Mexico Cardiac Rhythm Management Devices Market Size & Outlook
Mexico cardiac rhythm management devices market, 2018-2030 (US$M)
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Mexico cardiac rhythm management devices market highlights
- The Mexico cardiac rhythm management devices market generated a revenue of USD 313.1 million in 2024 and is expected to reach USD 473.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.1% from 2025 to 2030.
- In terms of segment, cardiac resynchronization therapy (crt) was the largest revenue generating product in 2024.
- Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac rhythm management devices market data book summary
| Market revenue in 2024 | USD 313.1 million |
| Market revenue in 2030 | USD 473.2 million |
| Growth rate | 7.1% (CAGR from 2024 to 2030) |
| Largest segment | Cardiac resynchronization therapy (crt) |
| Fastest growing segment | Defibrillators |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT) |
| Key market players worldwide | Stryker Corp, BIOTRONIK, SCHILLER, Medtronic PLC, Abbott Laboratories, Koninklijke Philips NV, ZOLL Medical Corporation, Boston Scientific Corp, LivaNova PLC, Progetti Medical |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global cardiac rhythm management devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cardiac rhythm management devices 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 473.2 million by 2030.
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Cardiac Rhythm Management Devices Market Scope
Cardiac Rhythm Management Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico cardiac rhythm management devices 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 rhythm management devices market will help companies and investors design strategic landscapes.
Cardiac resynchronization therapy (crt) was the largest segment with a revenue share of 43.24% in 2024. Horizon Databook has segmented the Mexico cardiac rhythm management devices market based on pacemakers, defibrillators, cardiac resynchronization therapy (crt) covering the revenue growth of each sub-segment from 2018 to 2030.
The cardiac rhythm management devices market in Mexico is expected to grow significantly due to the increasing prevalence of cardiovascular diseases, coupled with government initiatives to provide better healthcare facilities. The market is also expected to be driven by the growing adoption of advanced technologies such as ICDs, pacemakers, and CRT devices.
However, penetration of medical devices in Mexico is low due to the language barrier and low investment in healthcare. Mexico’s healthcare system is dominated by private players, and healthcare delivery through private entities operates entirely as a free market.
For new entrants in the Mexican market, the Ministry of Health provides limited information about medical devices and IVDs in English. All the documentation must also be prepared in Spanish. According to a study by the National Institute of Statistics and Geography, SCA is the leading cause of death in Mexico in people above 65 years.
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Our clientele includes a mix of cardiac rhythm management devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cardiac rhythm management devices market, including forecasts for subscribers. This country databook contains high-level insights into Mexico cardiac rhythm management devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cardiac rhythm management devices market
Mexico Cardiac Rhythm Management Devices Market Share, 2024 & 2030 (US$M)
Mexico cardiac rhythm management devices market
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