Latin America Remote Patient Monitoring Software And Services Market Size & Outlook
Latin America remote patient monitoring software and services market, 2018-2030 (US$M)
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Latin America remote patient monitoring software and services market highlights
- The Latin America remote patient monitoring software and services market generated a revenue of USD 435.4 million in 2023.
- The market is expected to grow at a CAGR of 32% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating type in 2023.
- Software 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 435.4 million |
| Market revenue in 2030 | USD 3,047.4 million |
| Growth rate | 32% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Software |
| Key market players worldwide | Teladoc Health Inc, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, OMRON Corp, BioIntelliSense, Philips |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global remote patient monitoring software and services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,092.8 million by 2030.
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Remote Patient Monitoring Software And Services Market Scope
Remote Patient Monitoring Software And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America remote patient monitoring software and services 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 remote patient monitoring software and services market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 78.04% in 2023. Horizon Databook has segmented the Latin America remote patient monitoring software and services market based on services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American remote patient monitoring devices market includes Brazil, Argentina, Colombia, and Mexico. The market in Latin America is expected to witness steady growth during the forecast period owing to the rising number of people living with chronic diseases and cardiac disorders.
Furthermore, the proportion of the aging population is growing in Latin America due to an increase in average life expectancy and demographic changes.
The aging population in Latin America is expected to reach 18.5% by 2050. This is expected to increase the prevalence of age-associated diseases and demand for remote monitoring devices, thereby positively impacting growth.
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Our clientele includes a mix of remote patient monitoring software and services 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America remote patient monitoring software and services market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America remote patient monitoring software and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America remote patient monitoring software services market report size, by country, 2018-2030 (US$M)
Latin America Remote Patient Monitoring Software And Services Market Share, 2023 & 2030 (US$M)
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