Mexico Medical Imaging Market Size & Outlook, 2023-2030
Mexico medical imaging market, 2018-2030 (US$M)
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Mexico medical imaging market highlights
- The Mexico medical imaging market generated a revenue of USD 674.9 million in 2023 and is expected to reach USD 930.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating technology in 2023.
- Magnetic Resonance Imaging is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical imaging market data book summary
| Market revenue in 2023 | USD 674.9 million |
| Market revenue in 2030 | USD 930.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Magnetic Resonance Imaging |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging |
| Key market players worldwide | GE Aerospace, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, FUJIFILM Holdings Corp, Carestream Health - HCIS business, Hitachi Ltd, Samsung Electronics Co Ltd, Koning, PerkinElmer, Konica Minolta Inc, Esaote, Hologic Inc, Varex Imaging Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global medical imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical imaging 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 1,277.3 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico medical imaging 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 imaging market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 35.56% in 2023. Horizon Databook has segmented the Mexico medical imaging market based on x-ray, magnetic resonance imaging, ultrasound, computed tomography, nuclear imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico’s medical imaging market is anticipated to grow gradually over the forecast period. This can be attributed to the diverse population in Mexico, which is witnessing an epidemiological shift from diseases typical of less-developed regions to lifestyle-related chronic diseases.
Moreover, physicians in Mexico are extremely specialized, many of them having accomplished training in the U.S. or Europe. The healthcare system in Mexico is dominated by private players. In this country, healthcare delivery through private healthcare organizations operates entirely on the free market system.
Mexico has become a significant destination for affordable medical device manufacturing with skilled yet affordable manufacturing labor, proximity to major markets, and impressive infrastructure capabilities.
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Our clientele includes a mix of medical imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical imaging market size, by technology, 2018-2030 (US$M)
Mexico Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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