Mexico - Latin America Defibrillator Market Size & Outlook
Mexico - Latin America Defibrillator Market, 2018-2030 (US$M)
Global Report
Related Markets
Mexico defibrillator market highlights
- The Mexico defibrillator market generated a revenue of USD 105.5 million in 2023 and is expected to reach USD 179.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, implantable cardioverter defibrillator (icd) was the largest revenue generating product in 2023.
- External Defibrillator is the most lucrative product segment registering the fastest growth during the forecast period.
Defibrillator market data book summary
| Market revenue in 2023 | USD 105.5 million |
| Market revenue in 2030 | USD 179.2 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Implantable cardioverter defibrillator (icd) |
| Fastest growing segment | External Defibrillator |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable Cardioverter Defibrillator (ICD), External Defibrillator |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the defibrillator market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil defibrillator 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 179.2 million by 2030.
Penetration of medical devices in Mexico is low due to the language barrier and low investment in healthcare. Mexico’s healthcare system is dominated by private players, and healthcare delivery through private entities in Mexico operates entirely as a free market.
According to the International Trade Administration, in 2021, around USD 5.9 billion worth of medical devices were imported into the country. For new entrants in the Mexican market, the Ministry of Health provides limited information about medical devices and IVDs in English; all the documentation must also be prepared in Spanish.
According to a study by the National Institute of Statistics and Geography, SCA in Mexico is the leading cause of death in people above 65 years is SCA in Mexico. The availability of PAD in Mexico is low. Thus it may be a potential market for companies planning to increase their geographical footprint.
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Publish Date: Oct 09, 2024
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Defibrillator Market Scope
Defibrillator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| Nihon Kohden Corp | View profile | 6,325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | www.nihonkohden.co.jp |
| BIOTRONIK | View profile | 5001-10000 | Berlin, Berlin, Germany, Europe | www.biotronik.com/de-de |
| MicroPort Scientific Corp | View profile | 8,230 | 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 | www.microport.com |
| SCHILLER | View profile | 501-1000 | Feldkirchen, Bayern, Germany, Europe | www.schillermed.de/ |
| ZOLL Medical Corporation | View profile | 1001-5000 | Chelmsford, Massachusetts, United States, North America | www.zoll.com/ |
Mexico - Latin America Defibrillator 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 Defibrillator Market Outlook will help companies and investors design strategic landscapes.
Implantable Cardioverter Defibrillator (Icd) was the largest segment with a revenue share of 55.73% in 2023.
Horizon Databook has segmented the Mexico - Latin America defibrillator market based on implantable cardioverter defibrillator (icd), external defibrillator covering the revenue growth of each sub-segment from 2018 to 2030.
Penetration of medical devices in Mexico is low due to the language barrier and low investment in healthcare. Mexico’s healthcare system is dominated by private players, and healthcare delivery through private entities in Mexico operates entirely as a free market.
According to the International Trade Administration, in 2021, around USD 5.9 billion worth of medical devices were imported into the country. For new entrants in the Mexican market, the Ministry of Health provides limited information about medical devices and IVDs in English; all the documentation must also be prepared in Spanish.
According to a study by the National Institute of Statistics and Geography, SCA in Mexico is the leading cause of death in people above 65 years is SCA in Mexico. The availability of PAD in Mexico is low. Thus it may be a potential market for companies planning to increase their geographical footprint.
- Mexico - Latin America Defibrillator Market Product Outlook (Revenue, USD Million , 2018-2030)
- Implantable Cardioverter Defibrillator (ICD)
- External Defibrillator
- Mexico - Latin America Defibrillator Market end Use Outlook (Revenue, USD Million , 2018-2030)
- Hospital
- Pre hospital
- Public Access market
- Alternate care market
- Home healthcare
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Defibrillator Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Defibrillator Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Defibrillator Market, 2018-2030 (US$M)
Mexico defibrillator market statistics, by product, 2018-2030 (US$M)
