Mexico Cardiac Resynchronization Therapy Market Size & Outlook
Mexico cardiac resynchronization therapy market, 2018-2030 (US$M)
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Mexico cardiac resynchronization therapy market highlights
- The Mexico cardiac resynchronization therapy market generated a revenue of USD 48.6 million in 2023 and is expected to reach USD 70.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, crt-defibrillator was the largest revenue generating product in 2023.
- CRT-Pacemaker is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac resynchronization therapy market data book summary
| Market revenue in 2023 | USD 48.6 million |
| Market revenue in 2030 | USD 70.6 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Crt-defibrillator |
| Fastest growing segment | CRT-Pacemaker |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CRT-Defibrillator, CRT-Pacemaker |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Boston Scientific Corp, BIOTRONIK, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global cardiac resynchronization therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cardiac resynchronization therapy market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 70.6 million by 2030.
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Cardiac Resynchronization Therapy Market Scope
Cardiac Resynchronization Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico cardiac resynchronization therapy 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 cardiac resynchronization therapy market will help companies and investors design strategic landscapes.
Crt-defibrillator was the largest segment with a revenue share of 57.41% in 2023. Horizon Databook has segmented the Mexico cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
Penetration of medical devices in Mexico is low due to the language barrier and low investment in healthcare. For new entrants in the Mexican market, the Ministry of Health provides very limited information about medical devices and intravenous devices in English, and all the documentation also needs to be prepared in Spanish.
According to a study conducted by the National Institute of Statistics and Geography, the leading cause of deaths in people above 65 years in the country is Sudden Cardiac Arrest (SCA). The availability of cardiovascular devices in Mexico is low, thus it may be a potential market for companies planning to increase their geographical footprints.
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Our clientele includes a mix of cardiac resynchronization therapy 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 cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Mexico Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
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