Mexico Mhealth Market Size & Outlook, 2023-2030
Mexico mhealth market, 2018-2030 (US$M)
Related Markets
Mexico mhealth market highlights
- The Mexico mhealth market generated a revenue of USD 615.8 million in 2023 and is expected to reach USD 1,629.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.9% from 2024 to 2030.
- In terms of segment, mhealth apps was the largest revenue generating component in 2023.
- MHealth Apps is the most lucrative component segment registering the fastest growth during the forecast period.
Mhealth market data book summary
| Market revenue in 2023 | USD 615.8 million |
| Market revenue in 2030 | USD 1,629.1 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearables & Connected Medical Devices, MHealth Apps, Services |
| Key market players worldwide | Apple Inc, AT&T, Airstrip Technologies, Veradigm Inc, Qualcomm Inc, Vodafone Group PLC, Alphabet Inc Class A, Telefonica SA, SoftServe, Samsung Electronics Co Ltd, Orange SA |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global mhealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil mhealth market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2,431.6 million by 2030.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico mhealth 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 market will help companies and investors design strategic landscapes.
Mhealth apps was the largest segment with a revenue share of 44.74% in 2023. Horizon Databook has segmented the Mexico mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing incidence of chronic diseases, especially diabetes, and growing aging population are driving the demand for chronic disease management & monitoring services. According to data published by IDF in 2021, the prevalence of diabetes in Mexico was 16.9%.
In addition, various mHealth projects being initiated in the country are further expected to boost the demand for mHealth in the market. For instance, Prospera Digital was started by a specialized primary healthcare center of ISEM and is used to provide useful maternal and infant healthcare information through mobile apps.
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Target buyers of Mexico mhealth market databook
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Our clientele includes a mix of mhealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico mhealth market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mhealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico mhealth market size, by component, 2018-2030 (US$M)
Mexico Mhealth Market Outlook Share, 2023 & 2030 (US$M)
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