.48% in 2023. Horizon Databook has segmented the Latin America mhealth apps market based on medical apps, fitness apps covering the revenue growth of each sub-segment from 2018 to 2030.
Rising incidence of chronic diseases is driving the growth of mobile monitoring services. Rising popularity of mobile apps in Latin America is driving the demand for mHealth services in the region. Apps intended for the management of diabetes, blood pressure, and ECG are expected to be the fastest growing segment.
In Peru, mHealth services focus on training healthcare professionals. While in Mexico, it aims at connecting doctors and patients by offering diagnosis and monitoring services. Favorable government initiatives such as collaborations with various research facilities are anticipated to boost the mHealth apps market.
With the support of WHO, the organization is involved in analyzing big data collected through mHealth services for prevention of illness and developing modules such as personal health records and ePrescription.
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Our clientele includes a mix of mhealth apps market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mhealth apps market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America mhealth apps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mhealth app market size, by country, 2018-2030 (US$M)
Latin America MHealth Apps Market Share, 2023 & 2030 (US$M)
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