Telehealth Services Market in Latin America Market Size

Statistics for the 2023 & 2024 Telehealth Services Market in Latin America market size, created by Mordor Intelligence™ Industry Reports. Telehealth Services Market in Latin America size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Telehealth Services Industry in Latin America

Telehealth Services Market in Latin America Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR < 20.00 %
Market Concentration Medium

Major Players

Telehealth Services Market in Latin America Major Players

*Disclaimer: Major Players sorted in no particular order


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Latin America Telehealth Services Market Analysis

Telehealth is referred to as remote medical services provided by healthcare providers. It is widely adopted by healthcare professionals for providing consultation, care management, patient monitoring, administrative meetings, imparting medical education, etc. These services are usually offered through video conferencing, mobile health applications, remote patient monitoring (RPM), 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.

Major market players in the Latin American telemedicine market are AMD Global Telemedicine, 1DOC3, Docademic, Amwell, ViveBem, Teladoc, and Lumed Health among others. The market players are focusing on collaboration and partnership strategies to stay ahead in the competitive market. For instance, In March 2020, VivaBem announced its partnership with for the expansion of digital services in Brazil. The partnership is expected to broaden its customer base and generate more revenue.

Due to the sudden outbreak of the Covid-19 pandemic various healthcare professionals, as well as patients, have been opting for telehealth services. These services help to mitigate the risk of coronavirus infection during hospital visits. The covid-19 pandemic has made the government across Latin America introduce health initiatives to promote the adoption of telehealth solutions which is leading to the growth of this market.

Telehealth Services Market in Latin America Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)