Mexico Medical Fiber Optics Market Size & Outlook
Mexico medical fiber optics market, 2016-2030 (US$M)
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Mexico medical fiber optics market highlights
- The Mexico medical fiber optics market generated a revenue of USD 102.6 million in 2022 and is expected to reach USD 205.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.1% from 2023 to 2030.
- In terms of segment, multimode optical fiber was the largest revenue generating type in 2022.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
Medical fiber optics market data book summary
| Market revenue in 2022 | USD 102.6 million |
| Market revenue in 2030 | USD 205.3 million |
| Growth rate | 9.1% (CAGR from 2022 to 2030) |
| Largest segment | Multimode optical fiber |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Mode Optical Fiber, Multimode Optical Fiber, Plastic Optical Fiber (POF), Fiber Bundles |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Coherent Corp, Leoni AG ADR, MKS Instruments Inc, Schott Pharma AG & CO KGaA, Hirose Electric Co Ltd, Georg Fischer AG, Smiths Group PLC, Molex |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.2% of the global medical fiber optics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical fiber optics 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 276.8 million by 2030.
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Medical Fiber Optics Market Scope
Medical Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico medical fiber optics 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 medical fiber optics market will help companies and investors design strategic landscapes.
Multimode optical fiber was the largest segment with a revenue share of 44.15% in 2022. Horizon Databook has segmented the Mexico medical fiber optics market based on single mode optical fiber, multimode optical fiber, plastic optical fiber (pof), fiber bundles covering the revenue growth of each sub-segment from 2016 to 2030.
Mexico medical fiber optics market is anticipated to grow at a lucrative rate of 8.1% over the forecast period. Key factors anticipated to drive the market include replacement of alternatives with fiber optic cables and increasing manufacturing & exports of medical devices.
In 2016, there were around 2,493 companies of all sizes in Mexico, of which, 641 reported exports in 2016. Thus, Mexico was ranked the 8th largest exporter of medical devices worldwide and 1st in Latin America.
Local presence of key players is anticipated to drive the market over the forecast period. Medical device manufacturers, such as Medtronic, Johnson & Johnson, GE Healthcare, ResMed, and Welch Allyn, have established manufacturing units in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical fiber optics market size, by type, 2016-2030 (US$M)
Mexico Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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