Mexico Rapid Medical Diagnostic Kits Market Size & Outlook
Mexico rapid medical diagnostic kits market, 2018-2030 (US$M)
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Mexico rapid medical diagnostic kits market highlights
- The Mexico rapid medical diagnostic kits market generated a revenue of USD 203.2 million in 2023 and is expected to reach USD 318.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 203.2 million |
| Market revenue in 2030 | USD 318.4 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global rapid medical diagnostic kits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil rapid medical diagnostic kits 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 268.2 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico rapid medical diagnostic kits 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 rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 63.53% in 2023. Horizon Databook has segmented the Mexico rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in incidence of diabetes in Mexico is anticipated to fuel market growth during the forecast period. According to WHO, type 2 diabetes is the main cause of death combined with disability in Mexico. In 2016, the Mexican Health Ministry declared the epidemic of diabetes as a national health emergency.
According to International Diabetes Federation (IDF) 2020 statistics, the prevalence of diabetes in Mexico was estimated to be 15.2% of the total adult population in the country. In addition, according to the same source, the number of individuals diagnosed with diabetes is estimated to increase to 21.8 million by 2045.
Therefore, the country has taken steps to improve prevention through awareness campaigns to boost detection of diabetes at an earlier stage, providing care and treatment combined with education.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into Mexico rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
Mexico Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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