Mexico Covid-19 Diagnostics Market Size & Outlook
Mexico covid-19 diagnostics market, 2020-2030 (US$M)
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Mexico covid-19 diagnostics market highlights
- The Mexico covid-19 diagnostics market generated a revenue of USD 70.3 million in 2023 and is expected to reach USD 16.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of -18.4% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 70.3 million |
| Market revenue in 2030 | USD 16.9 million |
| Growth rate | -18.4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.2% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina covid-19 diagnostics 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 16.9 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico covid-19 diagnostics 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 covid-19 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.57% in 2023. Horizon Databook has segmented the Mexico covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
Mexico is one of the countries accounting for the highest number of deaths during the pandemic. Despite the higher mortality in the country, the number of diagnostic tests and confirmed cases were lower than in other countries, which raised uncertainty about the pandemic’s scope.
A large portion of those infected with SARS-CoV-2 in Mexico City were healthcare personnel. According to World meter, its rate of testing was 54,933 per million people as of June 2021, which is a significant increase from 159 people per million in April 2020.
This showed the increase in COVID-19 testing undertaken in the country. This is expected to propel the demand for diagnostic test kits in Mexico. Furthermore, key market players in the region are working to launch and commercialize their products locally.
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Target buyers of Mexico covid-19 diagnostics market databook
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Our clientele includes a mix of covid-19 diagnostics 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 covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Mexico COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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