Market Overview:
The Latin America telehealth market is expected to exhibit a CAGR of 17.21% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Telehealth refers to the remotely delivered medical services that are provided by the healthcare professionals to their patients using information and communication technologies. It is widely adopted by healthcare professionals for providing consultation, care management, patient monitoring, administrative meetings, imparting medical education, etc. Telehealth services are generally offered via video conferencing, electronic transmission of data, mobile health (mHealth) applications, remote patient monitoring (RPM), etc. These services are extensively used across numerous medical specialties, including radiology, cardiology, neurology, psychiatry, dermatology, etc.
In Latin America, the high prevalence of various chronic ailments, such as cardiovascular diseases, arthritis, cancer, etc., that require continual medical supervision is catalyzing the demand for telehealth services. Additionally, the growing geriatric population, who are more prone to serious medical conditions, is also driving the need for homecare-based medical treatment, thereby propelling the market in the region. Apart from this, the increasing penetration of digitalization trends in the healthcare sector is further augmenting the market growth. Moreover, the emergence of smart wearable devices has enabled healthcare professionals to track real-time patient statistics and provide accurate telehealth services. Additionally, with the sudden outbreak of the COVID-19 pandemic, several healthcare professionals, as well as patients, are opting for telehealth services to mitigate the risk of coronavirus infection upon the hospital or clinic visits. Besides this, the government bodies across Latin America are introducing various health initiatives for promoting the adoption of telehealth solutions which are also catalyzing the market growth in the region. Moreover, the rising integration of telehealth services with several innovative technologies, such as AI, predictive analytics, picture archiving and communication system (PACS), etc., will continue to drive the market in Latin America during the forecast period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America telehealth market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, communication technology, hosting type, application and end user.
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
- Colombia
- Chile
- Peru
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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).
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Communication Technology, Hosting Type, Application, End User, Country |
| Countries Covered |
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
| Companies Covered |
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) |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: 2699
Five User License: 3699
Corporate License: 4699 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Latin America telehealth market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Latin America telehealth market?
- What are the key regional markets?
- What is the breakup of the market based on type?
- What is the breakup of the market based on the communication technology?
- What is the breakup of the market based on the hosting type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Latin America telehealth market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Latin America Telehealth Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Hardware Components
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software Components
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Communication Technology
7.1 Video Conferencing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 mHealth Solutions
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Hosting Type
8.1 Cloud-Based and Web-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-Premises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Teleconsultation and Tele-mentoring
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medical Education and Training
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Teleradiology
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Telecardiology
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Tele-ICU
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Tele-Psychiatry
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Tele-Dermatology
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by End User
10.1 Providers
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Patients
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Payers
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Country
11.1 Brazil
11.1.1 Market Trends
11.1.2 Market Breakup by Type
11.1.3 Market Breakup by Communication Technology
11.1.4 Market Breakup by Hosting Type
11.1.5 Market Breakup by Application
11.1.6 Market Breakup by End User
11.1.7 Market Forecast
11.2 Mexico
11.2.1 Market Trends
11.2.2 Market Breakup by Type
11.2.3 Market Breakup by Communication Technology
11.2.4 Market Breakup by Hosting Type
11.2.5 Market Breakup by Application
11.2.6 Market Breakup by End User
11.2.7 Market Forecast
11.3 Argentina
11.3.1 Market Trends
11.3.2 Market Breakup by Type
11.3.3 Market Breakup by Communication Technology
11.3.4 Market Breakup by Hosting Type
11.3.5 Market Breakup by Application
11.3.6 Market Breakup by End User
11.3.7 Market Forecast
11.4 Colombia
11.4.1 Market Trends
11.4.2 Market Breakup by Type
11.4.3 Market Breakup by Communication Technology
11.4.4 Market Breakup by Hosting Type
11.4.5 Market Breakup by Application
11.4.6 Market Breakup by End User
11.4.7 Market Forecast
11.5 Chile
11.5.1 Market Trends
11.5.2 Market Breakup by Type
11.5.3 Market Breakup by Communication Technology
11.5.4 Market Breakup by Hosting Type
11.5.5 Market Breakup by Application
11.5.6 Market Breakup by End User
11.5.7 Market Forecast
11.6 Peru
11.6.1 Market Trends
11.6.2 Market Breakup by Type
11.6.3 Market Breakup by Communication Technology
11.6.4 Market Breakup by Hosting Type
11.6.5 Market Breakup by Application
11.6.6 Market Breakup by End User
11.6.7 Market Forecast
11.7 Others
11.7.1 Market Trends
11.7.2 Market Breakup by Type
11.7.3 Market Breakup by Communication Technology
11.7.4 Market Breakup by Hosting Type
11.7.5 Market Breakup by Application
11.7.6 Market Breakup by End User
11.7.7 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Aerotel Medical Systems
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Boston Scientific Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cerner Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Cisco Systems Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 GE Healthcare (General Electric Company)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 GlobalMed (Schauenburg International GmbH)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Honeywell International Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Medtronic
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Philips Healthcare (Philips)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Siemens Healthineers (Siemens)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
List of Figures
Figure 1: Latin America: Telehealth Market: Major Drivers and Challenges
Figure 2: Latin America: Telehealth Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Latin America: Telehealth Market: Breakup by Type (in %), 2021
Figure 4: Latin America: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 5: Latin America: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 6: Latin America: Telehealth Market: Breakup by Application (in %), 2021
Figure 7: Latin America: Telehealth Market: Breakup by End User (in %), 2021
Figure 8: Latin America: Telehealth Market: Breakup by Country (in %), 2021
Figure 9: Latin America: Telehealth Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Latin America: Telehealth (Hardware Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Latin America: Telehealth (Hardware Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Latin America: Telehealth (Software Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Latin America: Telehealth (Software Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Latin America: Telehealth (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Latin America: Telehealth (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Latin America: Telehealth (Video Conferencing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Latin America: Telehealth (Video Conferencing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Latin America: Telehealth (mHealth Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Latin America: Telehealth (mHealth Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Latin America: Telehealth (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Latin America: Telehealth (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Latin America: Telehealth (Cloud-Based and Web-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Latin America: Telehealth (Cloud-Based and Web-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Latin America: Telehealth (On-Premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Latin America: Telehealth (On-Premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Latin America: Telehealth (Teleconsultation and Tele-mentoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Latin America: Telehealth (Teleconsultation and Tele-mentoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Latin America: Telehealth (Medical Education and Training) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Latin America: Telehealth (Medical Education and Training) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Latin America: Telehealth (Teleradiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Latin America: Telehealth (Teleradiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Latin America: Telehealth (Telecardiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Latin America: Telehealth (Telecardiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Latin America: Telehealth (Tele-ICU) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Latin America: Telehealth (Tele-ICU) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Latin America: Telehealth (Tele-Psychiatry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Latin America: Telehealth (Tele-Psychiatry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Latin America: Telehealth (Tele-Dermatology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Latin America: Telehealth (Tele-Dermatology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Latin America: Telehealth (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Latin America: Telehealth (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Latin America: Telehealth (Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Latin America: Telehealth (Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Latin America: Telehealth (Patients) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Latin America: Telehealth (Patients) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Latin America: Telehealth (Payers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Latin America: Telehealth (Payers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Latin America: Telehealth (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Latin America: Telehealth (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Brazil: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Brazil: Telehealth Market: Breakup by Type (in %), 2021
Figure 52: Brazil: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 53: Brazil: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 54: Brazil: Telehealth Market: Breakup by Application (in %), 2021
Figure 55: Brazil: Telehealth Market: Breakup by End User (in %), 2021
Figure 56: Brazil: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Mexico: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Mexico: Telehealth Market: Breakup by Type (in %), 2021
Figure 59: Mexico: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 60: Mexico: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 61: Mexico: Telehealth Market: Breakup by Application (in %), 2021
Figure 62: Mexico: Telehealth Market: Breakup by End User (in %), 2021
Figure 63: Mexico: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Argentina: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Argentina: Telehealth Market: Breakup by Type (in %), 2021
Figure 66: Argentina: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 67: Argentina: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 68: Argentina: Telehealth Market: Breakup by Application (in %), 2021
Figure 69: Argentina: Telehealth Market: Breakup by End User (in %), 2021
Figure 70: Argentina: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Colombia: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Colombia: Telehealth Market: Breakup by Type (in %), 2021
Figure 73: Colombia: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 74: Colombia: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 75: Colombia: Telehealth Market: Breakup by Application (in %), 2021
Figure 76: Colombia: Telehealth Market: Breakup by End User (in %), 2021
Figure 77: Colombia: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Chile: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Chile: Telehealth Market: Breakup by Type (in %), 2021
Figure 80: Chile: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 81: Chile: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 82: Chile: Telehealth Market: Breakup by Application (in %), 2021
Figure 83: Chile: Telehealth Market: Breakup by End User (in %), 2021
Figure 84: Chile: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Peru: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Peru: Telehealth Market: Breakup by Type (in %), 2021
Figure 87: Peru: Telehealth Market: Breakup by Communication Technology (in %), 2021
Figure 88: Peru: Telehealth Market: Breakup by Hosting Type (in %), 2021
Figure 89: Peru: Telehealth Market: Breakup by Application (in %), 2021
Figure 90: Peru: Telehealth Market: Breakup by End User (in %), 2021
Figure 91: Peru: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Telehealth Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Telehealth Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Latin America: Telehealth Industry: SWOT Analysis
Figure 95: Latin America: Telehealth Industry: Value Chain Analysis
Figure 96: Latin America: Telehealth Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Latin America: Telehealth Market: Key Industry Highlights, 2021 and 2027
Table 2: Latin America: Telehealth Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Latin America: Telehealth Market Forecast: Breakup by Communication Technology (in Million US$), 2022-2027
Table 4: Latin America: Telehealth Market Forecast: Breakup by Hosting Type (in Million US$), 2022-2027
Table 5: Latin America: Telehealth Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Latin America: Telehealth Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Latin America: Telehealth Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 8: Latin America: Telehealth Market: Competitive Structure
Table 9: Latin America: Telehealth Market: Key Players