Mexico Guidewires Market Size & Outlook, 2023-2030
Mexico guidewires market, 2018-2030 (US$M)
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Mexico guidewires market highlights
- The Mexico guidewires market generated a revenue of USD 54.7 million in 2023 and is expected to reach USD 83.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Neurovascular guidewires is the most lucrative product segment registering the fastest growth during the forecast period.
Guidewires market data book summary
| Market revenue in 2023 | USD 54.7 million |
| Market revenue in 2030 | USD 83.4 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, COOK, B. Braun, Terumo Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, BD |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.1% of the global guidewires market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil guidewires 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 83.4 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico guidewires 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 guidewires market will help companies and investors design strategic landscapes.
Coronary guidewires was the largest segment with a revenue share of 44.06% in 2023. Horizon Databook has segmented the Mexico guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
According to OECD, in 2014, obesity rate in Mexico increased to 32.4%. Rising incidence of obesity, coupled with growing prevalence of cardiovascular diseases, is driving the need for minimally invasive interventional techniques involving the use of guidewires.
For instance, according to the IHME, in 2017, ischemic heart diseases and diabetes were the second and fourth leading causes of death, respectively, in Mexico. Growth in the market for medical devices, along with rise in medical tourism, is driving market growth in the country. The regulatory scenario pertaining to import of medical devices in Mexico is well defined.
A foreign manufacturer is required to appoint a local representative for guidance pertaining to the process of entering the market. The Mexican Secretariat of Health regulates the scientific information defining features of a device, operational manual stating instructions, test results ascertaining product specifications, and safety certifications.
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Our clientele includes a mix of guidewires 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 guidewires market , including forecasts for subscribers. This country databook contains high-level insights into Mexico guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico guidewires market size, by product, 2018-2030 (US$M)
Mexico Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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