The Latin American eHealth market size is forecasted to grow at a CAGR of 13.20% between 2023 to 2028. This market was worth USD 1606 million in 2023 and predicted to worth USD 2986 million by 2028.
Increasing smartphone usage among the countries of Latin American countries is significantly boosting the market growth. The population using smartphones in Latin American countries is very high, which is further reflecting on the usage of eHealth and mHealth solutions for various health disorders. This factor mentioned above is expected to be a significant growth factor for the market during the forecast period.
Growing adoption and awareness regarding the benefits associated with the regarding the eHealth is another decisive factor supporting the market growth in this region. The increasing aging population and rising patient population in this region are favorable factors to the market's development.
Factors such as data protection issues are increasing at a rapid pace in LATAM, which is expected to restrain the market of eHealth in this region during the forecast period. Growing demand for the security of the infrastructure in securing the data and swelling safety concerns are predicted to encumber the growth of these services in the region over the period. The eHealth sector is stopped by a lack of interaction among the providers in Colombia.
This research report on the Latin America eHealth Market has been segmented and sub-segmented into the following categories:
The Latin American market is projected to hike at a decent rate during the forecast period. Among different Latin American nations, the Brazilian market is predicted to dominate the regional market due to intensifying patient health management's importunity. The imperative to downsize the outgoings in healthcare is amplifying the demand for e-health solutions. Advancements in technology and escalating disposable income are anticipated to positively influence the eHealth market growth in the forthcoming years. The eHealth market in Mexico has attracted attention from economic shareholders and strategic bidders and foreign suitors. In 2014, around 3.5 million patients in Colombia were taken care of over e-health platforms, as per the study conducted by the country’s Ministry of Information and Communications Technology. Also, the surging support for hospitals from different governments in Latin America in the form of funds and investments and allowances leading to the increase in the assumption of EHR systems are flourishing the market growth in the region.
Prominent companies leading in the Latin America eHealth Market profiled in the report are Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, SetPoint Medical, Doximity, Lift Labs, Proteus Digital Health, Apple.
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