Mexico Non-pvc Iv Bags Market Size & Outlook, 2023-2030
Mexico non-pvc iv bags market, 2018-2030 (US$M)
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Mexico non-pvc iv bags market highlights
- The Mexico non-pvc iv bags market generated a revenue of USD 22.7 million in 2023 and is expected to reach USD 47.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, single chamber was the largest revenue generating product in 2023.
- Multi Chamber is the most lucrative product segment registering the fastest growth during the forecast period.
Non-pvc iv bags market data book summary
| Market revenue in 2023 | USD 22.7 million |
| Market revenue in 2030 | USD 47.3 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Single chamber |
| Fastest growing segment | Multi Chamber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Chamber, Multi Chamber |
| Key market players worldwide | Baxter International Inc, B. Braun, Pfizer Inc, Fresenius SE & Co KGaA, Angiplast, Kraton Performance Polymers |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global non-pvc iv bags market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil non-pvc iv bags market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 47.3 million by 2030.
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Non-PVC IV Bags Market Scope
Non-PVC IV Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico non-pvc iv bags 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 non-pvc iv bags market will help companies and investors design strategic landscapes.
Single chamber was the largest segment with a revenue share of 61.23% in 2023. Horizon Databook has segmented the Mexico non-pvc iv bags market based on single chamber, multi chamber covering the revenue growth of each sub-segment from 2018 to 2030.
In Mexico, the substantial presence of major industry players, favorable governmental regulations, and investments from global market leaders have positioned the country as a significant contributor to cost-effective medical device manufacturing worldwide. Leveraging skilled yet cost-effective manufacturing labor, geographic proximity to major markets, and robust infrastructure capabilities, Mexico has emerged as a prominent hub for the production of medical devices on a global scale.
The increasing prevalence of chronic disorders, such as cancer and neurological disorders, is one of the key factors likely to propel the market growth over the forecast period. For instance, according to data published by NIH, in July 2023, the cancer mortality rate in Mexico was 69.8/100,000 men and 62.5/100,000 women. Thus, owing to these factors, the demand for non-PVC IV bags is expected to substantially grow over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico non-pvc iv bags market , including forecasts for subscribers. This country databook contains high-level insights into Mexico non-pvc iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico non-pvc iv bags market size, by product, 2018-2030 (US$M)
Mexico Non-PVC IV Bags Market Outlook Share, 2023 & 2030 (US$M)
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