Market Trends of Mexico In-Vitro Diagnostics Industry
This section covers the major market trends shaping the Mexico In-Vitro Diagnostics Market according to our research experts:
The Disposable IVD Devices Segment Dominates the Mexican In Vitro Diagnostics Market
By usability, the disposable devices IVD segment is expected to witness significant growth. A disposable IVD device is any in vitro diagnostic device intended for one-time or temporary use. The primary reason for creating disposable devices is infection control. When a device is used only once, it cannot transmit infectious agents to subsequent patients. The adoption rates of disposable self-testing kits for infectious diseases are also poised to increase with the increasing availability of test kits for diseases, such as HIV, as country guidelines explicitly allow for HIV self-testing. For instance, as per the 2020 data of the Joint United Nations Programme on HIV and AIDS, about 340,000 people in Mexico were living with HIV. This number is expected to increase over time due to increasing new cases of HIV, which will further drive the demand for disposable IVD devices and boost the growth of the segment.
Thus, due to the aforementioned factors, the studied segment is expected to grow over the forecast period.
