Market Trends of Mexico Artificial Organs and Bionic Implants Industry
This section covers the major market trends shaping the Mexico Artificial Organs & Bionic Implants Market according to our research experts:
Artificial Kidney Segment is Expected to Grow in the Mexico Artificial Organs and Bionic Implants Market Over the Forecast Period
The artificial kidney segment is expected to witness significant growth over the forecast period due to the factors, such as the rising prevalence of renal failures and increasing chronic diseases, such as diabetes and hypertension that lead to kidney disease.
A wearable artificial kidney is a wearable dialysis machine. An individual with end-stage renal disease may use a wearable artificial kidney on a daily or even a continuous basis. The increasing incidence and prevalence of renal failures are expected to drive segment growth.
Kidney failure or dysfunction has become a burden in the country, which is expected to increase the demand for an artificial kidneys, propelling the segment growth. For instance, as per an article published in PeerJ Journal in June 2022, it has been found that patients with chronic kidney diseases, diabetes mellitus, and arterial hypertension have a higher prevalence of mortality. Additionally, from an article published in PLOS One in February 2021, it has been observed that acute kidney injury was common in patients with severe pneumonia caused by SARS-CoV-2 infection. The risk factors include old age, obesity, and the requirement of invasive mechanical ventilation (IMV) on admission.
Additionally, as per the data published by CDC, in February 2022, it has been observed that chronic kidney diseases (CKD) cases were increasing among Mexican Americans. In addition, CKD was higher in groups with lower educational levels and income. This is expected to increase the risk of kidney failure among the Mexican population, which is anticipated to fuel the demand for artificial kidneys, propelling the segment growth.
Therefore, owing to the aforementioned factors, the segment is expected to witness growth over the forecast period.
Cardiac Bionics Segment is Expected to Have the Significant Market Share Over the Forecast Period
The cardiac bionics segment is expected to witness healthy growth in Mexico's artificial organs and bionic implants market over the forecast period. The factors attributing to the market growth are the rising prevalence of cardiovascular diseases, such as hypertension, stroke, and their risk-associated factors, as well as the increasing number of cardiac surgeries requiring bionics implantation.
The rising burden of heart disease is the key factor driving the demand for cardiac bionics, propelling the segment's growth. For instance, according to an article published in Cardiovascular Diabetology in June 2021, it has been observed that a 45% increase in physical inactivity increased the number of cases of type 2 diabetes, coronary heart disease, stroke, myocardial infarction, stroke deaths, and coronary heart disease diseases. Thus, changing lifestyles leading to physical inactivity can further increase the risk of heart disease, which is expected to increase the demand for cardiac surgeries. This is anticipated to fuel the segment growth over the forecast period.
Additionally, as per an article published in NLM in August 2022, it has been observed that the incidence of hypertriglyceridemia is higher among Mexican Americans compared to white Americans. Thus, the high burden of hypertriglyceridemia among the population increases their risk of developing cardiovascular disease. They thicken the arteries and reduce blood flow to the heart, which may lead to cardiac surgeries. This is anticipated to fuel the segment growth over the forecast period.
Furthermore, according to the 2022 statistics published by IDF, in Mexico, 14.1 million people were living with diabetes in 2021, which is projected to double by 2050. Thus, the high blood sugar from diabetes can damage blood vessels in the kidney and nephrons, leading to kidney disease and kidney failure. This is expected to increase the demand for kidney transplantation, which is anticipated to propel the market growth over the forecast period.
Therefore, owing to the factors such as the rising prevalence of cardiovascular diseases, diabetes, and triglycerides among the population, the segment is expected to grow over the forecast period.
