Mexico Glaucoma Surgery Devices Market Size & Outlook
Mexico glaucoma surgery devices market, 2018-2030 (US$M)
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Mexico glaucoma surgery devices market highlights
- The Mexico glaucoma surgery devices market generated a revenue of USD 34.3 million in 2023 and is expected to reach USD 45.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Diamond knives is the most lucrative product segment registering the fastest growth during the forecast period.
Glaucoma surgery devices market data book summary
| Market revenue in 2023 | USD 34.3 million |
| Market revenue in 2030 | USD 45.6 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Diamond knives |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Punches, USC maker, USC planner, USC shaver, Forceps, Algerbrush, Probes, Diamond knives, Glaucoma drainage device, Laser system |
| Key market players worldwide | Alcon Inc, Glaukos Corp, Johnson & Johnson, AbbVie Inc, Carl Zeiss Meditec AG, Lumenis, Ziemer Ophthalmic Systems, IRIDEX Corp, Corza Health, Katalyst Surgical, Altomed |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.1% of the global glaucoma surgery 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 glaucoma surgery 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 86.2 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.7% in 2023. Horizon Databook has segmented the Mexico glaucoma surgery devices market based on punches, usc maker, usc planner, usc shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device, laser system covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second largest developing economy in Latin America after Brazil. High healthcare spending by public and private sectors has increased the demand for advanced healthcare services. Thus, adoption of innovative products is high in Mexico.
Moreover, rising geriatric population in the country is anticipated to drive the market. For instance, as per World Bank, in Mexico, 10,203,218 individuals are aged 65 years or above. The geriatric population is likely to suffer from various diseases, such as diabetes, cardiac conditions, and epilepsy, owing to which market growth is anticipated over the forecast period.
Mexico has become a significant destination for affordable medical device manufacturing with skilled yet-affordable manufacturing labor, proximity to major markets, and advanced infrastructure capabilities. The presence of major market players in the country represents lucrative growth opportunities.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Mexico Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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