Mexico Cannula Market Size & Outlook, 2024-2030
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Mexico cannula market highlights
- The Mexico cannula market generated a revenue of USD 5.1 million in 2023 and is expected to reach USD 7.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, cardiac was the largest revenue generating product in 2023.
- Dermatology is the most lucrative product segment registering the fastest growth during the forecast period.
Cannula market data book summary
| Market revenue in 2023 | USD 5.1 million |
| Market revenue in 2030 | USD 7.9 million |
| Growth rate | 6.4% (CAGR from 2024 to 2030) |
| Largest segment | Cardiac |
| Fastest growing segment | Dermatology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiac, Dermatology, Nasal |
| Key market players worldwide | Medtronic PLC, Becton Dickinson & Co, Edwards Lifesciences Corp, LivaNova PLC, Smiths Group PLC, Boston Scientific Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.9% of the global cannula market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cannula market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 3.2 million by 2030.
Cardiac was the largest segment with a revenue share of 47.06% in 2023. Horizon Databook has segmented the Mexico cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in expenditure on improving healthcare infrastructure is anticipated to boost the market. Increase in life expectancy is leading to a rise in demand for medical devices. Presence of a large number of hospitals in the country is expected to fuel the market growth during the forecast period. As of 2013, Mexico had more than 4,466 hospitals, of these, 67.0% were private and remaining 33.0% were government. In addition, Mexico is one of the major hubs of export of medical devices to the U.S. and European countries, which provides lucrative opportunities to cannula market players.
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Cannula Market Scope
Cannula Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Edwards Lifesciences Corp | View profile | 19800 | One Edwards Way, Irvine, CA, United States, 92614 | https://www.edwards.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Becton Dickinson & Co | View profile | 73000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | https://www.bd.com |
Mexico cannula market size, by product, 2018-2030 (US$M)
Mexico Cannula Market Outlook Share, 2023 & 2030 (US$M)
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