Mexico Implantable Cardioverter Defibrillators Market Size & Outlook
Mexico implantable cardioverter defibrillators market, 2018-2030 (US$M)
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Mexico implantable cardioverter defibrillators market highlights
- The Mexico implantable cardioverter defibrillators market generated a revenue of USD 58.8 million in 2023 and is expected to reach USD 87.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, transvenous implantable cardioverter-defibrillators was the largest revenue generating product in 2023.
- Subcutaneous Implantable Cardioverter Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Implantable cardioverter defibrillators market data book summary
| Market revenue in 2023 | USD 58.8 million |
| Market revenue in 2030 | USD 87.4 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Transvenous implantable cardioverter-defibrillators |
| Fastest growing segment | Subcutaneous Implantable Cardioverter Defibrillators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transvenous Implantable Cardioverter-Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corp, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global implantable cardioverter defibrillators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil implantable cardioverter defibrillators 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 87.4 million by 2030.
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Implantable Cardioverter Defibrillators Market Scope
Implantable Cardioverter Defibrillators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico implantable cardioverter defibrillators 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 implantable cardioverter defibrillators market will help companies and investors design strategic landscapes.
Transvenous implantable cardioverter-defibrillators was the largest segment with a revenue share of 89.63% in 2023. Horizon Databook has segmented the Mexico implantable cardioverter defibrillators market based on transvenous implantable cardioverter-defibrillators, subcutaneous implantable cardioverter defibrillators covering the revenue growth of each sub-segment from 2018 to 2030.
As per the American College of Cardiology Foundation, CVD poses a significant threat in Mexico, leading to the loss of 1 life every 2 minutes. In 2021, the Mexican government confirmed an alarming number of approximately 226,000 deaths caused by CVDs, surpassing the number of deaths caused by COVID-19.
This data highlights CVDs immense burden in Mexico and emphasizes the need for reliable diagnosis & treatment options. Hence, devices such as ICDs are crucial in providing effective interventions and potentially saving lives. The demand for ICDs is expected to rise in Mexico as the healthcare system strives to address the growing prevalence of CVDs and improve patient outcomes.
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Our clientele includes a mix of implantable cardioverter defibrillators market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico implantable cardioverter defibrillators market , including forecasts for subscribers. This country databook contains high-level insights into Mexico implantable cardioverter defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico implantable cardioverter defibrillators market size, by product, 2018-2030 (US$M)
Mexico Implantable Cardioverter Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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