Market Size of Mexico Digital X-Ray Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 365.18 Million |
| Market Size (2029) | USD 495.66 Million |
| CAGR (2024 - 2029) | 6.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Digital X-Ray Devices Market Analysis
The Mexico Digital X-Ray Devices Market size is estimated at USD 365.18 million in 2024, and is expected to reach USD 495.66 million by 2029, growing at a CAGR of 6.30% during the forecast period (2024-2029).
The digital x-ray market in Mexico was severely affected by the COVID-19 pandemic in its initial phase. However, as the restrictions eased gradually in 2021, the market has started gaining pace in terms of diagnostic procedures across the country, thereby, having a positive impact on the market in the years to come. Additionally, to relieve the pressure on public hospitals, the Ministry of Health announced on April 8th, 2020 a collaboration plan with a network of 250 private hospitals (with 3,175 available beds) to increase medical attention capacity for non-Covid public-sector patients. The Federal Government published an agreement in the Official Gazette (DOF) on September 21st, 2020 to ensure the continuity of elective services across medical units of the Federal Public Administration (APF) in the new normality. Such factors are projected to bolster the uptake of digital x-ray imaging in several medical facilities across Mexico.
Moreover, since digital x-ray has proven to be a critical tool in the diagnosis and management of COVID-19 patients, for the healthcare workers on the front lines, with mobile x-ray systems that can be transported straight to the point of care and digital images delivered wirelessly to Picture Archiving & Communication System (PACS), radiography's flexibility and cost-effectiveness account for a large part of its utility. This is likely to have a positive impact on the market in the coming years.
Furthermore, Mexico is also a popular destination for healthcare tourism and an increasing number of people are traveling to Mexico for treatment of medical conditions such as heart ailment, lung disease, and dental services. The country continues to be one of the most popular tourist destinations owing to the low cost of treatment and better services being provided in the country. Thus, with an increase in healthcare tourism and rising age-related ailments such as arthritis, the Mexican market for digital x-ray is expected to grow at a considerable pace.
