Mexico Portable Medical Devices Market Size & Outlook
Mexico portable medical devices market, 2018-2030 (US$M)
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Mexico portable medical devices market highlights
- The Mexico portable medical devices market generated a revenue of USD 1,035.9 million in 2023 and is expected to reach USD 2,501.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, monitoring devices was the largest revenue generating product in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 1,035.9 million |
| Market revenue in 2030 | USD 2,501.9 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Wearable Medical Devices, Diagnostic Imaging, Therapeutics, Monitoring Devices |
| Key market players worldwide | GE Aerospace, OMRON Corp, Vyaire Medical, Samsung BioLogics, Koninklijke Philips NV, Medtronic PLC, Roche Holding AG, Nox Medical |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global portable medical 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 portable medical devices 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 2,501.9 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico portable medical 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 portable medical devices market will help companies and investors design strategic landscapes.
Monitoring devices was the largest segment with a revenue share of 47.84% in 2023. Horizon Databook has segmented the Mexico portable medical devices market based on smart wearable medical devices, diagnostic imaging, therapeutics, monitoring devices covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico was one of the major contributors to Latin America market in 2022, which can be attributed to the local presence of key players, supportive government regulations, and investments by international market players.
For instance, according to Mexico’s new Health Accord in 2010, medical equipment approved in the U.S. or Canada can be approved on a fast-track basis in Mexico. This can help decrease the approval and commercialization timeline for market players, boosting the market in Mexico.
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Target buyers of Mexico portable medical devices market databook
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Our clientele includes a mix of portable medical 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 portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Mexico portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico portable medical devices market size, by product, 2018-2030 (US$M)
Mexico Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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