Latin America Telehealth Market Size & Outlook, 2023-2030
Latin America telehealth market, 2018-2030 (US$M)
Related Markets
Latin America telehealth market highlights
- The Latin America telehealth market generated a revenue of USD 5,050.6 million in 2023.
- The market is expected to grow at a CAGR of 24.1% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product 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 5,050.6 million |
| Market revenue in 2030 | USD 22,831.0 million |
| Growth rate | 24.1% (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 | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global telehealth 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 167,192.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America telehealth 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 telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 47% in 2023. Horizon Databook has segmented the Latin America telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has a combination of large health human resources and pool of tech entrepreneurs. This acts as a driving factor for the telehealth market in Latin America. In addition, increasing expenditure on electronic & mobile devices by buyers is contributing toward 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.
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Our clientele includes a mix of telehealth 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 telehealth market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America telehealth market size, by country, 2018-2030 (US$M)
Latin America Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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