Market Size of Mexico Endoscopy Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.89 Billion |
| Market Size (2029) | USD 1.30 Billion |
| CAGR (2024 - 2029) | 8.42 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Endoscopy Devices Market Analysis
The Mexico Endoscopy Devices Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.30 billion by 2029, growing at a CAGR of 8.42% during the forecast period (2024-2029).
- The emergence of the COVID-19 pandemic had an adverse effect on the country's economy and healthcare system. The Mexico lockdown affected the supply chain of various medical devices. For instance, as per the Medtronic annual report 2021, the medical surgical segment, which has endoscopy products, showed a decreased revenue during the pandemic period compared to the pre-pandemic period. However, the revenue from the same above segment increased to USD 1,766 million in 2021 from USD 1,651 million in the past year in emerging markets, which involves Mexico. Hence, the endoscopy market in the country had an adverse impact during the pandemic period and is attaining growth over the post-pandemic and is expected to continue the same over the coming years.
- Certain factors that are driving the market growth include the increasing demand for minimally invasive surgeries, the increasing prevalence of endoscopy for treatment and diagnosis, and technological advancements leading to enhanced applications. The increasing usage of minimally invasive surgical techniques, particularly in gastric surgeries, can be attributed to the constant innovations in robotics and virtual techniques in surgical practices.
- For instance, as per the 2022 report by Médica Sur Hospital, Mexico, the Robotic Surgery Center of Médica Sur in Mexico City provides the most comprehensive array of patient-centered treatments in highly specialized surgical care fields such as minimally invasive, inter alia. Hence, the adoption of advanced technology for minimally invasive surgeries, which involves laparoscopy and endoscopy techniques, is expected to boost the growth of the market over the forecast period.
- However, the lack of skilled technicians for endoscopy usage and infections caused by endoscopes are expected to hinder the growth of the market over the forecast period.
