Mexico Ent Devices Market Size & Outlook, 2023-2030
Mexico ent devices market, 2018-2030 (US$M)
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Mexico ent devices market highlights
- The Mexico ent devices market generated a revenue of USD 305.4 million in 2023 and is expected to reach USD 465.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, diagnostic ent devices was the largest revenue generating product in 2023.
- Diagnostic ENT Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ent devices market data book summary
| Market revenue in 2023 | USD 305.4 million |
| Market revenue in 2030 | USD 465.3 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ent devices |
| Fastest growing segment | Diagnostic ENT Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic ENT Devices, Surgical ENT Devices, Hearing Aids, Hearing Implants, Nasal Splints |
| Key market players worldwide | Ambu A/S ADR, Cochlear Ltd, Demant A/S, GN Store Nord A/S, Olympus Corp, RION Co Ltd, Smith & Nephew PLC, Sonova Holding AG, Stryker Corp, Karl Storz, Pentax Medical, Richard Wolf, Starkey, Omnicom Group Inc, NICO, Nemera |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global ent 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 ent devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 722.4 million by 2030.
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ENT Devices Market Scope
ENT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico ent 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 ent devices market will help companies and investors design strategic landscapes.
Diagnostic ent devices was the largest segment with a revenue share of 55.86% in 2023. Horizon Databook has segmented the Mexico ent devices market based on diagnostic ent devices, surgical ent devices, hearing aids, hearing implants, nasal splints covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico was the major contributor in Latin America in 2019 due to the presence of local market players, supportive government regulations, and investments by international market players. For instance, according to Mexico’s new Health Accord in 2010, medical equipment approved in the U.S. or Canada can be approved on a fast-track basis in Mexico.
This helps decrease the approval and commercialization time of players, boosting the market growth in Mexico. However, the high cost of advanced ENT devices, including their maintenance costs, and low affordability of patients, are factors likely to restrain the market growth.
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Target buyers of Mexico ent devices market databook
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Our clientele includes a mix of ent devices market companies, investment firms, advisory firms & academic institutions.
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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 ent devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico ent devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico ent devices market size, by product, 2018-2030 (US$M)
Mexico ENT Devices Market Outlook Share, 2023 & 2030 (US$M)
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