Latin America Telehealth Market Report by Type (Hardware Components, Software Components, Services), Communication Technology (Video Conferencing, mHealth Solutions, and Others), Hosting Type (Cloud-Based and Web-based, On-Premises), Application (Teleconsultation and Tele-mentoring, Medical Education and Training, Teleradiology, Telecardiology, Tele-ICU, Tele-Psychiatry, Tele-Dermatology, and Others), End User (Providers, Patients, Payers, and Others), and Country 2024-2032

Latin America Telehealth Market Report by Type (Hardware Components, Software Components, Services), Communication Technology (Video Conferencing, mHealth Solutions, and Others), Hosting Type (Cloud-Based and Web-based, On-Premises), Application (Teleconsultation and Tele-mentoring, Medical Education and Training, Teleradiology, Telecardiology, Tele-ICU, Tele-Psychiatry, Tele-Dermatology, and Others), End User (Providers, Patients, Payers, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3963
Buy Now

Market Overview:

The Latin America telehealth market size is expected to exhibit a growth rate (CAGR) of 15.27% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate 2024-2032 15.27%


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 report, along with forecasts at the regional and country level from 2024-2032. 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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

We expect the Latin America telehealth market to exhibit a CAGR of 15.27% during 2024-2032.

The rising prevalence of numerous lifestyle diseases, along with the increasing demand for wearable devices, such as smartwatches and bands, to keep a regular check on blood glucose levels, sleep patterns, chronic pain in the body, etc., is primarily driving the Latin America telehealth market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of telehealth services, such as Remote Patient Monitoring (RPM) and video conferencing, to reduce the risk of the coronavirus infection upon hospital visits and interaction with healthcare professionals across several Latin American nations.

Based on the type, the Latin America telehealth market can be segmented into hardware components, software components, and services. Currently, services hold the majority of the total market share.

Based on the hosting type, the Latin America telehealth market has been divided into cloud-based and web-based and on-premises, where cloud-based and web-based currently exhibits a clear dominance in the market.

Based on the end user, the Latin America telehealth market can be categorized into providers, patients, payers, and others. Among these, providers account for the largest market share.

On a regional level, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others, where Brazil currently dominates the Latin America telehealth market.

Some of the major players in the Latin America telehealth market include 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).

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Latin America Telehealth Market Report by Type (Hardware Components, Software Components, Services), Communication Technology (Video Conferencing, mHealth Solutions, and Others), Hosting Type (Cloud-Based and Web-based, On-Premises), Application (Teleconsultation and Tele-mentoring, Medical Education and Training, Teleradiology, Telecardiology, Tele-ICU, Tele-Psychiatry, Tele-Dermatology, and Others), End User (Providers, Patients, Payers, and Others), and Country 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More