Mexico Cerumen Removal Market Size & Outlook, 2023-2030
Mexico cerumen removal market, 2018-2030 (US$M)
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Mexico cerumen removal market highlights
- The Mexico cerumen removal market generated a revenue of USD 39.5 million in 2023 and is expected to reach USD 66.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Cerumen removal market data book summary
| Market revenue in 2023 | USD 39.5 million |
| Market revenue in 2030 | USD 66.8 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HOSPITALS, OUTPATIENT FACILITIES |
| Key market players worldwide | Medline Industries, Henry Schein Inc, McKesson Corp, Cardinal Health Inc, Owens & Minor Inc, Cipla Ltd DR, GlaxoSmithKline, Open Text Corp, Eosera, Target |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global cerumen removal market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cerumen removal 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 66.8 million by 2030.
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Cerumen Removal Market Scope
Cerumen Removal Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico cerumen removal 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 cerumen removal market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 88.35% in 2023. Horizon Databook has segmented the Mexico cerumen removal market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is witnessing market growth owing to increasing number of private hospitals and clinics. As per OECD data, there were 4,629 hospitals in the country in 2018. In addition, the increasing prevalence of hearing impairment in the geriatric population and growing use of hearing aids have raised the prevalence of cerumen impaction.
Impacted cerumen is the most common cause of conductive hearing loss among children in Mexico. All these factors are anticipated to boost the country’s market over the forecast period. With increasing awareness about cerumen impaction, individuals are greatly preferring to undergo removal procedures at professional clinics.
The presence of ear care clinics and ENTs in the region is further propelling market growth. In addition, key players are focusing on development of innovative products, such as micro suction, to strengthen their presence in the market.
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Our clientele includes a mix of cerumen removal 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 cerumen removal market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cerumen removal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cerumen removal market size, by end use, 2018-2030 (US$M)
Mexico Cerumen Removal Market Outlook Share, 2023 & 2030 (US$M)
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