Market Size of Mexico Diabetes Drugs Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 2.04 Billion |
| Market Size (2029) | USD 2.39 Billion |
| CAGR (2024 - 2029) | 3.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Diabetes Drugs Market Analysis
The Mexico Diabetes Drugs Market size is estimated at USD 2.04 billion in 2024, and is expected to reach USD 2.39 billion by 2029, growing at a CAGR of 3.30% during the forecast period (2024-2029).
In Mexico, diabetes, especially Type 2, became a healthcare burden as it is the primary cause of death among women and the secondary cause of death among men. Obesity, sedentarism, bad eating habits, genetics, family background, and age are among the factors that lead to developing diabetes. Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
In 2022, the International Diabetes Federation estimated that approximately 14.1 million adults in Mexico were affected by diabetes. This accounts for nearly 17 percent of the entire adult population in the country, which equated to over 83 million individuals during that year. Overweight is identified as one of the risk factors associated with this disease, and it is projected that the proportion of overweight individuals in Mexico will continue to rise in the coming years.
there are 11 million adults in the country have Impaired Glucose tolerance (IGT), which places them at high risk of developing type 2 diabetes. Diabetes-related health expenditure in Mexico has reached USD 20 billion, putting it in the top ten countries or territories with the highest total health expenditure. Under half (47.5%) of people living with diabetes in the country are undiagnosed.
When diabetes is undetected or inadequately treated, people with diabetes are at risk of serious and life-threatening complications, such as heart attack, stroke, kidney failure, blindness, and lower-limb amputation. These result in reduced quality of life and higher healthcare costs and lead to a greater need for access to care.
