Mexico Endoscopes Market Size & Outlook, 2023-2030
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Mexico endoscopes market highlights
- The Mexico endoscopes market generated a revenue of USD 177.8 million in 2023 and is expected to reach USD 348.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, flexible endoscopes market was the largest revenue generating product in 2023.
- Disposable Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
Endoscopes market data book summary
| Market revenue in 2023 | USD 177.8 million |
| Market revenue in 2030 | USD 348.1 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Flexible endoscopes market |
| Fastest growing segment | Disposable Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Endoscopes Market, Robot Assisted Endoscope Market, Disposable Endoscopes, Capsule Endoscopes Market, Flexible Endoscopes Market |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global endoscopes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico endoscopes market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 72.5 million by 2030.
Flexible endoscopes market was the largest segment with a revenue share of 46.18% in 2023. Horizon Databook has segmented the Mexico endoscopes market based on rigid endoscopes market, robot assisted endoscope market, disposable endoscopes, capsule endoscopes market, flexible endoscopes market covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is one of the fastest growing economies in Latin America. According to World Bank data in 2020, Mexico’s population aged 65 years and above was at 9.8 million and is expected to reach 40 million by 2050. As the elder population is prone to multiple chronic ailments, the demand for endoscopic procedures is predicted to increase.
The rising disposable income, rapid technological advancements in endoscopes, growing demand for minimally invasive surgeries, and implementation of pivotal screening programs for effective cancer diagnosis are key factors promoting market growth.
Moreover, gynecology endoscopy is gaining popularity due to the increasing number of gynecological surgeries, such as hernias and hysterectomies, owing to the growing demand for noninvasive endoscopy procedures.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hoya Corp ADR | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| Karl Storz | View profile | 1001-5000 | Tuttlingen, Baden-Wurttemberg, Germany, Europe | https://www.karlstorz.com/ |
| Ambu A/S ADR | View profile | 4750 | Baltorpbakken 13, Ballerup, Denmark, DK-2750 | http://www.ambu.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Steris PLC | View profile | 17100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | https://www.steris-ir.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Mexico endoscopes market size, by product, 2018-2030 (US$M)
Mexico Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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