Mexico Therapeutic Respiratory Devices Market Size & Outlook
The therapeutic respiratory devices market in Mexico is expected to reach a projected revenue of US$ 308.7 million by 2030. A compound annual growth rate of 7.1% is expected of Mexico therapeutic respiratory devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$190.7
Forecast, 2030 (US$M)
$308.7
CAGR, 2024 - 2030
7.1%
Report Coverage
Mexico
Mexico therapeutic respiratory devices market, 2017-2030 (US$M)
Related Markets
Mexico therapeutic respiratory devices market highlights
- The Mexico therapeutic respiratory devices market generated a revenue of USD 190.7 million in 2023 and is expected to reach USD 308.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, oxygen concentrators was the largest revenue generating product in 2023.
- Ventilators is the most lucrative product segment registering the fastest growth during the forecast period.
Therapeutic respiratory devices market data book summary
| Market revenue in 2023 | USD 190.7 million |
| Market revenue in 2030 | USD 308.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen concentrators |
| Fastest growing segment | Ventilators |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nebulizers, Humidifiers, Oxygen concentrators, Positive airway pressure devices, Ventilators, Gas Analyzers, Capnographs |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, ICU Medical Inc, Invacare, Medtronic PLC, Fisher & Paykel Healthcare Corp Ltd, ResMed Inc, Linde PLC, Mindray Medical International, Chart Industries Inc, Draegerwerk AG & Co KGaA, DeVilbiss Healthcare |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global therapeutic respiratory 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 therapeutic respiratory 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 308.7 million by 2030.
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Therapeutic Respiratory Devices Market Scope
Therapeutic respiratory devices market segmentation & scope
Therapeutic Respiratory Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico therapeutic respiratory devices market size, by product, 2017-2030 (US$M)
Mexico Therapeutic Respiratory Devices Market Outlook Share, 2023 & 2030 (US$M)
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