Mexico Vital Signs Monitoring Market Size & Outlook
Mexico vital signs monitoring market, 2018-2030 (US$M)
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Mexico vital signs monitoring market highlights
- The Mexico vital signs monitoring market generated a revenue of USD 281.4 million in 2023 and is expected to reach USD 459.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Vital signs monitoring market data book summary
| Market revenue in 2023 | USD 281.4 million |
| Market revenue in 2030 | USD 459.4 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.9% of the global vital signs monitoring market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil vital signs monitoring 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 735.9 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico vital signs monitoring 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 vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.33% in 2023. Horizon Databook has segmented the Mexico vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
There is low penetration of medical devices in Mexico due to the language barrier. For companies looking to enter into the Mexican market, the Ministry of Health provides very limited information about medical devices and IVDs in English, all the documentation also needs to be done in Spanish.
There is increase in medical tourism in this country due to which there is increase in the number of private and public hospitals, which may increase the market for vital sign monitors. There may also be increase in the home care usage of the end-user segment of vital sign monitors due to increase in medical tourism.
The vital sign monitor market of Mexico is dominated by blood pressure monitors which contribute to 41.40%, followed by pulse oximeters which contribute about 36.23%, followed by thermometers which contribute to about 13.36%, and 9.01% is contributed by other vital sign monitors.
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Our clientele includes a mix of vital signs monitoring 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 vital signs monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Mexico vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico vital signs monitoring market size, by product, 2018-2030 (US$M)
Mexico Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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