Mexico Telehealth Market Size & Outlook, 2023-2030
Mexico telehealth market, 2018-2030 (US$M)
Related Markets
Mexico telehealth market highlights
- The Mexico telehealth market generated a revenue of USD 1,099.0 million in 2023 and is expected to reach USD 5,174.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 24.8% 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.
Telehealth market data book summary
| Market revenue in 2023 | USD 1,099.0 million |
| Market revenue in 2030 | USD 5,174.0 million |
| Growth rate | 24.8% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.1% of the global telehealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil telehealth market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 5,174.0 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 47.34% in 2023. Horizon Databook has segmented the Mexico telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The telehealth market in Mexico is still in a developing phase and is expected to grow at a significant rate during the forecast period. Favorable public programs, such as National Universal Health Coverage Policy, National Digital Strategy, and Telehealth Program of Action, have contributed to the development of a sustainable digital environment in Mexico.
In 2018, the first of its kind event called Digital Health Forum Mexico (DHFM) was organized in the country. It emphasized on the strong commitment of Mexico to transform the healthcare system through digitalization and phase wise integration of technologies into healthcare.
Initiation of various digital health projects is expected to further boost the demand for telehealth services in Mexico. For instance, an organization called Frugal Innovations in Health Care Delivery surveys and analyzes Medical Home, which provides telephone access to licensed doctors in larger hospitals, labs, and clinics.
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Mexico telehealth market , including forecasts for subscribers. This country databook contains high-level insights into Mexico telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico telehealth market size, by product, 2018-2030 (US$M)
Mexico Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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