Mexico Ultrasound Devices Market Size & Outlook, 2023-2030
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Mexico ultrasound devices market highlights
- The Mexico ultrasound devices market generated a revenue of USD 240.0 million in 2023 and is expected to reach USD 322.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 240.0 million |
| Market revenue in 2030 | USD 322.0 million |
| Growth rate | 4.3% (CAGR from 2024 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.5% of the global ultrasound devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ultrasound devices 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 424.3 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.42% in 2023. Horizon Databook has segmented the Mexico ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The ultrasound devices market in Mexico is anticipated to grow gradually over the forecast period. This can be attributed to the diverse population in Mexico, which is witnessing an epidemiological shift from diseases typical of less-developed regions to lifestyle-related chronic diseases.
Moreover, physicians in Mexico are extremely specialized, many of them having completed training in the U.S. or Europe. Healthcare system in Mexico is dominated by private players. Healthcare delivery through private healthcare organizations operates entirely on the free market system in this country.
Mexico has become a significant destination for affordable medical device manufacturing with skilled yet affordable manufacturing labor, proximity to major markets, and impressive infrastructure capabilities. The presence of a major market player in the country also represents lucrative growth opportunities.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Samsung BioLogics | View profile | 1001-5000 | Incheon, Inch'on-jikhalsi, South Korea, Asia | https://www.samsungbiologics.com/ |
| Konica Minolta Inc | View profile | 39759 | JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-7015 | http://www.konicaminolta.com |
| Mindray Medical International | View profile | 5001-10000 | Nanshan, Hunan, China, Asia | https://www.mindray.com |
| Esaote | View profile | - | - | |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Canon Inc | View profile | 169151 | 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, Japan, 146-8501 | https://www.global.canon |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
Mexico Therapeutic Ultrasound Devices - Ultrasound Devices Market size, 2023 - 2030 (US$M)
Mexico Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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