Mexico Sterilization Equipment Market Size & Outlook
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Mexico sterilization equipment market highlights
- The Mexico sterilization equipment market generated a revenue of USD 228.6 million in 2023 and is expected to reach USD 471.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, low-temperature sterilizers was the largest revenue generating product in 2023.
- Heat sterilizers is the most lucrative product segment registering the fastest growth during the forecast period.
Sterilization equipment market data book summary
| Market revenue in 2023 | USD 228.6 million |
| Market revenue in 2030 | USD 471.7 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Low-temperature sterilizers |
| Fastest growing segment | Heat sterilizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat sterilizers, Low-temperature sterilizers, Sterile membrane filters, Radiation Sterilization Devices |
| Key market players worldwide | Steris PLC, Sotera Health Co Ordinary Shares, Cantel Medical, Fortive Corp, E-BEAM Services |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global sterilization equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sterilization equipment 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 536.6 million by 2030.
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Sterilization Equipment Market Scope
Sterilization Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| E-BEAM Services | View profile | 101-250 | Lebanon, Ohio, United States, North America | https://ebeamservices.com/ |
| Cantel Medical | View profile | 1001-5000 | Little Falls, New Jersey, United States, North America | http://www.cantelmedical.com |
| Fortive Corp | View profile | 18000 | 6920 Seaway Boulevard, Everett, WA, United States, 98203 | https://www.fortive.com |
| Sotera Health Co Ordinary Shares | View profile | 3000 | 9100 South Hills Boulevard, Suite 300, Broadview Heights, OH, United States, 44147 | https://investors.soterahealth.com |
| Steris PLC | View profile | 17100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | https://www.steris-ir.com |
Mexico sterilization equipment 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 sterilization equipment market will help companies and investors design strategic landscapes.
Low-temperature sterilizers was the largest segment with a revenue share of 32.15% in 2023. Horizon Databook has segmented the Mexico sterilization equipment market based on heat sterilizers, low-temperature sterilizers, sterile membrane filters, radiation sterilization devices covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico was one of the major contributors to the Latin America market in 2023, owing to the local presence of key players, supportive government regulations, and investments by international market players. Through its skilled yet affordable manufacturing labor, its closeness to major markets, and its impressive infrastructure capabilities.
Mexico has become a major source of reasonable medical device manufacturing across the globe. The increasing prevalence of chronic disorders, such as cancer and neurological disorders, is one of the key factors likely to propel the market over the forecast period.
For instance, according to a study published in the Journal of Alzheimer's Disease, in September 2022, approximately 7.8% of the population in Mexico was affected by Alzheimer's disease. In addition, the prevalence of diabetes in the adult population is around 15%.
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Target buyers of Mexico sterilization equipment market databook
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Our clientele includes a mix of sterilization equipment 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 sterilization equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico sterilization equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico Radiation Sterilization Devices - Sterilization Equipment Market, 2023 - 2030 (US$M)
Mexico Sterilization Equipment Market Outlook Share, 2023 & 2030 (US$M)
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