Mexico Biosensors Market Size & Outlook, 2022-2030
Mexico biosensors market, 2018-2030 (US$M)
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Mexico biosensors market highlights
- The Mexico biosensors market generated a revenue of USD 616.5 million in 2022 and is expected to reach USD 1,187.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.5% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Electrochemical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 616.5 million |
| Market revenue in 2030 | USD 1,187.3 million |
| Growth rate | 8.5% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Electrochemical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.3% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biosensors 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 1,459.4 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico biosensors 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 biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 70.02% in 2022. Horizon Databook has segmented the Mexico biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is anticipated to witness a significant growth rate of 8.6% over the forecast period. Mexico spends nearly 6.3% of its GDP on healthcare, with the private sector playing a vital role. This increases the focus on improving the quality of healthcare services offered in the country.
Geriatric population is more susceptible to diseases such as diabetes, arthritis, cancer, and Alzheimer’s disease. This is anticipated to increase the number of patients being hospitalized and boost the demand for different types of biosensors. In addition, high prevalence of diseases, such as malaria, dengue, and chikungunya, is expected to drive the biosensors market in Mexico.
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biosensors market size, by technology, 2018-2030 (US$M)
Mexico Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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