According to the latest report by IMARC Group, titled “Latin America Telehealth Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the latin america telehealth market is expected to exhibit a CAGR of 17.21% during 2022-2027.
Telehealth involves the remote delivery of clinical and non-clinical services through tele- and digital communication technologies. These technologies usually include mobile health (mHealth) applications, video conferencing, remote patient monitoring (RPM), electronic data transmission, etc. Telehealth solutions provide consultation, care management, medical trainings, diagnosis, self-management services, etc. Furthermore, these solutions also assist in conducting administrative meetings, along with imparting medical education via information and communication technologies (ICT).
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
In Latin America, the high prevalence of numerous chronic diseases, such as cardiovascular diseases, arthritis, cancer, etc., that require continual medical supervision is driving the demand for telehealth services. Moreover, the market is further catalyzed by the rising geriatric population, along with the escalating need for home monitoring devices. Additionally, various technological innovations, coupled with the emergence of health monitoring smartphone applications, are acting as other growth-inducing factors. The growing penetration of smart wearable devices for real-time monitoring of blood glucose levels, blood pressure, sleep patterns, heart rate, etc., has also bolstered the market growth. Besides this, extensive investments in the field of medical sciences, along with the continuous upgradation in telecommunication technologies, are anticipated to further propel the demand for telehealth services in Latin America over the forecasted period.
Breakup by Type:
- Hardware Components
- Software Components
- Services
Breakup by Communication Technology:
- Video Conferencing
- mHealth Solutions
- Others
Breakup by Hosting Type:
- Cloud-Based and Web-based
- On-Premises
Breakup by Application:
- Teleconsultation and Tele-mentoring
- Medical Education and Training
- Teleradiology
- Telecardiology
- Tele-ICU
- Tele-Psychiatry
- Tele-Dermatology
- Others
Breakup by End User:
- Providers
- Patients
- Payers
- Others
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aerotel Medical Systems, Boston Scientific Corporation, Cerner Corporation, Cisco Systems Inc., GE Healthcare (General Electric Company), GlobalMed (Schauenburg International GmbH), Honeywell International Inc., Medtronic, Philips Healthcare (Philips) and Siemens Healthineers (Siemens).
The report has segmented the market on the basis on country, type, communication technology, hosting type, application, end user.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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