Mexico - Latin America Artificial Organs And Bionics Market
- MedTech
- General Surgery
- artificial organ and bionics
- General Surgery
Mexico - Latin America Artificial Organs And Bionics Market, 2018-2030 (US$M)
Global Market
Related Markets
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Mexico artificial organs and bionics market highlights
- The Mexico artificial organs and bionics market generated a revenue of USD 362.9 million in 2022 and is expected to reach USD 793.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.3% from 2023 to 2030.
- In terms of segment, artificial organ was the largest revenue generating product in 2022.
- Artificial bionics is the most lucrative product segment registering the fastest growth during the forecast period.
Artificial organs and bionics market data book summary
| Market revenue in 2022 | USD 362.9 million |
| Market revenue in 2030 | USD 793.8 million |
| Growth rate | 10.3% (CAGR from 2022 to 2030) |
| Largest segment | Artificial organ |
| Fastest growing segment | Artificial bionics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Artificial Organ, Artificial bionics |
| Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global artificial organs and bionics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil artificial organs and bionics 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 793.8 million by 2030.
Mexico accounted for the second-largest share in Latin America’s artificial organ and bionics market in 2019. Favorable initiatives undertaken by private & social security sectors, such as the North American Free Trade Agreement (NAFTA), to promote usage of medical equipment and products, are likely to contribute to market growth.
Mexico has been a popular medical tourism destination for the U.S. and Canada, owing to the low cost of treatments available in the country. Moreover, its proximity to the U.S. and lower travel costs are boosting medical tourism in the country, thereby increasing the demand for transplant procedures.
In addition, medical tourism is a major revenue generator for the country, as treatments are 30% to 50% cheaper than those in the U.S. According to the National Transplant Center, around 21,414 people in Mexico were awaiting an organ or tissue transplant in 2017.
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Artificial Organ And Bionics
Artificial Organ And Bionics Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| Ekso Bionics Holdings Inc | View profile | 72 | 101 Glacier Point, Suite A, San Rafael, CA, United States, 94901 | www.eksobionics.com |
| Cochlear Ltd | View profile | 4,773 | 1 University Avenue, Macquarie University, Sydney, NSW, Australia, 2109 | www.cochlear.com |
| Edwards Lifesciences Corp | View profile | 19,800 | One Edwards Way, Irvine, CA, United States, 92614 | www.edwards.com |
| Symbotic Inc Ordinary Shares - Class A | View profile | 1,300 | 200 Research Drive, Wilmington, MA, United States, 01887 | www.symbotic.com |
| Berlin Heart GmbH | View profile | 501-1000 | Berlin, Berlin, Germany, Europe | www.berlinheart.de/ |
| SynCardia Systems | View profile | 101-250 | Tucson, Arizona, United States, North America | www.syncardia.com/ |
Mexico - Latin America artificial organ and bionics
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 Artificial Organs And Bionics Market will help companies and investors design strategic landscapes.
Artificial Organ was the largest segment with a revenue share of 70.6% in 2022.
Horizon Databook has segmented the Mexico - Latin America artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico accounted for the second-largest share in Latin America’s artificial organ and bionics market in 2019. Favorable initiatives undertaken by private & social security sectors, such as the North American Free Trade Agreement (NAFTA), to promote usage of medical equipment and products, are likely to contribute to market growth.
Mexico has been a popular medical tourism destination for the U.S. and Canada, owing to the low cost of treatments available in the country. Moreover, its proximity to the U.S. and lower travel costs are boosting medical tourism in the country, thereby increasing the demand for transplant procedures.
In addition, medical tourism is a major revenue generator for the country, as treatments are 30% to 50% cheaper than those in the U.S. According to the National Transplant Center, around 21,414 people in Mexico were awaiting an organ or tissue transplant in 2017.
- Mexico - Latin America Artificial Organs And Bionics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Artificial Organ
- Artificial bionics
- Mexico - Latin America Artificial Organs And Bionics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Mechanical
- Electronic
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America artificial organ and bionics, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America artificial organ and bionics from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Artificial Organs And Bionics Market, 2018-2030 (US$M)
Mexico artificial organs and bionics market statistics, by product, 2018-2030 (US$M)
