Mexico Medical Tubing Market Size & Outlook, 2022-2030
Mexico medical tubing market, 2018-2030 (US$M)
Related Markets
Mexico medical tubing market highlights
- The Mexico medical tubing market generated a revenue of USD 269.7 million in 2022 and is expected to reach USD 425.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, polyvinyl chloride was the largest revenue generating product in 2022.
- Fluoropolymers is the most lucrative product segment registering the fastest growth during the forecast period.
Medical tubing market data book summary
| Market revenue in 2022 | USD 269.7 million |
| Market revenue in 2030 | USD 425.8 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride |
| Fastest growing segment | Fluoropolymers |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products |
| Key market players worldwide | Asahi Group Holdings Ltd, MDC Industries, Nordson Corp, TE Connectivity Ltd, Freudenberg, Spectrum Plastics Group, Zarys International Group, Hitachi Cable America, NewAge Industries, Atag |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.2% of the global medical tubing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical tubing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 655.5 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico medical tubing 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 tubing market will help companies and investors design strategic landscapes.
Polyvinyl chloride was the largest segment with a revenue share of 31.7% in 2022. Horizon Databook has segmented the Mexico medical tubing market based on silicone, polyolefins, polyimide, polyvinyl chloride, polycarbonates, fluoropolymers, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is among the leading five countries in surgical procedures. In addition, generic factors such as growing population and rising disposable income are expected to generate higher demand for healthcare services, thereby positively influencing the growth of the medical tubing market in the country over the forecast period.
The demand for medical tubes in catheters, laboratory equipment, and bulk disposable tubing is expected to continue over the forecast period. In terms of revenue, the demand for medical tubes in the bulk disposable tubing application segment was estimated as the largest of the overall market share.
Mexico is one of the significant markets in North America for medical tubing manufacturers. The demand for medical tubing is driven by the fact that the majority of private and public hospitals are looking for specialized and advanced medical equipment.
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Our clientele includes a mix of medical tubing market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico medical tubing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical tubing market size, by product, 2018-2030 (US$M)
Mexico Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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