Mexico Laboratory Equipment Market Size & Outlook
Mexico laboratory equipment market, 2018-2030 (US$M)
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Mexico laboratory equipment market highlights
- The Mexico laboratory equipment market generated a revenue of USD 288.9 million in 2023 and is expected to reach USD 423.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Clinical is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 288.9 million |
| Market revenue in 2030 | USD 423.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Clinical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil laboratory equipment 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 292.3 million by 2030.
General was the largest segment with a revenue share of 27.14% in 2023. Horizon Databook has segmented the Mexico laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Through its skilled-yet-affordable manufacturing labor, its closeness to major markets, and its impressive infrastructure capabilities, Mexico has become a major source of reasonable medical device manufacturing across the globe.
The local presence of major market players, including Medtronic, 3M, and Stryker represents lucrative growth opportunities in Mexico. Mexico also has 26 major research institutes that focus on various fields of innovation & technology. Hence, this increasing R&D initiative in the country is anticipated to support market growth.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico laboratory equipment market size, by product, 2018-2030 (US$M)
Mexico Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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