Mexico Health Sensors Market Size & Outlook, 2021-2030
Mexico health sensors market, 2018-2030 (US$M)
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Mexico health sensors market highlights
- The Mexico health sensors market generated a revenue of USD 541.5 million in 2021 and is expected to reach USD 1,987.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 15.5% from 2022 to 2030.
- In terms of segment, wearable sensors was the largest revenue generating product in 2021.
- Implantable/ingestible sensors is the most lucrative product segment registering the fastest growth during the forecast period.
Health sensors market data book summary
| Market revenue in 2021 | USD 541.5 million |
| Market revenue in 2030 | USD 1,987.1 million |
| Growth rate | 15.5% (CAGR from 2021 to 2030) |
| Largest segment | Wearable sensors |
| Fastest growing segment | Implantable/ingestible sensors |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand held diagnostic sensors, Wearable sensors, Implantable/ingestible sensors |
| Key market players worldwide | Analog Devices Inc, Danaher Corp, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Medtronic PLC, Smiths Group PLC, Koninklijke Philips NV, Stryker Corp, Abbott Laboratories, Roche Holding AG ADR, Hologic Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.3% of the global health sensors market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil health sensors 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 1,423.0 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico health sensors 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 health sensors market will help companies and investors design strategic landscapes.
Wearable sensors was the largest segment with a revenue share of 40.94% in 2021. Horizon Databook has segmented the Mexico health sensors market based on hand held diagnostic sensors, wearable sensors, implantable/ingestible sensors covering the revenue growth of each sub-segment from 2018 to 2030.
According to a poll conducted for The Workforce Institute by human resources software and services company Kronos, Mexico ranked among countries that exhibit high consumer adoption of Health Sensors. The market for smartwatches, fitness bands, and activity tracking is currently well-established, but is affected due to change in technology and data security issues.
Mexico has modest healthcare spending. According to WHO, healthcare spending per capita in Mexico was USD 519.6 in 2018. Furthermore, the population of Mexico was 128,932,753 in 2020, accounting for 1.06% increase from 2019.
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Our clientele includes a mix of health sensors 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 health sensors market , including forecasts for subscribers. This country databook contains high-level insights into Mexico health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico health sensors market size, by product, 2018-2030 (US$M)
Mexico Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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