Mexico Microcatheter Market Size & Outlook, 2020-2027
Mexico microcatheter market, 2016-2027 (US$M)
Related Markets
Mexico microcatheter market highlights
- The Mexico microcatheter market generated a revenue of USD 54.0 million in 2020 and is expected to reach USD 77.6 million by 2027.
- The Mexico market is expected to grow at a CAGR of 5.3% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
Microcatheter market data book summary
| Market revenue in 2020 | USD 54.0 million |
| Market revenue in 2027 | USD 77.6 million |
| Growth rate | 5.3% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.9% of the global microcatheter market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil microcatheter 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 113.9 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico microcatheter 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 microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 63.89% in 2020. Horizon Databook has segmented the Mexico microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
Decrease in healthcare expenditure by the government and lack of adequate healthcare facilities in the country are major factors restraining the market growth. This figure has been decreasing since 2010. Such decrease in healthcare expenditure often restricts many new and key players to enter the Mexican market.
Moreover, lack of skilled professionals and less knowledge regarding treatment of chronic disorders are factors expected to impede the market growth. A majority of the patients prefer treatment outside the country due to shortage of hospitals and clinics in the country.
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Our clientele includes a mix of microcatheter 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 microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into Mexico microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico microcatheter market size, by product design, 2016-2027 (US$M)
Mexico Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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