Mexico Neurorehabilitation Devices Market Size & Outlook
Mexico neurorehabilitation devices market, 2018-2030 (US$M)
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Mexico neurorehabilitation devices market highlights
- The Mexico neurorehabilitation devices market generated a revenue of USD 31.7 million in 2023 and is expected to reach USD 84.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, neurorobotics was the largest revenue generating product in 2023.
- Wearable devices is the most lucrative product segment registering the fastest growth during the forecast period.
Neurorehabilitation devices market data book summary
| Market revenue in 2023 | USD 31.7 million |
| Market revenue in 2030 | USD 84.5 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Neurorobotics |
| Fastest growing segment | Wearable devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Neurorobotics, Brain-computer interface, Wearable devices, Non-invasive Stimulators |
| Key market players worldwide | Bioventus Inc Class A, Tokyo Electron Ltd, Medtronic PLC, IDEX Biometrics ASA, Bionik Laboratories Corp, Bioceres Crop Solutions Corp, Ekso Bionics Holdings Inc, Kinovo PLC, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global neurorehabilitation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil neurorehabilitation devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 146.8 million by 2030.
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Neurorehabilitation Devices Market Scope
Neurorehabilitation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico neurorehabilitation devices 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 neurorehabilitation devices market will help companies and investors design strategic landscapes.
Neurorobotics was the largest segment with a revenue share of 35.96% in 2023. Horizon Databook has segmented the Mexico neurorehabilitation devices market based on neurorobotics, brain-computer interface, wearable devices, non-invasive stimulators covering the revenue growth of each sub-segment from 2018 to 2030.
As Mexico falls in the lower to middle income countries, post-surgical and trauma care provisions such as for neuro-rehabilitation are more often than not hampered due to the lack of medical resources. Nonetheless, significant steps are being taken in this direction by the government and private players.
There have been attempts to introduce robotic assisted post-stroke upper and lower limb extremities rehabilitation to enhance provision of neuro-rehabilitation in a cost-effective manner. One such example is a rehabilitation gymnasium in Chihuahua, Mexico.
Furthermore, there is also presence of post-stroke & neurological rehabilitation centres at Monterrey and Jalisco. There is enough potential for the growth of the neuro-rehabilitation devices in the country and considerable revenue growth can be expected over the forecast period.
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Our clientele includes a mix of neurorehabilitation devices 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico neurorehabilitation devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico neurorehabilitation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico neurorehabilitation devices market size, by product, 2018-2030 (US$M)
Mexico Neurorehabilitation Devices Market Outlook Share, 2023 & 2030 (US$M)
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