Mexico Cochlear Implant Market Size & Outlook, 2023-2030
Mexico cochlear implant market, 2018-2030 (US$M)
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Mexico cochlear implant market highlights
- The Mexico cochlear implant market generated a revenue of USD 13.6 million in 2023 and is expected to reach USD 27.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.5% 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.
Cochlear implant market data book summary
| Market revenue in 2023 | USD 13.6 million |
| Market revenue in 2030 | USD 27.3 million |
| Growth rate | 10.5% (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 | Cochlear Ltd, Sonova Holding AG, Demant A/S, Amplifon SpA Az nom Post Frazionamento, MED-EL, Zhejiang Pushkang Biotechnology Co. |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.8% of the global cochlear implant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cochlear implant 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 27.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico cochlear implant 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 cochlear implant market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 88.24% in 2023. Horizon Databook has segmented the Mexico cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
A rise in disposable income, rapid technological advancements, and an increase in the number of people suffering from mild-to-moderate hearing loss are positively influencing the market growth. However, the market penetration of hearing devices is low in this region.
The rapidly aging population and increasing incidence of age-related hearing loss are expected to drive the market in Mexico. According to the U.S. Census Bureau, in 2023, the population of Mexico was 129.9 million, and the projected population estimate for 2060 is 155.4 million.
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Target buyers of Mexico cochlear implant market databook
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Mexico Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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