Latin America Mhealth Market Size & Outlook, 2023-2030
Latin America Mhealth Market, 2018-2030 (US$M)
Global Market
Related Markets
Latin America mhealth market highlights
- The Latin America mhealth market generated a revenue of USD 3,892.1 million in 2023.
- The market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, mhealth apps was the largest revenue generating component in 2023.
- MHealth Apps is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,892.1 million |
| Market revenue in 2030 | USD 10,543.3 million |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearables & Connected Medical Devices, MHealth Apps, Services |
| Key market players worldwide | Apple Inc, AT&T, Airstrip Technologies, Veradigm Inc, Qualcomm Inc, Vodafone Group PLC, Alphabet Inc Class A, Telefonica SA, SoftServe, Samsung Electronics Co Ltd, Orange SA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global mhealth 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 45,351.9 million by 2030.
Growing incidence of chronic diseases is likely to drive the adoption of mobile monitoring services. According to the Population Reference Bureau, it is estimated that by 2030, 81% of total deaths in Latin America and the Caribbean will be caused by four major noncommunicable diseases, namely cancer, cardiovascular disease, diabetes, and chronic respiratory disease.
Rising popularity of mobile apps in Latin America is expected to drive the demand for mHealth technologies in the region. Growing demand for apps that help manage/track diabetes, blood pressure, and ECG is expected to drive market growth. In Peru, mHealth services focus on training healthcare professionals.
In Mexico, they aim to connect doctors and patients by offering diagnosis & monitoring services. Healthcare providers such as hospitals, clinics, and medical professionals are increasingly recognizing the potential benefits of mHealth technologies. These technologies can help streamline workflows, increase patient engagement, and provide more personalized care.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Veradigm Inc | View profile | 7,869 | 222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, United States, 60654 | www.veradigm.com |
| Alphabet Inc Class A | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Qualcomm Inc | View profile | 50,000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | www.qualcomm.com |
| Orange SA | View profile | 129,500 | 111 Quai du President Roosevelt, Issy-les-Moulineaux, Paris, France, 92130 | www.orange.com/en |
| SoftServe | View profile | 5001-10000 | Austin, Texas, United States, North America | www.softserveinc.com |
| Vodafone Group PLC | View profile | 85,225 | Vodafone House, The Connection, Newbury, Berkshire, United Kingdom, RG14 2FN | www.vodafone.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
| Airstrip Technologies | View profile | 101-250 | San Antonio, Texas, United States, North America | www.airstrip.com/ |
Latin America Mhealth 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 Mhealth Market Outlook will help companies and investors design strategic landscapes.
Mhealth Apps was the largest segment with a revenue share of 48.23% in 2023.
Horizon Databook has segmented the Latin America mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
Growing incidence of chronic diseases is likely to drive the adoption of mobile monitoring services. According to the Population Reference Bureau, it is estimated that by 2030, 81% of total deaths in Latin America and the Caribbean will be caused by four major noncommunicable diseases, namely cancer, cardiovascular disease, diabetes, and chronic respiratory disease.
Rising popularity of mobile apps in Latin America is expected to drive the demand for mHealth technologies in the region. Growing demand for apps that help manage/track diabetes, blood pressure, and ECG is expected to drive market growth. In Peru, mHealth services focus on training healthcare professionals.
In Mexico, they aim to connect doctors and patients by offering diagnosis & monitoring services. Healthcare providers such as hospitals, clinics, and medical professionals are increasingly recognizing the potential benefits of mHealth technologies. These technologies can help streamline workflows, increase patient engagement, and provide more personalized care.
- Latin America Mhealth Market Component Outlook (Revenue, USD Million , 2018-2030)
- Wearables & Connected Medical Devices
- mHealth Apps
- Services
- Latin America Mhealth Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Patients
- Providers
- Payers
- Other End-user
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Mhealth Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Mhealth Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Mhealth Market, 2018-2030 (US$M)
Latin America mhealth market statistics, by component, 2018-2030 (US$M)
