Mexico - Latin America Mhealth Market Size & Outlook
Mexico - Latin America Mhealth Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico mhealth market highlights
- The Mexico mhealth market generated a revenue of USD 615.8 million in 2023 and is expected to reach USD 1,629.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.9% 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.
Mhealth market data book summary
| Market revenue in 2023 | USD 615.8 million |
| Market revenue in 2030 | USD 1,629.1 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.0% of the global mhealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil mhealth 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 2,431.6 million by 2030.
Increasing incidence of chronic diseases, especially diabetes, and growing aging population are driving the demand for chronic disease management & monitoring services. According to data published by IDF in 2021, the prevalence of diabetes in Mexico was 16.9%.
In addition, various mHealth projects being initiated in the country are further expected to boost the demand for mHealth in the market. For instance, Prospera Digital was started by a specialized primary healthcare center of ISEM and is used to provide useful maternal and infant healthcare information through mobile apps.
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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/ |
Mexico - 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 44.74% in 2023.
Horizon Databook has segmented the Mexico - 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.
Increasing incidence of chronic diseases, especially diabetes, and growing aging population are driving the demand for chronic disease management & monitoring services. According to data published by IDF in 2021, the prevalence of diabetes in Mexico was 16.9%.
In addition, various mHealth projects being initiated in the country are further expected to boost the demand for mHealth in the market. For instance, Prospera Digital was started by a specialized primary healthcare center of ISEM and is used to provide useful maternal and infant healthcare information through mobile apps.
- Mexico - Latin America Mhealth Market Component Outlook (Revenue, USD Million , 2018-2030)
- Wearables & Connected Medical Devices
- mHealth Apps
- Services
- Mexico - Latin America Mhealth Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Patients
- Providers
- Payers
- Other End-user
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- Our clientele includes a mix of Mhealth Market Outlook companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Mhealth Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Mhealth Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Mhealth Market, 2018-2030 (US$M)
Mexico mhealth market statistics, by component, 2018-2030 (US$M)
