Mexico Enteral Feeding Devices Market Size & Outlook
Mexico enteral feeding devices market, 2018-2030 (US$M)
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Mexico enteral feeding devices market highlights
- The Mexico enteral feeding devices market generated a revenue of USD 79.2 million in 2023 and is expected to reach USD 110.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, enteral feeding pump was the largest revenue generating product in 2023.
- Low Profile Gastrostomy Device is the most lucrative product segment registering the fastest growth during the forecast period.
Enteral feeding devices market data book summary
| Market revenue in 2023 | USD 79.2 million |
| Market revenue in 2030 | USD 110.1 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Enteral feeding pump |
| Fastest growing segment | Low Profile Gastrostomy Device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Giving Set, Enteral Feeding Pump, Percutaneous Endoscopic Gastrostomy Device, Low Profile Gastrostomy Device, Nasogastric Tube, Gastrostomy Tube |
| Key market players worldwide | Conmed Corp, BD, Cook Medical, Boston Scientific Corp, Moog Inc A, Fresenius Kabi, Danone SA, Kimberly-Clark Corp, Abbott Laboratories, B. Braun, Cardinal Health Inc, Avanos Medical Inc, Vygon, Amsino International, Applied Medical Technology Inc., Fidmi Medical, Alcor Scientific |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.9% of the global enteral feeding 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 enteral feeding devices 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 54.1 million by 2030.
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Enteral Feeding Devices Market Scope
Enteral Feeding Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico enteral feeding 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 enteral feeding devices market will help companies and investors design strategic landscapes.
Enteral feeding pump was the largest segment with a revenue share of 45.08% in 2023. Horizon Databook has segmented the Mexico enteral feeding devices market based on giving set, enteral feeding pump, percutaneous endoscopic gastrostomy device, low profile gastrostomy device, nasogastric tube, gastrostomy tube covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second-largest economy in Latin America. It spends a considerable proportion of its GDP on healthcare and is working toward improving its healthcare policies, infrastructure, and regulatory framework. Moreover, growing demand for nutritional supplements by long-term care patients and patients availing home healthcare services is expected to drive the market in the coming years.
Increasing prevalence of chronic disorders such as gastrointestinal disorders, cancer, and neurological disorders is one of the key factors likely to propel the market growth over the forecast period. For instance, according to industry reports, 5.73 million gastrointestinal infection cases were reported in Mexico in 2018.
Furthermore, growing hunger due to a lack of food might lead to malnutrition in Mexico. For instance, according to Macrotrends, Mexico’s hunger statistics for 2020 was 6.10%. Hence, the rising incidence of chronic diseases and malnutrition in Mexico is likely to propel the growth of enteral feeding devices market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico enteral feeding devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico enteral feeding devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico enteral feeding devices market size, by product, 2018-2030 (US$M)
Mexico Enteral Feeding Devices Market Outlook Share, 2023 & 2030 (US$M)
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