Mexico Drug Device Combination Products Market Size & Outlook
Mexico drug device combination products market, 2018-2030 (US$M)
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Mexico drug device combination products market highlights
- The Mexico drug device combination products market generated a revenue of USD 1,446.4 million in 2023 and is expected to reach USD 2,306.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, transdermal patches was the largest revenue generating product in 2023.
- Infusion Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Drug device combination products market data book summary
| Market revenue in 2023 | USD 1,446.4 million |
| Market revenue in 2030 | USD 2,306.6 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Transdermal patches |
| Fastest growing segment | Infusion Pumps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photodynamic Therapy Devices, Transdermal Patches, Wound Care Products, Infusion Pumps, Orthopedic Combination Products, Drug Eluting Stents, Inhalers, Antimicrobial Catheters |
| Key market players worldwide | Abbott Laboratories, Terumo Corp, Stryker Corp, Viatris Inc, Medtronic PLC, Boston Scientific Corp, Novartis AG ADR, Becton Dickinson & Co, Teleflex Inc, W L Gore & Associates |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global drug device combination products market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil drug device combination products 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 2,306.6 million by 2030.
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Drug Device Combination Products Market Scope
Drug Device Combination Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico drug device combination products 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 drug device combination products market will help companies and investors design strategic landscapes.
Transdermal patches was the largest segment with a revenue share of 23.17% in 2023. Horizon Databook has segmented the Mexico drug device combination products market based on photodynamic therapy devices, transdermal patches, wound care products, infusion pumps, orthopedic combination products, drug eluting stents, inhalers, antimicrobial catheters covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico was one of the major contributors to the Latin American market in 2023, owing to the local presence of key players, supportive government regulations, and investments by international market players. Mexico has become a major source of medical device manufacturing globally through its skilled, affordable manufacturing labor, closeness to major markets, and impressive infrastructure capabilities.
Mexico’s healthcare system is dominated by private players, and healthcare delivery through private entities operates entirely as a free market. As of 2021, Mexico had over 4,995 operating hospitals and is one of the major hubs for medical device export to the Americas and Europe. This provides a major opportunity for drug-device combination products market players looking to gain a competitive advantage. Brazilian Community Health Services provides funds for early detection and primary prevention of cancer.
This rise in the prevalence of chronic illnesses further increases the need for surgical interventions, boosting the demand for drug-device combination products that help effectively manage organ failure patients in these surgeries. For instance, according to a study published by the NCBI in October 2019, approximately 20% of the deaths in Mexico occurred due to cardiovascular disease.
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Target buyers of Mexico drug device combination products market databook
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Our clientele includes a mix of drug device combination products 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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico drug device combination products market , including forecasts for subscribers. This country databook contains high-level insights into Mexico drug device combination products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico drug device combination products market size, by product, 2018-2030 (US$M)
Mexico Drug Device Combination Products Market Outlook Share, 2023 & 2030 (US$M)
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