Mexico - North America Smart Medical Devices Market Size & Outlook
Mexico - North America Smart Medical Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico smart medical devices market highlights
- The Mexico smart medical devices market generated a revenue of USD 1,605.8 million in 2024 and is expected to reach USD 3,226.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.4% from 2025 to 2030.
- In terms of segment, therapeutic devices was the largest revenue generating product type in 2024.
- Therapeutic Devices is the most lucrative product type segment registering the fastest growth during the forecast period.
Smart medical devices market data book summary
| Market revenue in 2024 | USD 1,605.8 million |
| Market revenue in 2030 | USD 3,226.2 million |
| Growth rate | 12.4% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Therapeutic Devices |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics and Monitoring Devices, Therapeutic Devices |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Roche Holding AG, DexCom Inc, Masimo Corp, Draegerwerk AG & Co KGaA, SmartCardia, Microlife Corp, Beurer, Adherium Ltd, Ascensia Diabetes Care, LifeScan, AgaMatrix, Arkray, i-SENS Inc, ACON Laboratories, Nipro Corp, Garmin Ltd, Fourth Frontier, Nonin Medical, Sensoria, Sonova Holding AG, WS Audiology, Demant A/S |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global smart medical devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 9,641.8 million by 2030.
In Mexico, the Federal Commission for the Protection against Sanitary Risk (COFEPRIS) oversees the regulatory framework for smart medical devices. The process involves the classification of devices, risk assessment, and compliance with safety and effectiveness standards.
Manufacturers must submit documentation demonstrating their products' quality, safety, and performance. COFEPRIS also conducts post-market surveillance and inspections to ensure ongoing compliance with regulations. This framework aims to facilitate the safe integration of innovative medical technologies while protecting public health.
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Publish Date: Dec 09, 2024
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Smart Medical Devices Market Scope
Smart Medical Devices 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 |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Sonova Holding AG | View profile | 18,151 | Laubisrutistrasse 28, Stafa, Switzerland, CH-8712 | www.sonova.com |
| Demant A/S | View profile | 21,623 | Kongebakken 9, Smorum, Denmark, 2765 | www.demant.com |
| Draegerwerk AG & Co KGaA | View profile | 16,476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | www.draeger.com |
| Nipro Corp | View profile | 39,713 | 3-9-3 Honjo-Nishi Kita-ku, Osaka, Japan, 531-8510 | www.nipro.co.jp |
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | www.beurer.com/web/us/ |
| Masimo Corp | View profile | 3,796 | 52 Discovery, Irvine, CA, United States, 92618 | www.masimo.com |
Mexico - North America Smart Medical Devices 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 Smart Medical Devices Market Outlook will help companies and investors design strategic landscapes.
Therapeutic Devices was the largest segment with a revenue share of 86.11% in 2024.
Horizon Databook has segmented the Mexico - North America smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
In Mexico, the Federal Commission for the Protection against Sanitary Risk (COFEPRIS) oversees the regulatory framework for smart medical devices. The process involves the classification of devices, risk assessment, and compliance with safety and effectiveness standards.
Manufacturers must submit documentation demonstrating their products' quality, safety, and performance. COFEPRIS also conducts post-market surveillance and inspections to ensure ongoing compliance with regulations. This framework aims to facilitate the safe integration of innovative medical technologies while protecting public health.
- Mexico - North America Smart Medical Devices Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Diagnostics and Monitoring Devices
- Therapeutic Devices
- Mexico - North America Smart Medical Devices Market Distribution Outlook (Revenue, USD Million , 2018-2030)
- Pharmacies
- Online Channel
- Direct-to-Consumer (DTC)
- Others (Hypermarkets, Specialty Retailers)
- Mexico - North America Smart Medical Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Clinics
- Home Care
- Others (Sports, Fitness Centers, Assisted Living)
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Smart Medical Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Smart Medical Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Smart Medical Devices Market, 2018-2030 (US$M)
Mexico smart medical devices market statistics, by product type, 2018-2030 (US$M)
