Growing medical tourism in Mexico to boost digital radiology devices market
Mexico has registered its commanding presence in the health tourism sector in recent years. The sector is growing very well in the country. Market analysts have estimated that the global digital radiology market would reach USD 13.3 billion by 2018 by growing at a CAGR of 5.4% from USD 9.7 billion in 2012. North America is currently leading the overall market with approximately 42% market share. However, Mexico claims that healthcare services in the country are comparable to that in the US. Cutting-edge medical technology and highly qualified doctors, backed by efforts of the Mexican Society of Radiology and the Mexican Federation of Radiology, have boosted Mexico’s digital radiology market. Digital radiology provides benefits such as accurate and high-quality images; flexibility in image management; superior evaluation of images and data; reduced exposure to radiation and improved patient turnouts. Factors such as cost of initial installation and outlay cost may limit the penetration of digital radiology devices in smaller clinics and medical centers, and restrict the overall growth of the market.