Mexico Dermatology Devices Market Size & Outlook
Mexico dermatology devices market, 2018-2030 (US$M)
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Mexico dermatology devices market highlights
- The Mexico dermatology devices market generated a revenue of USD 276.9 million in 2023 and is expected to reach USD 575.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, treatment devices was the largest revenue generating product in 2023.
- Treatment devices is the most lucrative product segment registering the fastest growth during the forecast period.
Dermatology devices market data book summary
| Market revenue in 2023 | USD 276.9 million |
| Market revenue in 2030 | USD 575.3 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Treatment devices |
| Fastest growing segment | Treatment devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic devices, Treatment devices |
| Key market players worldwide | Fosun International Ltd, Bausch Health Companies Inc, Cutera Inc, Ambicare Health |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global dermatology devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil dermatology 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 575.3 million by 2030.
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Dermatology Devices Market Scope
Dermatology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico dermatology 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 dermatology devices market will help companies and investors design strategic landscapes.
Treatment devices was the largest segment with a revenue share of 80.21% in 2023. Horizon Databook has segmented the Mexico dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is also a country with lucrative opportunities for medical tourism. The cost of medical treatments performed in this country allows 25% to 75% savings in comparison to those performed in the U.S. Its proximity to the U.S. and the comparatively lower travel costs have been drawing Canadians and Americans to Mexico for various cosmetic treatments as well as skin cancer treatment.
According to ISAPS, Mexico constituted around 10% of foreign patients conducting cosmetics procedures. ISAPS also estimated that nearly 619,804 nonsurgical skin tightening procedures had been performed in the country in 2019.
In addition, around 51,528 hair removal procedures were undertaken in the country in 2019. Hence, favorable health tourism and growing number of cosmetic procedures performed in Latin America is anticipated to boost the growth of dermatology devices market.
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Target buyers of Mexico dermatology devices market databook
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Our clientele includes a mix of dermatology 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 dermatology devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico dermatology devices market size, by product, 2018-2030 (US$M)
Mexico Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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