Mexico Burn Ointment Market Size & Outlook, 2020-2027
Mexico burn ointment market, 2016-2027 (US$M)
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Mexico burn ointment market highlights
- The Mexico burn ointment market generated a revenue of USD 27.8 million in 2020 and is expected to reach USD 44.3 million by 2027.
- The Mexico market is expected to grow at a CAGR of 6.9% from 2021 to 2027.
- In terms of segment, topical antibiotics was the largest revenue generating product in 2020.
- Silver is the most lucrative product segment registering the fastest growth during the forecast period.
Burn ointment market data book summary
| Market revenue in 2020 | USD 27.8 million |
| Market revenue in 2027 | USD 44.3 million |
| Growth rate | 6.9% (CAGR from 2020 to 2027) |
| Largest segment | Topical antibiotics |
| Fastest growing segment | Silver |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Topical Antibiotics, Silver, Iodine |
| Key market players worldwide | Johnson & Johnson, Sun Pharmaceutical Industries, Smith & Nephew PLC, ConvaTec Group PLC, Dr. Morepen Limited |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.2% of the global burn ointment market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil burn ointment market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 44.3 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico burn ointment 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 burn ointment market will help companies and investors design strategic landscapes.
Topical antibiotics was the largest segment with a revenue share of 34.17% in 2020. Horizon Databook has segmented the Mexico burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
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 burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into Mexico burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico burn ointment market size, by product, 2016-2027 (US$M)
Mexico Burn Ointment Market Share, 2020 & 2027 (US$M)
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