Mexico Connected Healthcare Market Report 2022 to 2030

Mexico Connected Healthcare Market Analysis

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Mexico connected healthcare market is projected to grow from $995.4 Mn in 2022 to $7469.23 Mn by 2030, registering a CAGR of 28.65% during the forecast period of 2022-30. The main factors driving the growth would be increasing technological adoption, the ageing population, the rising prevalence of chronic diseases and government support. The market is segmented by type, function and by application. Some of the major players include Okani, Prosperia, Cuentame, Medtronic, Honeywell, Siemens Healthineer and GE Healthcare.

ID: IN10MXHS004 CATEGORY: Healthcare Services GEOGRAPHY: Mexico AUTHOR: Neha Davda

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Mexico Connected Healthcare Market Executive Summary

Mexico connected healthcare market is projected to grow from $995.4 Mn in 2022 to $7469.23 Mn by 2030, registering a CAGR of 28.65% during the forecast period of 2022-30. Mexico's national health expenditure increased in 2019 from 5.38% of GDP or $521 per capita in 2018 to 5.43% of GDP or $540 per capita.

The market for connected healthcare in Mexico is a young industry that is transforming quickly as a result of rising demand for digital health solutions and bettering healthcare infrastructure. In order to provide healthcare services remotely, connected healthcare refers to the use of digital technology including mobile devices, remote monitoring, and telecommunication networks.

By improving access to healthcare services, lowering costs, enhancing patient outcomes, and raising patient satisfaction, the deployment of connected healthcare solutions in Mexico has the potential to completely change the healthcare landscape. The usage of teleconsultation services, remote monitoring tools, and other connected healthcare solutions is already prevalent in Mexico. These technologies have demonstrated efficacy in enhancing patient happiness and healthcare outcomes.

Mexico Connected Healthcare Market Report 2022 to 2030

Market Dynamics

Market Growth Drivers

The Mexico-connected healthcare market is expected to be driven by factors such as:

Increasing technological adoption- In Mexico, the use of technology in the healthcare industry is growing quickly. This is because cutting-edge technologies, like artificial intelligence, machine learning, and the internet of things (IoT), are readily available and being used to enhance the delivery of healthcare and patient outcomes
Ageing population- Mexico has an ageing population, and it is anticipated that in the coming years, the proportion of persons in this age group would rise dramatically. Given that older persons are more likely to need healthcare services and support, this demographic trend is predicted to increase demand for connected healthcare solutions
Rising prevalence of chronic diseases- Chronic conditions like diabetes, cardiovascular disease, and obesity are very common in Mexico. Demand for connected healthcare solutions is anticipated to increase as a result of the ability of telemedicine, digital health tools, and remote monitoring to improve the management of these chronic disorders
Government initiatives- The Mexican government has started a number of programs to enhance the quality of medical care and its results. The National Digital Health Strategy is one of these projects; it intends to encourage the adoption of digital health technologies in the nation's healthcare system. These initiatives are anticipated to aid in the development of Mexico's connected healthcare market

Market Restraints

The following factors are expected to limit the growth of the connected healthcare market in Mexico:

High Cost- In Mexico, where healthcare expenditure is already constrained, the expense of establishing and sustaining connected healthcare systems may prevent the widespread adoption
Limited regulatory framework- Although there is a limited legislative framework for linked healthcare solutions, the Mexican government has initiated steps to encourage the use of digital health technologies. This could lead to uncertainty and reduce sector investment
Lack of digital infrastructure- Despite the country's growing acceptance of technology, Mexico's digital infrastructure still has a lot of holes in it. This might restrict where connected healthcare solutions are offered and accessible, particularly in rural and distant areas

Competitive Landscape

Key Players

Okani (MEX)- Okani is a digital health platform that offers medical care services 24 hours a day, seven days a week. It provides care options based on user preferences
Prosperia (MEX)- Prosperia develops artificial intelligence-based software for diabetes diagnosis. Early identification of diabetes and diabetic retinopathy using risk assessment calculators, a non-invasive fundus camera, and retinal picture processing
Cuentame (MEX)- Developer an app for managing emotional well-being. The app provides capabilities for online therapy consultations with psychologists. The app can also track progress through measurement testing
Medtronic- Medtronic is a medical technology business that provides solutions for connected healthcare. Implantable gadgets, patient monitoring systems, and healthcare IT solutions are among their offerings
Honeywell- Honeywell is a worldwide company focused on four business areas: aerospace, building technologies, performance materials and technology, and safety and productivity solutions
Siemens Healthineers- Siemens Healthineers is a global healthcare corporation that provides medical imaging and diagnostic devices, healthcare information technology solutions, and laboratory diagnostics
GE Healthcare- GE Healthcare is a market leader in providing linked healthcare solutions. Medical imaging systems, patient monitoring systems, and healthcare IT solutions are among their offerings

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Mexico Connected Healthcare Market Segmentation

By Type (Revenue, USD Billion):

Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription

MHealth services
mHealth Devices
E- Prescription

By FunctionType (Revenue, USD Billion):

Remote patient monitoring
Clinical monitoring
Telemedicine
Others (Assisted Living)

By Application Type (Revenue, USD Billion):

Diagnosis and Treatment
Monitoring Application
Wellness and Prevention
Healthcare management
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.