Mexico Continuous Glucose Monitoring Devices Market Size & Outlook
Mexico continuous glucose monitoring devices market, 2018-2030 (US$M)
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Mexico continuous glucose monitoring devices market highlights
- The Mexico continuous glucose monitoring devices market generated a revenue of USD 66.3 million in 2022 and is expected to reach USD 110.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, transmitter & receiver was the largest revenue generating product in 2022.
- Insulin Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Continuous glucose monitoring devices market data book summary
| Market revenue in 2022 | USD 66.3 million |
| Market revenue in 2030 | USD 110.6 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Transmitter & receiver |
| Fastest growing segment | Insulin Pumps |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Transmitter & Receiver, Insulin Pumps |
| Key market players worldwide | DexCom Inc, Abbott Laboratories, Medtronic PLC, Ypsomed Holding AG, Senseonics Holdings Inc, A.Menarini Diagnostics, Signos |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global continuous glucose monitoring devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil continuous glucose monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 167.9 million by 2030.
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Continuous Glucose Monitoring Devices Market Scope
Continuous Glucose Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico continuous glucose monitoring 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 continuous glucose monitoring devices market will help companies and investors design strategic landscapes.
Transmitter & receiver was the largest segment with a revenue share of 36.65% in 2022. Horizon Databook has segmented the Mexico continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
The IDF Diabetes Atlas 2021 reported that the prevalence of diabetes in Mexico has reached 16.9%, which means one in six adults is affected. In the past 2 years, the number of adults living with diabetes has increased by 10% to an estimated 14 million.
Furthermore, 11 million adults in Mexico have IGT, which poses a high risk of developing type 2 diabetes. The country's health expenditure related to diabetes has reached USD 20 billion, which puts it among the top 10 countries or territories with the highest total health expenditure.
It is worth mentioning that less than half (47.5%) of people with diabetes in the country have been diagnosed. If diabetes goes undetected or is not treated properly, it can lead to serious and life-threatening complications, including heart attack, stroke, kidney failure, blindness, & lower limb amputation.
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Our clientele includes a mix of continuous glucose monitoring devices 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 continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
Mexico Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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