Mexico Digital Therapeutics Market Analysis

Mexico Digital Therapeutics Market Analysis


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Mexico Digital Therapeutics Market is at around $93 Mn in 2023 and is projected to reach $508 Mn in 2030, exhibiting a CAGR of 27.45% during the forecast period. The market is propelling due to factors such as the rising prevalence of chronic diseases, the expansion of telehealth, and the rise in patient engagement and awareness. The market is dominated by key players like Omada Health Inc., 2Morrow Inc., Livongo Health Inc., WellDoc, Propeller Health, Canary Health, Noom Inc., Akili Interactive Labs Inc., and HYGIEIA.

ID: IN10MXDH006 CATEGORY: Digital Health GEOGRAPHY: Mexico AUTHOR: Aneri Parekh

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Mexico Digital Therapeutics Market Executive Summary

Mexico Digital Therapeutics Market is at around $93 Mn in 2023 and is projected to reach $508 Mn in 2030, exhibiting a CAGR of 27.45% during the forecast period.

The developing field of digital therapeutics in Mexico uses software and mobile apps among other digital technologies to provide evidence-based treatment solutions. This industry offers a viable path to enhancing healthcare outcomes since it includes a wide range of products and services for managing and treating different medical diseases. The Mexican healthcare industry is embracing digital innovation, and the Digital Therapeutics Market has the potential to significantly impact the way the nation approaches patient care and treatment.

The growing use of digital health solutions is fueling the robust expansion of the Mexican digital therapeutics market. The industry is expanding as a result of government initiatives, an increase in chronic illnesses, and greater public awareness of the advantages of digital treatments. To take advantage of the new potential in the digital medicines sector, major businesses are aggressively investing in the Mexican market.

Digital therapeutics have shown tremendous growth in the global industry, with revenue reaching $6.2 Bn in 2023. The noteworthy expansion witnessed in this industry is a reflection of the significant revolution resulting from the utilization of cutting-edge technology and economical production techniques. As a result, the role of digital therapeutics in the healthcare system is growing. The market's current trajectory indicates that further changes may be possible, and it is expected that ongoing advancements will facilitate the industry's further growth.

Omada has established significant partnerships with prominent Mexican healthcare providers, such as clinics, hospitals, and pharmaceutical firms. This makes a sizable patient population available to them and promotes program acceptance. The main initiatives of Omada deal with chronic illnesses including diabetes, obesity, and hypertension that are common in Mexico. Their culturally sensitive programs address the unique requirements and inclinations of the Mexican populace.

Mexico digital therapeutics market

Market Dynamics

Market Growth Drivers:

Growing Prevalence of Chronic Illnesses: Increased prevalence of long-term illnesses like diabetes, heart disease, and obesity are driving the market. These options may provide practical and efficient means of managing and treating chronic illnesses.

Telehealth Service Growth: Digital therapeutics benefits from Mexico's telehealth service growth. Digital solutions that support virtual healthcare delivery are becoming increasingly necessary as more healthcare services are delivered online.

Increasing Awareness and Patient Engagement: There is a greater demand for these solutions as patients and healthcare professionals become aware of the advantages of digital treatments. Digital therapy applications that are easy to use enhance patient involvement and adherence to treatment strategies.

Market Restraints:

Healthcare Infrastructure: The widespread adoption of digital treatments may be hampered by inadequate healthcare infrastructure and restricted access to technology in some areas.

Data Security and Privacy Issues: Privacy and security problems are raised by the collecting and use of personal health data in digital treatments. Gaining trust and receiving regulatory permission will depend on addressing these issues and making sure that strong data protection procedures are in place.

Integration with Current Systems: It could be difficult to incorporate digital therapeutics into workflows, electronic health records (EHRs), and current healthcare systems. Adoption might be slowed down by compatibility problems and opposition to change in existing healthcare procedures.

Healthcare Policies and Regulatory Landscape

The Mexican Secretariat of Health, or Secretaría de Salud, is the organization in charge of overseeing legislation concerning medical devices and medicines as well as other aspects of health services, including national health policy. The Sanitary Authorization Commission (CAS), which is in charge of the sanitary registration of drugs in Mexico, works with the Comisión Federal para la Protección contra Riesgos Sanitarios (COFEPRIS) to oversee the procedure. The Center for Integrated Services (Centro Integral de Servicios, CIS) is the intermediary for requests and technical meetings for the COFEPRIS New Molecule Committee. The Mexican government strictly regulates pharmaceutical costs and prioritizes universal access to healthcare. For novel and costly medications, this can be a significant barrier that makes it difficult for businesses to regain their initial investment.

Competitive Landscape             

Key Players:

  • Omada Health Inc.
  • 2Morrow Inc.
  • Livongo Health Inc.
  • WellDoc
  • Propeller Health
  • Canary Health
  • Noom Inc.
  • Akili Interactive Labs Inc.
  • HYGIEIA

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy 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 Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Mexico Digital Therapeutics Market Segmentation

By Solution

  • Software
  • Services

By Deployment

  • Cloud-based
  • On-premises

By Application

  • Therapy
  • Diabetes
  • Obesity
  • CNS
  • Respiratory
  • CVD

By End-use

  • Diagnostic Centres
  • Healthcare Players
  • Healthcare Research Centres
  • Hospitals & Clinics
  • Nursing Care Centres
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Stage III: Interpretation and Presentation

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  • Market Segment based analysis to obtain revenue/volume
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Last updated on: 15 February 2024
Updated by: Vidhi Upadhyay

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