The Top 10 Medical Equipment Opportunities in Mexico for 2022
Despite the devastation of the COVID-19 pandemic, there are grounds for optimism with regard to Mexico’s medical equipment/devices market. For example, a July 2021 article from Fitch Solutions projects that Mexico’s medical device market will register a 2020-2025 CAGR of 8.6% in USD, giving it a value of US$7.6 billion by 2025. The firm further forecasts double-digit growth for the Mexican medical device market in 2022.
In reviewing Global Health Intelligence’s (GHI’s) recent research on the area, which comes from our HospiScope database, we noticed strong growth in diagnostic imaging equipment in Mexico during 2020 and recently highlighted 3 equipment categories that posted double-digit growth last year.
As a company, GHI has been tracking base installed equipment for hospitals in Latin America since 2014, and this has allowed us to create historical projections based on the changes we have observed as our team directly confirms equipment counts as part of the constant updating of HospiScope. We recently calculated CAGR for more than 30 different categories of medical equipment in Mexico for 2019-2023. Based on those calculations, below we offer projections for the 12 medical equipment categories in Mexico which are likely to have the strongest growth in 2022 — along with 5 that are projected to suffer the sharpest contractions.
The 10 Medical Equipment Growth Categories in Mexico for 2022
Fluoroscopes in Mexico’s hospitals
Projected 19% increase in 2022
MRI machines in Mexico’s hospitals
Projected 11% increase in 2022
Patient monitoring systems in Mexico’s hospitals
Projected 11% increase in 2022
Positron emission tomography machines in Mexico’s hospitals
Projected 10% increase in 2022
Infusion pumps in Mexico’s hospitals
Projected 7% increase in 2022
Laparoscopic surgery equipment in Mexico’s hospitals
Projected 7% increase in 2022
Ventilators in Mexico’s hospitals
Projected 6% increase in 2022
Anesthesia machines in Mexico’s hospitals
Projected 5% increase in 2022
C-arms in Mexico’s hospitals
Projected 5% increase in 2022
CT scanners in Mexico’s hospitals
Projected 5% increase in 2022
The 5 Medical Equipment Categories with the Highest Projected Contractions in Mexico in 2022
Endoscopic lithotripsy equipment in Mexico’s hospitals
Projected -18% contraction in 2022
Cobalt therapy machines in Mexico’s hospitals
Projected -16% contraction in 2022
Stereotactic mammography machines in Mexico’s hospitals
Projected -14% contraction in 2022
Linear accelerators in Mexico’s hospitals
Projected -13% contraction in 2022
Hyperbaric chambers in Mexico’s hospitals
Projected -12% contraction in 2022
Next Steps
Contact us to obtain more detailed data on the medical equipment market in Mexico. We can help with several key resources, such as:
HospiScope: Subscribing to this database allows you to access millions of data points for nearly 90% of the hospitals in Latin America.
SurgiScope: Subscribing to this database allows you to see the surgical procedures taking place in hospitals in LatAm’s key hospital markets, which in turn can be used to gauge market demand for your products, market projections and more.
ShareScope: This service reveals market share in different markets for more than 30 different types of medical equipment.
LatAm Hospital Monitoring Service: Subscribing to this service gives you weekly updates on Latin American hospitals in the country of your choice, all accessible through a power business intelligence platform that features cutting-edge data visualization tools.
In-Scope: Customized research into the LatAm medical equipment market of your choice that will deliver a proprietary report offering the insights you need to make strategic decisions in 2022 and beyond.
