Market revenue in 2023 | USD 1,886.2 million |
Market revenue in 2030 | USD 5,366.7 million |
Growth rate | 16.1% (CAGR from 2023 to 2030) |
Largest segment | Medical apps |
Fastest growing segment | Medical Apps |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Medical Apps, Fitness Apps |
Key market players worldwide | Apple Inc, Alphabet Inc Class A, Airstrip Technologies, Samsung Electronics Co Ltd, Veradigm Inc, AT&T, Orange SA, Teladoc Health Inc, AstraZeneca PLC, Abbott Laboratories, Sanofi SA, Johnson & Johnson, Novartis AG ADR, Pfizer Inc |
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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 apps market will help companies and investors design strategic landscapes.
Medical apps was the largest segment with a revenue share of 71.48% in 2023. Horizon Databook has segmented the Latin America mhealth apps market based on medical apps, fitness apps covering the revenue growth of each sub-segment from 2018 to 2030.
Rising incidence of chronic diseases is driving the growth of mobile monitoring services. Rising popularity of mobile apps in Latin America is driving the demand for mHealth services in the region. Apps intended for the management of diabetes, blood pressure, and ECG are expected to be the fastest growing segment.
In Peru, mHealth services focus on training healthcare professionals. While in Mexico, it aims at connecting doctors and patients by offering diagnosis and monitoring services. Favorable government initiatives such as collaborations with various research facilities are anticipated to boost the mHealth apps market.
With the support of WHO, the organization is involved in analyzing big data collected through mHealth services for prevention of illness and developing modules such as personal health records and ePrescription.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mhealth apps market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America mhealth apps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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