Latin America Telemedicine Market share to record substantial gains by 2026

The market study on Latin America Telemedicine Market provides detailed analysis on this industry including substantial details subject to its overall position in the global landscape and applications across myriad end-user industries.

According to this report, the Latin America telemedicine industry was valued at USD 1.4 billion in 2019 and is further projected to record a valuation of USD 5.5 billion by 2026 while depicting a growth rate of 20% over 2020-2026. In line with this, the study also constitutes of crucial information on the current market scenario, developing technologies, widespread competitive landscape, strategies undertaken by market rivals, prospects, and vivid market segmentations.

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Moreover, details regarding growth rendering factors and ongoing technological trends that are expected to drive the overall Latin America telemedicine industry have also been accurately drafted in the research report. The Latin America telemedicine market has been potentially fragmented based on type, delivery mode, service, speciality, regions, and competitive landscape, whose in-depth study has also been covered in the report.

Based on specialty, the telemedicine medicine market is bifurcated to cardiology, mental health, neurology, gynecology, dermatology, orthopedics and others. The mental health segment accounted for USD 283.1 million in 2019. Increasing prevalence of mental disorders coupled with limited number of healthcare providers for mental health will boost application of telemedicine in mental health. Furthermore, mental health is deemed to be perfect for telemedicine due to its relatively low emphasis on physical contact and high reliance on counselling, thereby fostering the segmental growth.

As per the given document, Latin American telemedicine market has vividly been diversified into regions including Brazil, Mexico, Colombia, Peru. The report also includes substantial information on various factors that contribute to the overall market growth, trending growth opportunities, current and predicted CAGRs, technologies being used, robust presence of top-notch companies, regulatory reforms, and individual market share.

Mexico telemedicine market is forecasted to expand at 21.0% between 2020 and 2026. The local market expansion can be attributed to increasing number of COVID cases in the country. High market penetration of technically advanced digital health devices is expected to drive the telemedicine market. Furthermore, government initiatives along with growing awareness regarding benefits of telemedicine services will boost the local industry growth.

The telemedicine market in Latin America is highly consolidated and claims the presence of prominent companies such as AMD Global Telemedicine, Aerotel Medical System, Docademic, Honeywell International, ViveBem, Teladoc and Lumed Health among others. Additionally, the document drafted puts forth details on the sales spectrum of each of these firms, their market tactics to maintain strong foothold in the overall market, individual company profiles and market share, and their stance in the global ecosystem.

[TOC Chapters]

Chapter 4.         Latin America Telemedicine Market Size, By Service

4.1.   Key trends in Latin America Telemedicine, by service

4.2.   Tele-consulting

4.2.1.  Market estimates and forecast, by country, 2015 – 2026 (USD Million)

4.3.   Tele-monitoring

4.3.1.  Market estimates and forecast, by country, 2015 – 2026 (USD Million)

4.4.   Tele-education/training

4.4.1.  Market estimates and forecast, by country, 2015 – 2026 (USD Million)

4.5.   Others

4.5.1.  Market estimates and forecast, by country, 2015 – 2026 (USD Million)

Chapter 5.         Latin America Telemedicine Market Forecast, By Type

5.1.   Key trends in Latin America Telemedicine, by type

5.2.   Telehospital

5.2.1.  Market estimates and forecast, by country, 2015 – 2026 (USD Million)

5.3.   Telehome

5.3.1.  Market estimates and forecast, by country, 2015 – 2026 (USD Million)

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