Mexico Drug Testing Market Size & Outlook, 2024-2030
Mexico drug testing market, 2018-2030 (US$M)
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Mexico drug testing market highlights
- The Mexico drug testing market generated a revenue of USD 105.8 million in 2023 and is expected to reach USD 142.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Rapid Testing Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Drug testing market data book summary
| Market revenue in 2023 | USD 105.8 million |
| Market revenue in 2030 | USD 142.0 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Rapid Testing Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global drug testing 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 testing 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 142.0 million by 2030.
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Drug Testing Market Scope
Drug Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico drug testing 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 testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 36.11% in 2024. Horizon Databook has segmented the Mexico drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Mexico, the regulation of drug testing falls under the jurisdiction of the Federal Commission for the Protection against Sanitary Risks (COFEPRIS) and the Ministry of Health. COFEPRIS requires that all pharmaceutical products, medical devices, and other health-related products undergo testing before they can be approved for use in the country.
The testing is required to follow international standards, including those set by the Organization for Economic Cooperation and Development (OECD) and the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use.
In Mexico, several private and public institutions offer drug testing services, including CROs and academic institutions. The market is becoming increasingly competitive, with both domestic and international companies seeking to expand their operations in the country.
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Our clientele includes a mix of drug testing 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 drug testing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico drug testing market
Mexico Drug Testing Market Outlook Share, 2024 & 2030 (US$M)
Mexico drug testing market
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