According to the latest report by IMARC Group, titled “Latin America Telehealth Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Latin America Telehealth Market Report expected to grow at a CAGR of around 23% during the next five years.
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).
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.
Latin America Telehealth 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.
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Latin America Telehealth Market 2021-2026 Analysis and Segmentation:
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 region, disc type, material type and end user.
Breakup by Type:
- Hardware Components
- Software Components
Breakup by Communication Technology:
- Video Conferencing
- mHealth Solutions
Breakup by Hosting Type:
- Cloud-Based and Web-based
Breakup by Application:
- Teleconsultation and Tele-mentoring
- Medical Education and Training
Breakup by End User:
Breakup by Country:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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