Mexico Neonatal Critical Care Equipment Market Size & Outlook
Mexico neonatal critical care equipment market, 2018-2030 (US$M)
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Mexico neonatal critical care equipment market highlights
- The Mexico neonatal critical care equipment market generated a revenue of USD 88.1 million in 2023 and is expected to reach USD 155.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, other equipments was the largest revenue generating type in 2023.
- Phototherapy Equipment is the most lucrative type segment registering the fastest growth during the forecast period.
Neonatal critical care equipment market data book summary
| Market revenue in 2023 | USD 88.1 million |
| Market revenue in 2030 | USD 155.9 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Other equipments |
| Fastest growing segment | Phototherapy Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoregulation Equipment, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Other Equipments |
| Key market players worldwide | Draegerwerk AG & Co KGaA, Cardinal Health Inc, Koninklijke Philips NV, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Vyaire Medical, BD, Fisher & Paykel Healthcare Corp Ltd, Masimo Corp, Phoenix Group Holdings PLC, Natus Medical, Utah Medical Products Inc, Ambu A/S ADR |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.1% of the global neonatal critical care equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil neonatal critical care equipment 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 16.5 million by 2030.
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Neonatal Critical Care Equipment Market Scope
Neonatal Critical Care Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico neonatal critical care equipment 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 neonatal critical care equipment market will help companies and investors design strategic landscapes.
Other equipments was the largest segment with a revenue share of 33.48% in 2023. Horizon Databook has segmented the Mexico neonatal critical care equipment market based on thermoregulation equipment, phototherapy equipment, respiratory devices, neonatal monitoring devices, other equipments covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, Mexico held the most significant share of the Latin America market due to the local presence of key players, supportive government regulations, and investments by international market players. The neonatal mortality rate in Mexico is higher and is expected to contribute to market growth over the forecast period.
According to UNICEF data, the neonatal death rate in Mexico was around 8.105 deaths per 1,000 live births in 2021. However, the high cost of neonatal care equipment, including maintenance costs, and the low affordability of patients are likely to impede market growth.
Mexico is considered to be a lucrative market for affordable medical device manufacturing through skilled & affordable manufacturing labor, proximity to major markets, and impressive infrastructure capabilities. The presence of major market players, such as Medtronic, in the country also represents lucrative growth opportunities.
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Our clientele includes a mix of neonatal critical care equipment 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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico neonatal critical care equipment market size, by type, 2018-2030 (US$M)
Mexico Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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