Market revenue in 2023 | USD 69.2 million |
Market revenue in 2030 | USD 111.9 million |
Growth rate | 7.1% (CAGR from 2023 to 2030) |
Largest segment | Commodes |
Fastest growing segment | Bath Lifts |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Shower Chairs and Stools, Bath Lifts, Toilet Seat Raiser, Commodes, Handgrips and Grab Bars, Bath Aids |
Key market players worldwide | Getinge AB ADR, Carex Health Brands, Prism Medical, Sunrise Medical, Savaria Corp, Bischoff & Bischoff, Invacare, Etac AB, Graham - Field Health Products |
Commodes was the largest segment with a revenue share of 18.79% in 2023. Horizon Databook has segmented the Mexico bathroom and toilet assist devices market based on shower chairs and stools, bath lifts, toilet seat raiser, commodes, handgrips and grab bars, bath aids covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico accounted for 19.5% of the Latin America bathroom and toilet assist devices market in 2023. The growing geriatric population in the country is driving the market growth. The rising number of people with disabilities countrywide is also boosting the demand. For instance, over 7.5% population of Mexico suffers from disability.
Moreover, rising cases of accidental injuries are contributing to the market growth in the country. For instance, over 17,000 people are killed in Mexico in road accidents annually. According to the American College of Cardiology Foundation, CVDs represent a substantial threat to Mexico, resulting in the loss of one life every 2 minutes.
In 2021, the Mexican government reported a staggering 226,000 deaths attributed to CVDs, surpassing the number of deaths caused by COVID-19. Thus, the rise in the prevalence of chronic diseases drives the market growth.
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