Mexico Telemedicine Market Size & Outlook, 2023-2030
Mexico telemedicine market, 2018-2030 (US$M)
Related Markets
Mexico telemedicine market highlights
- The Mexico telemedicine market generated a revenue of USD 1,339.5 million in 2023 and is expected to reach USD 4,546.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 19.1% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Telemedicine market data book summary
| Market revenue in 2023 | USD 1,339.5 million |
| Market revenue in 2030 | USD 4,546.7 million |
| Growth rate | 19.1% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global telemedicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil telemedicine 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 3,286.3 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico telemedicine 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 telemedicine market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 52.05% in 2023. Horizon Databook has segmented the Mexico telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing adoption of eHealth and telemedicine by healthcare providers in Mexico is expected to drive the market growth in this region. In addition, the COVID-19 pandemic has accelerated the implementation of technology in the country. For instance, in October 2020, Jack Nathan Health Mexico launched a nationwide telemedicine service portal.
In March 2021, SmileDirectClub announced its market-leading telehealth solution in Mexico. As a result, the company continues its international growth to serve untapped markets. Hence, such initiatives contribute to the market growth.
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Target buyers of Mexico telemedicine market databook
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Our clientele includes a mix of telemedicine 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 telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Mexico telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico telemedicine market size, by component, 2018-2030 (US$M)
Mexico Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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