Mexico Biological Skin Substitutes Market Size & Outlook
Mexico biological skin substitutes market, 2018-2030 (US$M)
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Mexico biological skin substitutes market highlights
- The Mexico biological skin substitutes market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 7.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, human donor tissue-derived products was the largest revenue generating type in 2023.
- Human Donor Tissue-Derived Products is the most lucrative type segment registering the fastest growth during the forecast period.
Biological skin substitutes market data book summary
| Market revenue in 2023 | USD 4.4 million |
| Market revenue in 2030 | USD 7.3 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Human donor tissue-derived products |
| Fastest growing segment | Human Donor Tissue-Derived Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human Donor Tissue-Derived Products, Acellular Animal-derived Products |
| Key market players worldwide | 3M Co, Organogenesis Holdings Inc Class A, Integra Lifesciences Holdings Corp, Smith & Nephew PLC, MiMedx Group Inc, Essity AB Class B, Stryker Corp, Vericel Corp, Mallinckrodt PLC Ordinary Shares - New, Tissue Regenix |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global biological skin substitutes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biological skin substitutes market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 12.7 million by 2030.
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Biological Skin Substitutes Market Scope
Biological Skin Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico biological skin substitutes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biological skin substitutes market will help companies and investors design strategic landscapes.
Human donor tissue-derived products was the largest segment with a revenue share of 65.91% in 2023. Horizon Databook has segmented the Mexico biological skin substitutes market based on human donor tissue-derived products, acellular animal-derived products covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second-largest medical device market in Latin America and is also expected to showcase significant growth in the medical device outsourcing market during the forecast period. The low cost of manufacturing is expected to attract global medical device companies to this country, Presence of skilled personnel and funding from government organizations in Mexico is making it one of the profitable destinations for outsourcing medical device manufacturing services.
Furthermore, migration from all other Latin American countries has resulted in an increase in the workforce in Mexico. As a result, Mexico has a favorable workforce supply and demand ratio, thus, it has stable labor rates for medical device manufacturing.
Proximity to the U.S. is also expected to reduce the monitoring cost of medical device firms. This trend is expected to significantly contribute to the growth of the medical device outsourcing market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico biological skin substitutes market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biological skin substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biological skin substitutes market size, by type, 2018-2030 (US$M)
Mexico Biological Skin Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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