Mexico Medical Pendant Market Size & Outlook, 2019-2027
Mexico medical pendant market, 2015-2027 (US$M)
Related Markets
Mexico medical pendant market highlights
- The Mexico medical pendant market generated a revenue of USD 8.0 million in 2019 and is expected to reach USD 13.1 million by 2027.
- The Mexico market is expected to grow at a CAGR of 6.3% from 2020 to 2027.
- In terms of segment, fixed was the largest revenue generating product in 2019.
- Double and Multi-arm Movable is the most lucrative product segment registering the fastest growth during the forecast period.
Medical pendant market data book summary
| Market revenue in 2019 | USD 8.0 million |
| Market revenue in 2027 | USD 13.1 million |
| Growth rate | 6.3% (CAGR from 2019 to 2027) |
| Largest segment | Fixed |
| Fastest growing segment | Double and Multi-arm Movable |
| Historical data | 2015 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed, Fixed Retractable, Single Arm Movable, Double and Multi-arm Movable, Accessories |
| Key market players worldwide | Starkstrom Group, Brandon Medical, Skytron, Surgiris, BeaconMedaes, Tedisel Medical, Ondal Medical Systems, Megasan Medikal |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global medical pendant market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil medical pendant market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 21.0 million by 2027.
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Medical Pendant Market Scope
Medical Pendant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico medical pendant 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 pendant market will help companies and investors design strategic landscapes.
Fixed was the largest segment with a revenue share of 30% in 2019. Horizon Databook has segmented the Mexico medical pendant market based on fixed, fixed retractable, single arm movable, double and multi-arm movable, accessories covering the revenue growth of each sub-segment from 2015 to 2027.
Increasing expenditure to improve healthcare infrastructure is expected to drive market growth in Mexico during the forecast period. In addition, there is a significant growth opportunity for companies offering innovative devices in the country.
Presence of a large number of hospitals in the country is expected to boost the demand for medical pendants during the forecast period. As of 2013, Mexico had more than 4,466 hospitals; of which, 67.0% were private and the remaining 33.0% were government hospitals.
In addition, Mexico is one of the major exporters of medical devices in the Americas and Europe. This provides market players with significant growth opportunities. In addition, the country’s high healthcare spending capacity results in greater demand for advanced healthcare services.
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Our clientele includes a mix of medical pendant 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 medical pendant market, including forecasts for subscribers. This country databook contains high-level insights into Mexico medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico medical pendant market size, by product, 2015-2027 (US$M)
Mexico Medical Pendant Market Share, 2019 & 2027 (US$M)
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