Mexico Medical Simulation Market Size & Outlook, 2023-2030
Mexico medical simulation market, 2018-2030 (US$M)
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Mexico medical simulation market highlights
- The Mexico medical simulation market generated a revenue of USD 42.2 million in 2023 and is expected to reach USD 131.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 17.6% from 2024 to 2030.
- In terms of segment, healthcare anatomical models was the largest revenue generating healthcare simulation in 2023.
- Simulation Training Services is the most lucrative healthcare simulation segment registering the fastest growth during the forecast period.
Medical simulation market data book summary
| Market revenue in 2023 | USD 42.2 million |
| Market revenue in 2030 | USD 131.4 million |
| Growth rate | 17.6% (CAGR from 2023 to 2030) |
| Largest segment | Healthcare anatomical models |
| Fastest growing segment | Simulation Training Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Healthcare Anatomical Models, Web Based Simulators, Simulation Training Services, Healthcare Simulation Software |
| Key market players worldwide | CAE Inc, Laerdal Medical, 3D Systems Corp, Shimadzu Corp, Surgical Science Sweden AB, Limbs & Things, Simulaids, Gaumard Scientific, Mentice, Simulab Corporation |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global medical simulation 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 simulation 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 106.2 million by 2030.
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Medical Simulation Market Scope
Medical Simulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico medical simulation 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 simulation market will help companies and investors design strategic landscapes.
Healthcare anatomical models was the largest segment with a revenue share of 98.34% in 2023. Horizon Databook has segmented the Mexico medical simulation market based on healthcare anatomical models, web based simulators, simulation training services, healthcare simulation software covering the revenue growth of each sub-segment from 2018 to 2030.
The medical simulation industry in Mexico is anticipated to witness lucrative growth over the forecast period. As total healthcare spending is approximately 5.37% of GDP, innovative technology is witnessing rapid growth in the country.
Simulation technologies in hospitals, academic institutes, research centers, and military organizations have wide applications. These systems, products, and models help in developing new procedures, designing new medical devices, and training & practicing by medical practitioners.
The Agency for International Development (USAID) of the U.S. Embassy of Mexico granted USD 400,000 to ABC Medical Simulation Centre, which was used to procure three human simulators. These factors are expected to support the market growth in the country.
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Our clientele includes a mix of medical simulation 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 simulation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical simulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical simulation market size, by healthcare simulation, 2018-2030 (US$M)
Mexico Medical Simulation Market Outlook Share, 2023 & 2030 (US$M)
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