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Latin America Telemedicine Market is expected to Cross 11 million USD by 2025 | Key Players - Medtronic, Inc., McKesson Corp., AMD Global Telemedicine, GE Healthcare, Aerotel Medical Systems, Honeywell Lifesciences, CISCO Systems, Philips Healthcare, Card
Latin America Telemedicine Market Size and Growth Rate:Latin America Telemedicine Market was valued at USD 3.1 Million in 2018 and projected to reach USD 11.9 million by 2025 growing at a CAGR of 21.78% during the forecast period 2018 to 2025.
Drivers, Challenges and Opportunities:
The main factor responsible for the growth of the telemedicine market in Latin America is the evolution of the socio-economic factors that represent the highest proportion of the digital population, compared to other desirable policies and regions. Another main driver of the market is the high incidence of chronic diseases and the demand for self-management that is growing stronger. In addition, increased demand for Internet applications, virtual medicine and centralized healthcare is expected to reduce costs and is one of the key success factors for the growth of the telemedicine market in Latin America during the forecast period.
Browse details of 140 number of pages research report developed on Latin America Telemedicine Market Research Report @ https://www.researchcosmos.com/reports/latin-america-telemedicine-market/1131598491
However, some factors are holding back the growth of this industry such as the increased initial capital, inadequate examples of remote medical care, inappropriate compensation policies, and lack of skilled resources. But the technological improvements to improve health services are expected to create new growth opportunities for the telemedicine market in Latin America in the future.
Geographic Segmentation:
Based on geography, the Latin American market for telemedicine is segmented across the regions of Brazil, Mexico and the rest of Latin America. Brazil is expected to post a high growth rate due to the increase in population and the incidence of chronic diseases.
Ask Free Sample of the Report @ https://www.researchcosmos.com/request/latin-america-telemedicine-market/1131598491
Some of the Leading Companies Profiled in this Latin America Telemedicine Market are: Medtronic, Inc., McKesson Corp., AMD Global Telemedicine, GE Healthcare, Aerotel Medical Systems, Honeywell Lifesciences, CISCO Systems, Philips Healthcare, CardioComm, Cerner Corporation. Other companies in the Latin American market include 3M, Robert Bosch Healthcare, Polycom Corp., Hoffmann-La Roche Ltd., Snap®, InTouch Technologies, Inc., OBS Medical Ltd., Siemens Healthcare, Agfa Healthcare NV, Biotelemetry, Inc., and Allscripts Healthcare Solutions.
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